Budget and Taxation

The Minimum Wage Increase And Unemployment 

Originally Posted At Republican Study Committee
July, 2009

On January 4, 2007, when the Democrats took control of the U.S. House of Representatives, the minimum wage stood at $5.15 per hour and the unemployment rate was 4.6%. On May 25, 2007, the Democrats enacted a plan to raise the federal minimum wage from $5.15 to $7.25 over three increments. As evidenced by the above chart, rising unemployment since 2007 has coincided with minimum wage increases. So Chairman Miller was right: life has dramatically changed for millions of people. 
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A New Small Business Surtax = New Small Business Job Killer 

By The J.E.C.
July 15, 2009

Larry Summers, director of the White House National Economic Council, recently opined: “I don’t think the worst is over... It’s very likely that more jobs will be lost. It would not be surprising if GDP has not yet reached its low.”i This is cause for concern at a time when unemployment, at 9.5%, stands at its highest level in 26 years. An additional 2.6 million American workers have lost their jobs since President Obama took the oath of office. More jobs were lost in June than in May. Against this backdrop, congressional Democrats want to increase taxes on the engines of job growth and innovation for our economy – small businesses. 
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Taxpayers in 39 States Could Pay a Top Tax Rate Over 50%

Originally Posted At Tax Foundation
By TF Staff
July 15, 2009

Fiscal Fact No. 178
New taxes to fund the federal government's plan for higher health insurance spending continue to be debated in Washington. According to a new Bloomberg report, the top surtax rate will be 5.4 percent in the House plan.[i] That will be the top rate in a three-tiered surtax aimed at high-income tax returns...
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Recent News

Democrats Wave Social Security Bloody Shirt

September 2, 2010
FactCheck.org says White House and Democrats are distorting Social Security issue:  "The president claims Republican leaders are as eager to 'privatize' Social Security as they are to repeal his health care law. That's not true."
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Source: Examiner.com
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Source: FactCheck.org
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