To the Editor:
President Obama's only solution for the economy is to raise taxes and throw money at our problems. His latest plan to raise taxes is more evidence that he does not understand the economy or how to help the middle class. In the face of 41 straight months of unemployment above 8 percent, we finally have his plan to get this economy going again and it's a tax increase.
Half a million fewer Americans are working today than the day Barack Obama took office, with over 13 million unemployed. Many have given up hope of ever finding work. We've just come through the worst job creation quarter in two years and the last thing we need is a tax hike on families, job creators, and small businesses.
If you look at the President's budget, it contains one of the largest tax increases in American history. When combined with the litany of tax increases in Obamacare (over $500 billion) it shows that the President has no plans for the economy, with raising taxes as his only solution. His tax-hiking strategy is so out of touch with economic reality that even his advisors and most ardent Democratic supporters oppose his position. Democrats like Bill Clinton, Larry Summers, Claire McCaskill just to name a few disagree with President Obama's plan.
Mitt Romney knows that job-killing tax increases will hurt our troubled economy even further, and he has a plan to lower the rates and broaden the base without increasing the deficit to encourage growth and investment. As governor of MA, he worked with a legislature that was 85 percent Democrat and still cut taxes 18 times. Finding the state with a $3 billion deficit, he left it with a $2.3 billion rainy day fund. This is a man who can create an atmosphere that will produce a stable, steady economic climate that will instill confidence in the business community, who will in turn risk capital and reinvest in new jobs, inventory, and hiring. He will permanently lower marginal rates, help middle-class Americans save, invest, and jumpstart economic growth and job creation.
On Nov. 6, Americans can choose more of a dismal future with our freedoms and monies increasingly stolen by the government, or we can vote for Mitt Romney and a brighter future.