President Obama delivered another speech in his Economic Campaign Tour on Tuesday, where he continued “playing his greatest hits”….or misses, depending on your point-of-view.

The Weekly Standard posted yesterday that,

The New York Times reports that President Obama is reviving an old proposal to lower the corporate tax rate from 35 percent to 28 percent (and 25 percent for manufacturers). Obama’s push to lower the corporate tax rate to 28 percent comes less than a year after he raised the top individual income tax rate, paid by many small businesses, to 39.6 percent.

In a speech delivered Tuesday afternoon, Obama did not explain why he thinks it’s a sound economic idea to raise the top marginal tax rate on small businesses but lower it for corporations.

“Right now, our tax code is so riddled with wasteful loopholes that many companies doing the right thing and investing in America pay 35%, while the corporations with the best accountants stash their money abroad and pay little or nothing at all,” Obama said, according to the text of his prepared remarks. “I’m willing to simplify our tax code in a way that closes those loopholes, ends incentives to ship jobs overseas, and lowers rates for businesses that create jobs right here in America.”

Neither Obama’s Tuesday speech nor his February 2012 corporate tax reform plan explained in detail which loopholes would be closed. During the 2012 presidential campaign, the Obama campaign hammered Mitt Romney for not saying which loopholes he would close to pay for a proposed reduction in individual income tax rates.

Obama was singing a different tune last November, as thehill.com reported.

President Obama and his daughters visited an independent bookstore on Saturday to participate in “Small Business Saturday.”

Obama is urging Americans to shop at neighborhood stores as an alternative to big Black Friday and Cyber Monday sales by national chains. He also dispatched top White House aides to do holiday shopping at local small businesses on Saturday.

Obama has made a tradition of marking Small Business Saturday by visiting a non-franchise bookstore with Sasha and Malia. Last year, the president and his two daughters visited Kramerbooks & Afterwards Café in Dupont Circle.

This year, the trio visited One More Page Books in Arlington, Va., a short trip across the river from Washington, D.C. They stayed in the bookstore for just over half an hour, according to a White House pool report, and immediately returned to the White House.

Despite a lack of browsing, the president bought 15 children’s books during the stop. The White House reported the purchases will be given as gifts to family this year for Christmas. Obama explained that he prepared ahead, apparently consulting a Christmas shopping list on his BlackBerry.

“Preparation,” the president told shop owner Eileen McGervey, according to the report. “That’s how I shop.”

The federal government is offering stores free Small Business Saturday marketing materials and promoting the event on social and paid media in a partnership with American Express.

“From the mom-and-pop storefront shops that anchor Main Street to the high-tech startups that keep America on the cutting edge, small businesses are the backbone of our economy and the cornerstones of our nation’s promise,” Obama said in a statement Friday. “Through events such as Small Business Saturday, we keep our local economies strong and help maintain an American economy that can compete and win in the 21st century.”

As a matter of fact, Obama was on the side of Small Business Owners, as late as last February…

During the 2013 State of the Union Address on February 12th, Obama said,

Now is our best chance for bipartisan, comprehensive tax reform that encourages job creation and helps bring down the deficit. (Applause.) We can get this done. The American people deserve a tax code that helps small businesses spend less time filling out complicated forms, and more time expanding and hiring — a tax code that ensures billionaires with high-powered accountants can’t work the system and pay a lower rate than their hardworking secretaries; a tax code that lowers incentives to move jobs overseas, and lowers tax rates for businesses and manufacturers that are creating jobs right here in the United States of America. That’s what tax reform can deliver. That’s what we can do together.

We know that all of Obama’s promises have expiration dates. However, in a horrible economy, why is Obama trying to tax America’s Small Business Owners out of business?

You remember them…the people who actually create jobs for you and me.

That’s not the only problem America’s Entrepreneurs are facing.

Adding to Small Business Owners’ Burden will be ObamaCare, and the penalties for non-compliance.

Cato.otg explains,

If our small-business owner has 50 or more employees — or fewer full-time employees and lots of part-timers — he faces the prospect of tens of thousands of dollars in penalties under ObamaCare’s employer mandate if he does not provide “adequate” coverage to his workers.

The worst part is that these penalties will be triggered by factors that are unpredictable, unobservable, and totally beyond the control of our small-business owner. He could get hit with those penalties simply because a worker’s spouse loses or changes jobs. Or if a worker’s spouse moves out or dies. Or if an employee’s parents move in.

This creates so much uncertainty that a small-business owner with 55 employees may have to fire six of them just to eliminate that potential liability.

But if he splits his 60-employee small business into two 25-employee businesses, then the federal government — maybe the IRS — will start snooping around to determine whether he did so for legitimate business reasons or just to avoid the mandate.

Why is he doing this to the Backbone of Our Economy? I have a theory. (I know. You’re shocked.)

Remember the Obama-Biden Tax Plan?

The 40% tax rate on Small Businesses, which the Weekly Standard is referring to, was a part of that original plan, which Obama got passed during the Congressional negotiations over raising taxes on America’s “Wealthy”, the other folks who hire Americans.

Our Petulant President, like a little kid throwing a temper tantrum was determined to get what he wants. And, it appears that, what he wanted, was to tax America’s Small Business Owners out of existence…and replace them with those who he can control through Government Grants.

Think about it…if the Administration  can get rid of those Business Owners who are not obliged to them, say, those who vote Republican, and replace them with those who are indebted to Uncle Sugar for giving them the money to start their business, isn’t that, basically, creating a new voting bloc for Obama and the Democrats?

Just thinking out of the box, you understand…

And now, with his “Middle Out” Economic strategy failing miserably, because he’s taxing the Middle Class out of existence, he’s talking about lowering the Corporate Tax Rate, in order to get Corporations who have left the country due to the tax burden he and his fellow Democrats placed on them, to move back home, and bail him and his Political Party out.

Will expatriated American Businesses tell him to take his “Bargain” and shove it?

Does Moochelle like lobster?

Until He Comes,

KJ