Most people know about Obama’s trillion dollar budget planned passed by The Senate and it is giving a lot of Republicans, among others, worried about what this will do to the future generations. With the new budget plan, there will have to be higher taxes to pay it off and will leave our future generations with a ton of debt for our actions today.
Minnesota Gov. Tim Pawlenty says that President Obama talked about tax relief, but his new budget wont be any help on providing tax relief.
“I thought President Obama's proposal to eliminate capital gains taxes for small businesses was a pretty good idea. And his pledge to lower taxes for middle-class Americans was something Republicans wholeheartedly supported," Pawlenty said in the GOP radio and Internet address. "But the budget that Congress is considering doesn't provide that tax relief."
Obama’s new administration is allowing small businesses to have capital gains taxes, but those taxes will remain high even after Obama is out of office.
Referring to Obama’s 3.6 trillion budget proposal, Pawlenty says “The federal government should keep a lid on taxes, control government spending and borrow less -- rather than increase the size and scope of the federal government so much that
I think that the government should find new ways to help increase jobs instead of just spending more and more money, when