American Small Businesses are the job creators.

Discussion in 'Economy' started by Dante, Nov 11, 2010.

  1. Dante
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    Dante On leave Supporting Member

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    American Small Businesses are the job creators. Not the GOP Fat Cat Friends.

    1. What is a small business?

    Frequently Asked Questions

    The Offce of Advocacy defines a small business as an independent business having fewer than 500 employees. (The definition of "small business" used in government programs and contracting varies by industry; see www.sba.gov/size.)


    the president said, “keep in mind that what we've proposed is to extend the Bush tax cuts for all income up to $250,000…If you're making $300,000, you'd still get a tax break on the first $250,000 worth of income. You'd pay a slightly higher rate on the $50,000 above that.”‪

    He said “the reason I think it's important for us to do this is not because I'm not sympathetic to small businesses. It has to do with the fact that … 98 percent of small businesses actually have a profit of less than $250,000.”‪


    - Republican Small Businessman Chats Tax Cuts With President In Iowa Backyard - Political Punch


    [​IMG]
     
  2. Dante
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    Dante On leave Supporting Member

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    "Some Republican leaders actually treat this unemployment insurance as if it's a form of welfare," the president said. "They say it discourages folks from looking for work ... And we all have friends, neighbors, or family members who already know how hard it is to land a job when five workers are competing for every opening."

    Obama said that while denying unemployment benefits to workers, Republicans have no problem spending money on tax breaks for wealthy Americans who don't need them.


    - Obama: Republicans block tax cuts for small business | Raw Story

    Where is the President wrong? Did or did not the GOP block tax cuts for small businesses, the real job creators?
     
    Last edited: Nov 11, 2010
  3. California Girl
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    All of the private sector creates jobs. Public sector jobs are a drain on the economic well being of any country. Fact.

    Stop whining about 'big corporations' and start whining about an expanding government. Every job that government 'creates' costs two private sector jobs.
     
  4. Oddball
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    Oddball BANNED Supporting Member

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    Leave it to that arrogant, overbearing commie stooge to go around proclaiming who needs what they've earned and who doesn't. :rolleyes:
     
  5. Revere
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    They taxes on personal, not corporate income. They have more than $250,000 a year taxable income and you want to kneecap them.

    Tax cuts for people with incomes more than $250,000 are tax cuts on small business.
     
  6. Dante
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    Dante On leave Supporting Member

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    Wow! Apologists for killing America's Middle Class in favor of adding $700 billion dollars to the national debt for tax cuts for America's wealthiest, have come out to disparage and deflect.

    nothing much changes
     
  7. Dante
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    Dante On leave Supporting Member

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    juts the facts ma'am

    [​IMG]


    not much of a difference until one gets over $1 million dollars

    "Some Republican leaders actually treat this unemployment insurance as if it's a form of welfare," the president said. "They say it discourages folks from looking for work ... And we all have friends, neighbors, or family members who already know how hard it is to land a job when five workers are competing for every opening."

    Obama said that while denying unemployment benefits to workers, Republicans have no problem spending money on tax breaks for wealthy Americans who don't need them
    .


    - Obama: Republicans block tax cuts for small business | Raw Story
     
    Last edited: Nov 11, 2010
  8. California Girl
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    This is really basic economics:

    The Private sector creates wealth.

    The public sector consumes wealth.

    Every public sector employee costs jobs in the private sector.

    These are facts, not opinions.
     
  9. Revere
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    What is Obama's competence at targeting specific industries and giving them very narrow parameters within which he will subsidize them?
     
  10. Dante
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    Dante On leave Supporting Member

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    Wealth in the hands of a few is not what America needs.

    Extending the Bush tax cuts for people making over $250,000 a year over the next ten years would require borrowing $700 billion.

    The GOP blocked tax cuts for small businesses Obama: Republicans block tax cuts for small business | Raw Story
     

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