Kaine Supports Raising Taxes On Small Business Owners And The Job-Killing Healthcare Law

After announcing that he would raise taxes on small business owners in the Commonwealth, today former Democrat National Committee (DNC) Chairman Tim Kaine will visit the Peninsula Chamber of Commerce where he’ll double-down on President Barack Obama’s tax-and-spend agenda.  

Chairman Kaine vigorously fought for Barack Obama’s job-killing healthcare law, which raised taxes on small business owners in Henrico, Glen Allen and across the Commonwealth of Virginia.    

Notably, the Wall Street Journal reported that Kaine and Obama’s healthcare law amounts to the largest tax increase ever on the middle-class.

• “It is now undeniable that Mr. Obama has imposed the largest tax increase in history on the middle class. Individuals who don’t buy insurance will have to pay several hundred dollars, depending on income. The Congressional Budget Office says that 76% of those who pay the mandate tax will make less than 500% of the federal poverty level, estimated to be $24,000 for a family of four in 2016. That means 76% of the payers will earn less than $120,000 a year.” (Editorial, “It’s Up To The Voters Now,” The Wall Street Journal, 6/28/12)

“Not only does former Democrat Chairman Tim Kaine want to raise taxes on small business owners, he also supported ObamaCare, which is the largest tax increase ever on the middle-class,” said National Republican Senatorial Committee (NRSC) spokesman Brian Walsh.  “Given Chairman Kaine’s job-killing record, it’s clear he will always place his loyalty to President Obama over that of hardworking Virginians.” 

BACKGROUND …

TIM KAINE SUPPORTS RAISING TAXES ON SMALL BUSINESS OWNERS

TIM KAINE:  “I disagree with those Republicans who argue that the Bush tax cuts should be made permanent in their entirety,’ Kaine said Monday.”  (Seung Min Kim, Manu Raju, and Scott Wong, “Embattled Dems Buck President Obama On Taxes,” Politico, 7/10/12)

·      July 2012: “Virginia Senate Candidate Tim Kaine, The Former Chairman Of The Democratic National Committee, Prefers A $500,000 Threshold.”(Seung Min Kim, Manu Raju, and Scott Wong, “Embattled Dems Buck President Obama On Taxes,” Politico, 7/10/12)

KAINE HAS BEEN A VOCAL SUPPORTER OF OBAMACARE

TIM KAINE: “[I] Think Health Care Reform Is Going To Go Down In History As One Of The Great Achievements Of This President.” (CNN’s “State Of The Union,” 1/2/11)

·      Kaine Called The Health Care Overhaul One Of Obama’s “Proudest Achievements.” “So the president made health insurance reform a priority — and the Affordable Care Act remains one of his proudest achievements.”(Tim Kaine, Op-Ed, “The President’s Progress,” Politico, 12/31/10)