Senator Bond says President Obama’s plan to let the Bush tax cuts expire is a job killer.
President Obama is asking Congress to let tax cuts put in place by the Bush administration expire, but only for those making $200,000 dollars or more or couples earning $250,000 or more.
Bond says the cuts need to stay in place across the board.
Bond says $200,000 is a threshold of earnings many small businesses claim, and if small business owners and farmers have to pay more taxes, they’ll hire fewer people. [Read more…]