Obama to the states: I'll make it easier for you to tax business 

When Republicans and Democrats clashed last year over whether to extend jobless benefits for the long-term unemployed, the question was over funding -- should we add to the debt or should we use unexpended stimulus money? Well, now that state unemployment-insurance trust funds are running dry, President Obama has finally announced his solution: Allowing the states to increase taxes on business.

From the Wall Street Journal:

The proposal would aim to restock strained state unemployment-insurance trust funds by raising the amount of wages on which companies must pay unemployment taxes to $15,000, more than double the $7,000 in place since 1983.

The plan, which would take effect in 2014, could increase payroll taxes by as much as $100 billion over a decade, according to a person involved in its construction.

One day after speaking before the U.S. Chamber of Commerce, where he talked about the need to allow business to create jobs, Obama provides a more "politically palatable" way for states to tax them. This is also two days after telling Bill O'Reilly in a Fox News interview that he didn't raise taxes once (even Politifact calls shenanigans).

I guess the lesson here is that whenever the president talks about how he's not going to raise taxes, assume the opposite.

About The Author

J.P. Freire

Bio:
J.P. Freire is the associate editor of commentary. Previously he was the managing editor of the American Spectator. Freire was named journalist of the year for 2009 by the Conservative Political Action Conference (CPAC). You can follow him on Twitter here. Besides the Spectator, Freire's work has appeared in... more
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