President Harry S. Truman liked to use an old quote: “Those who do not know history will repeat it.”
Well here we go again. In 1937, President Franklin D. Roosevelt decided the Great Depression was over, so he proposed a 0.5 percent raise in 1938 taxes. We had a recession to the Depression.
I remember it well. My dad lost his small store and we lived off the land for the next three years.
The 2013 tax raise along with the gasoline and other price raises are going to have a profound effect on some small businesses, and it will be especially hard on the low- wage earners.
What are our leaders thinking?