Obama isn't for tax cuts

Obama's Tax Plan: Bad for Economic Growth | The Heritage Foundation:

Major Tax Hikes on the Horizon * The End Is Near: The 2001 and 2003 tax relief packages expire at the end of 2010. All taxpayers will see a steep tax hike in 2011 unless Congress acts soon. * Tax Cuts That Create Jobs: The 2001 and 2003 tax cuts that help small businesses create jobs include lower top marginal income tax rates and lower tax rates on capital gains and dividends. Each of these growth-promoting policies will expire. * Small Businesses Hit Hard: Small businesses that employ the most workers would be particularly hard-hit if the top income tax rates go up. * Now Is Not the Time: There is never a good time to raise taxes, because higher taxes always slow job creation. But raising taxes now, as the economic recovery remains weak and job creation is non-existent, would be an economic disaster.