Tuesday, March 16, 2010

Unintended Consequences

Today on Morning Joe, Jim Cramer talked about some of the anticipated effects of 'health care reform' being passed. Just what does Cramer anticipate? Take a look:

According to Jim Cramer, should Obamacare pass, income tax rates will jump into the 50-60% range, it will "break the [federal] budget" and will likely cause capital gains and dividends to be taxed at the income tax rate. Do I need to tell you what the tax increases alone would do to our economy? It's important to note that these are not included in the CBO analysis of the bill, they are the professional opinion of investor, Jim Cramer.

H/T: Mark Finkelstein @ Newsbusters

Please take the time to comment! Click the Comment Link adjacent to the Post Title.

0 People Have Had Their Say:


I Am Classicaliberal And You Should, Too!. Copyright 2009-2010 All Rights Reserved Revolution Two Church theme by Brian Gardner Converted into Blogger Template by Bloganol dot com Background Image Courtesy bama287