Free Republic

Barak Obama says that he wants to increase taxes on people and business' that make more than $250,000 a year. This sounds ok to those of us who make less than that until you look at it logically and to me it starts to look really bad. First, my utility company makes more than $250,000 a year so there taxes will go up and that cost will be passed on to the comsumer -(us)- to make up for lost profits, and lets face it, if they didn't increase there price's they would have to cut back on spending and jobs...