Increasing taxes on big companies will limit job-creation +1
Reasons to agree: "Obama Could Skip the Class Warfare and Let the Oil and Gas Industry Create Jobs." Fox News. October 3rd, 2011: "President Obama conjured up his favorite boogeyman recently: the oil and gas industry. He reached for it when he released his job creation and deficit reduction package. Despite the fact that the oil and gas industry pays over $86 million a day in income taxes, royalties, bonuses and rents to the federal government, the president claimed that U.S. energy producers have not paid 'their fair share.' The president is proposing an additional $41 billion in new taxes on energy producers. This will result in higher energy prices, more oil imports, and in the end, few jobs in America. No wonder why the economy continues to be mired in an economic funk. President Obama is trying to exploit the misperception that the energy industry earns undo profits, when in fact it earned a net income of just 6 cents on the dollar. That compares unfavorab...