With Congress set to convene to tackle sequestration and the fiscal cliff, the talk has once again centered around federal budget cuts and their potential effects. Tax hikes are back on the table, according to a few prominent Republicans this weekend. A large number of difficult military cuts looms. But few are thinking about the other layers of public spending that will be affected. State budgets will see massive effects from a potent mix of direct spending cuts and revenue reductions based, ironically, on the expiration of the Bush Tax Cuts.

Barack Obama has yet again taken credit away from individual success and attributed it to the government, sending small business owners one simple message: “If you’ve got a business, you didn’t build that. Somebody else made that happen.” If this doesn’t further prove that Obama is unfit to lead a country based on the splendor of a free market system, then I’m at a loss as to what will.

Obama seems to have one goal in mind this election: creating an even greater gap between Republicans and Democrats. I must admit, he’s doing a great job of it, stoking class warfare and feeding the media and his supporters left-wing lies. Did you hear the GOP is nothing but a bunch of wealthy and corrupt people that have no interest in the good of the lower and middle class citizens?

House Speaker Nancy Pelosi (D-CA) and Senate Majority Leader Harry Reid (D-NV) have made it clear that they will strive to raise taxes on all families making over $250,000 annually on January 1st. According to Nancy Pelosi, “I see no justification for giving a tax break…for the wealthiest people in America…the tax cuts at the high end have increased the deficit enormously.”

Earlier today, Minority Leader Boehner pressed Nancy Pelosi to commit to an up-or-down vote on legislation that would stop all of the upcoming 2011 tax hikes before Congress adjourns for the fall.

During President Obama’s speech in Cleveland, he indicated that he still wants to raise taxes on small businesses making over $250,000 a year on January 1st. He criticized House Minority Leader John Boehner for wanting to extend  tax cuts to the "rich" claiming that these were "not new ideas." He stated: 

In 2001 and 2003, Congress passed a series of tax cuts that lowered income tax rates for all Americans. These Bush-era tax cuts expanded the economy by giving all individuals more incentives to create wealth. Unless Congress acts now, all of these tax cuts will expire on January 1, 2011. Unfortunately, Speaker of the House Nancy Pelosi (D-Cali) wrongly claims that these Bush-era tax cuts have not had a positive effect on the economy, The tax cuts for the wealthiest ...