That's the headline of the story in the online WaPo today, which begins with pretty much all you need to know:
"Last year, even as he struggled through the worst of the recession, Chris Upham said revenue at his District-based real estate and construction businesses doubled -- allowing him to hire two agents.But Upham said he hasn't increased his staff thus far in 2010 and he doesn't expect to for the remainder of the year.
That's because his taxes rose sevenfold. And he said he anticipates they'll increase again if the Bush tax cuts for people earning $250,000 and above expire at the end of the year.
As small businesses try to plot their recovery, attention is turning to what many owners consider burdensome policies -- higher taxes, new accounting procedures and health-care mandates. Even as the government tries to help with an array of small-business initiatives, many owners say the intervention is as much a hindrance to hiring as the faltering economy."
This totally jibes with the Kevin Hassett op-ed in last week's Wall Street Journal.
So while Obama and the Dems have their deathbed conversions here as they face grim prospects for the elections, keep this in mind. They will try to throw money at the problem, without realizing that the best course is lower taxes and less regulation. Luckily for many Dems, looks like they'll have lots of idle time to ponder that after Election Day.