Despite The Weak Economy, President Obama Wants To Raise Taxes On Small Businesses.
Will Senate Democrats Agree With Him?
Today’s Economy Weaker Than When Obama Extended All Tax Rates
2010 Economic Growth: 3.1% Will Senate Democrats Agree With Him?
Today’s Economy Weaker Than When Obama Extended All Tax Rates
Real GDP growth over the four quarters before Dec. 2010 tax rate extension: 3.1% (“Table 1.1.1, Percent Change From Preceding Period In Real Gross Domestic Product,” Bureau Of Economic Analysis, Accessed 7/9/12)
2012 Economic Growth: 2.0%
Real GDP growth over the previous four quarters: 2.0% (“Table 1.1.1, Percent Change From Preceding Period In Real Gross Domestic Product,” Bureau Of Economic Analysis, Accessed 7/9/12)
In 2010, Obama Said Tax Increases ‘Would Have Been A Blow To Our Economy’
PRESIDENT OBAMA: …tax rates for every American were poised to automatically increase on January 1st… would have been a blow to our economy just as we’re climbing out of a devastating recession.” (President Obama, Remarks At Bill Signing, 12/17/10)- OBAMA: “If we allow these taxes to go up, the result would be that a lot of people most likely would spend less, and that means that the economy would grow less.” (President Obama, Remarks, Kokomo, IN, 11/23/10)
- OBAMA: “You don't raise taxes in a recession.” (“Obama: We Must ‘Help Elkhart Reinvent Itself,’” MSNBC, 8/5/09 Video Here
Forty Senate Dems Voted To Extend All Tax Rates In 2010
40 Current Senate Democrats Voted To Extend These Tax Rates In 2010: Akaka (D-HI), Baucus (D-MT), Begich (D-AK), Bennet (D-CO), Boxer (D-CA), Brown (D-OH), Cantwell (D-WA), Cardin (D-MD), Carper (D-DE), Casey (D-PA), Conrad (D-ND), Coons (D-DE), Durbin (D-IL), Feinstein (D-CA), Franken (D-MN), Inouye (D-HI), Johnson (D-SD), Kerry (D-MA), Klobuchar (D-MN), Kohl (D-WI), Landrieu (D-LA), Lieberman (ID-CT), Manchin (D-WV), McCaskill (D-MO), Menendez (D-NJ), Mikulski (D-MD), Murray (D-WA), Nelson (D-FL), Nelson (D-NE), Pryor (D-AR), Reed (D-RI), Reid (D-NV), Rockefeller (D-WV), Schumer (D-NY), Shaheen (D-NH), Stabenow (D-MI), Tester (D-MT), Warner (D-VA), Webb (D-VA), Whitehouse (D-RI). (H.R. 4853, Roll Call Vote #276, Motion Agreed To 81-19: R 36-5, D 44-13, I 1-1, 12/15/10)Six Senate Dems Voted To Establish Rates In 2001 And 2003
SENS. MAX BAUCUS (D-MT), DIANNE FEINSTEIN (D-CA), TIM JOHNSON (D-SD), HERB KOHL (D-WI), MARY LANDRIEU (D-LA), BEN NELSON (D-NE) Voted For “The Economic Growth And Tax Relief Reconciliation Act Of 2001.” (H.R. 1836, Roll Call Vote #165, Bill Passed 62-38; R 50-0; D 12-38, 5/23/01)SEN. BEN NELSON (D-NE) Voted For “The Jobs And Growth Tax Relief Reconciliation Act Of 2003” In The Senate. (H.R.2, Roll Call Vote #179, Bill Passed 51-49: R 48-3; D 3-45; I 0-1, Bayh & Nelson (NE) Voted Yea, 5/15/03)
- SEN. BEN NELSON (D-NE) Also Voted For “The Jobs And Growth Tax Relief Reconciliation Act Of 2003” Conference Report. (H.R.2, Roll Call Vote #196, Bill Passed 50-50: R 48-3; D 2-46; I 0-1, Nelson (NE) Voted Yea, 5/23/03)
Tags: President Obama, Small business, tax hike, Senate Democrats, Nebraska, Ben Nelson, Montana, Max Baucus, California, Dianne Feinstein, South Dakota, Tim Johnson, Wisconsin, Herb Kohl. Missouri, Mary Landrieu To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
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