Source: The Wall Street Journal
Things are changing in America, from economics to politics, to elections. The public sees a supposed economic recovery that seems quite short on job creation, as employment and underemployment remain high. They see higher taxes coming: ObamaCare’s new 3.8% tax on investment income, plus the expiration of the Bush tax cuts, which will mean higher taxes on all income, including dividends and capital gains. On top of all that, the nonpartisan Congressional Budget Office now says nearly six million Americans will face a tax penalty of about $1,200 under ObamaCare for not getting insurance, and that will take an additional $6.9 billion from the public to the government in 2016. The national debt exceeds $16 trillion and is expected to keep rising.
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