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Wednesday, November 17, 2010

Dems Delay, May Not Pass Vote To Keep Taxes From Increasing

I have said from the beginning that there is no reason to think Democrats will not raise taxes by tabling the issue until the next Congress. It seems as though this is becoming a real possibility, as both Obama and Democrats in Congress have delayed any vote on the matter until at least December.

Never mind that most companies use payroll processors to cut employee checks and therefore need a minimum of a few weeks notice, but the uncertainty is also a big economic risk that businesses (and consumers) hate.

Perhaps they really are believing their own hype that this election was just a fluke and not a mandate from the American voters. Tax and spend, baby.