I guess the basic difference in plans is that Democrats believe that there is a specific amount of money in the system and you must move it around and setup controls to make sure the system is fair. Republicans believe that there is never a limit to the growth potential of the US economy and growing the economy means more money for people and government (balancing inflation in the process).
I tend to believe in cause and effect and that any change in policy creates change in the economy. So let’s follow the impact of Obama’s changes. He wants to increase coporate tax rates. Most people say, “good it is not me”. But most people work for a company. Many people work very hard and would like more help. Where does the money come from to hire that help or give you a merit increase or bonus? That money comes from the profits a company makes. Well more of that profit is going to be taken by the federal government. Which means it is being taken from you and everyone that works for that company. In some cases companies will have another option, they can raise the price of the goods and/or services they offer to help protect their employees and shareholders. In most cases it will be a balance of the two. So your 5% increase will become a 2% increase, the people you thought you were going to get to help out will not be hired or be delayed. And the price of what you offer will be increased but so will the price of every service your company receives. Then the money you take home will buy less as the price of gas, food and most other items begins to rise.
If you have lived at all, I am sure you have seen it in economic slowdowns or tight competitive markets. I know that I have seen it four times in my current position(s) over the last ten years. In many cases it is just the facts of doing business. The frustration here is that we are going through those struggles already and now we are talking about adding an artificial burden that will deepen that impact.
