The Journal concludes:
This will be sold in the name of "fairness," if anyone else in the press corps notices, but the worst implications are economic. The 0.9% increase is another tax on job creation, though Democrats claim they want more jobs. The devious 2.9% hike on investment income will raise the cost of capital, though Democrats claim to want more capital investment. Sometimes we wonder if Democrats even listen to their own rhetoric, or if they assume voters are too dumb to notice their contradictions. If Americans need another reason to oppose ObamaCare, or more evidence of its destructiveness, here it is.
These higher taxes, quite simply, mean reduced incentives and resources available for starting up and building businesses.
Raymond J. Keating
Small Business & Entrepreneurship Council