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CBO: Obama's big 'win' will cost 260,000 jobs

December 31, 2012
Williamsport Sun-Gazette

As President Barack Obama was pushing his way toward a tax increase that could hit many small businesses hard, the nonpartisan Congressional Budget Office was estimating the action would jeopardize about 200,000 jobs.

The income limits of Obama's proposal would increase taxes on many small businesses - while granting breaks to big corporations.

The CBO agreed that would affect the economy adversely and the Republican-controlled House shared that view.

How did many liberals in Washington react to the CBO's estimate?

Rep. Sander Levin, D-Mich., said Obama's plan "will not stifle economic growth in any significant way."

Really? We suspect the 200,000 men and women who will get pink slips if Obama "wins" this issue view themselves as "significant."

Clearly, the president and liberal lawmakers do not.

 
 

 

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