Raise Taxes- Really?!

Really?! You want to raise taxes on everyone making more than $250,000 annually and on corporations?
Really?!

Let's walk through this for a moment...
If I were the hypothetical owner of a small business that had $15 million in revenue I could employ up to 100 people. I might make almost $500,000 a year personally. I just found out that both my personal and business taxes are being raised. What will I do?
1) My first response will be to raise prices to cover the increase in tax expenses. But this looks like a very difficult thing to do in our current economy. I need sales volumes to stay up.
2) I'll contact my lawyer and CPA and ask about how to avoid the full increase. But that doesn't offer a lot of hope.
3) I might hope that the economy gets better fast. I need my sales to pick up almost 20% to make up for the extra expenses. But once again, this economy isn't offering much hope of that.
4) Left with no other choice, I need to get rid of some employee overhead by firing some of my workers. How many? Let's start with 20% (20 jobs if I employ 100 workers). This allows my income to be mostly protected, and actually gives me less people to manage.

Option #4 is an obvious choice in this situation for business owners. They took the necessary risks to start their businesses, and they will take the necessary steps to protect them. Firing employees is the natural reaction to a large tax increase.

So now we have less jobs, and less people spending money. This leads to fewer sales and less company revenue. Now I need to fire some more workers. Anyone else feel like we are falling?

In the meantime, business owners will invest less in the stock market, fearful of losing liquid cash that may be needed for taxes. They will also buy fewer cars, houses, etc. So in essence, we are encouraging our biggest shoppers to stay home and worry about taxes.

Great plan! Really encouraging!! I bet Pelosi loves it!!!