This is a fairly serious article on the economic impact of the Obamunist program of tax hikes that are planned for us. In the words of the Warren Zevon song: “It ain’t too pretty at all.”

Obama Tax Hikes: The Economic and Fiscal Effects

Since 1996, Congress after Congress has voted to lighten the tax burden on Americans. The current Congress will decide this fall whether to continue this policy or to significantly raise personal income taxes. President Obama has advanced a plan that reverses the long-standing successful policy: The President and his supporters are calling for tax increases, primarily on upper-income taxpayers and businesses— including small businesses, the primary job creators in the country. Those who will be most burdened if this plan becomes law are the millions of Americans just starting their economic lives and the millions more trying to find work after the worst recession in 60 years. The rest, whose lives are affected by the investments and business decisions of those taxpayers in the high-income classes, will share the burden. No income earner will be unscathed.

…or, to carry the lyrical comparison a bit farther with Rod Stewart’s “Every picture tells a story, don’t it?”:

Click on image for larger version.)

So…South Dakota looks to take a hit from all this…estimate job losses from this tax hike of 1820-2320 jobs lost per year, from 2011 through 2020. Oh, joy.

There are a lot more gory details in the article, on how these tax increases are NOT the way to grow the economy, but they ARE a dandy way of the Washington “progressive” establishment to increase its power over us.

At least if taxes are raised, they can be cut again…eventually…perhaps not until after 2012.