To the Editor:

Why No New Jobs?

The anti-business agenda of Obama and the Democrats is a major factor. The only way a job is created is for someone to risk their money to start or expand a business. Anyone considering that must look at current and future economics. That look shows an increasing level of financial risk and headaches as Obama keeps pushing for higher taxes, higher energy costs, more regulation and more forced unionism.

New ObamaCare taxes for companies with more than 50 employees is pushing companies to expand overseas rather than at home. Uncertainty on future tax rates is a major investment risk, as Obama wants higher taxes on income and capitol gains. Obama has just introduced new tax idea- a 1 percent tax on all financial transactions-another job killer.

The Cap and Trade Bill would drastically increase all energy costs for businesses, particularly hurting manufacturing. That bill also increases taxes by 50 percent for any investment in oil and gas drilling. Those taxes are particularly hard on independent oil companies who drill 90 percent of US wells and are the companies that create new jobs. I am a one-person oil company and the tax increases on drilling would put me out of business.

New regulations continue to penalize business. Obama Care has a new accounting nightmare, that requires a 1099 for all financial business transactions over $600. Another idiotic new degree by Obama is that you can't use criminal records in hiring. This directly conflicts with State law that makes an employer libel if he hires a felon. Obama is still pushing for the card check bill, which eliminates the secret ballot in union elections. Forced unionism kills new job formation and even destroys existing jobs.

Why bother, leave it in the bank!

Tim T. Schowalter

Granby