Obama is promising to take the cap off of the social security taxes that a business pays. This means for most business paying an extra 7.5% taxes off the top.
For me to pay this extra tax I am going to have to lay off some of my low level workers because I can not lose my sales force and management. And I am sure that most companies are going to have to face the same choices.
Personally I think you would have to be a fool to risk people’s jobs to vote for Obama.