One reason recovery from the “Great Recession” has been so lackluster is that job creators – investors and companies with money to expand the economy – have been worried about what the federal government will do to them next.

President Barack Obama is proposing massive new taxes, about $320 billion of them during the next 10 years. No doubt the president will attempt to “sell” his plan by the tired strategy of claiming it will affect only “the rich.”

It will not, of course. The president’s proposal for higher capital gains and inheritance taxes, along with new fees charged to big financial firms, will limit investment in job-creating business expansions and new enterprises.

With help from liberals in Congress, Obama already has increased the top-rate capital gains tax to 23.8 percent from the 15 percent it was when he took office. Now he wants to set it at 28 percent.

That job-killing initiative should not get serious consideration by Congress.