by: James Hall
July 4, 2012
Hold on to your socks, the part time hiring of employees will become the new normal. The biggest prohibitive hit against job creation is in full motion. The consequences from Obamacare place a drag on the economy that is undeniable. This mugging of small business will guarantee that the primary engine of employment will sputter and knock, as the federal government forces higher and higher taxes on the last semblance of free enterprise.
Do not ignore the significance of this seminal moment. Forget about any economic recovery on Main Street. The unemployment stats will be stuck in a permanent loop, as the gross domestic product stagnates, at best. The more likelihood is that the characterized “double dip” recession will experience a full-blown depression. Government’s response will inflate prices in a feeble attempt to stave off deflation retractions.
Ponder the fallout of this escalated assault on the middle class. Larry Kudlow portrays in John Roberts Is a Super-Taxer the Supreme Court ruling as a dangerous precedent.
“The Roberts court has served up a “tax mandate” that is more powerful than the still-limited Commerce Clause regulatory mandate. Roberts has created a huge new loophole. Instead of new purchase mandates, we’ll have new purchase tax mandates.
Americans for Tax Reform estimates that Obamacare contains 20 new or higher taxes on American families and small businesses. Investor’s Business Daily says this comes to a $675 billion tax hike over the next decade.”