Quantum Windbag
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- May 9, 2010
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I really want to know what Obama means when he says he supports small business, so I want to know what he means when he says small business.
The SBA has this definition.
Does that make Southwest Airlines a small business?
It goes on to "narrow the definition by size.
[/quote]Depending on the industry, size standard eligibility is based on the average number of employees for the preceding twelve months or on sales volume averaged over a three-year period. Examples of SBA general size standards include the following:
[/QUOTE]
What is SBA's definition of a small business concern? | SBA.gov
OK, Southwest is probably not a small business, but there is a lot of room for a company to make a lot of money, have a huge number of employees, and still be a small business. In fact, those numbers cover almost 95% of companies in the US. It also leaves a politician a lot of wiggle room when he claims he supports small business.
The real problem is that Obama is also arguing that anyone that makes over $200,000 a year needs to pay more in taxes. Given that that income directly impacts a lot of companies that are defined as small businesses. Is paying more in taxes something Obama actually thinks helps businesses?
Does anyone know what Obama means when he says those words? Is there an official dictionary that helps progressives understand him? Can I get a copy?
The SBA has this definition.
SBA defines a small business concern as one that is independently owned and operated, is organized for profit, and is not dominant in its field.
Does that make Southwest Airlines a small business?
It goes on to "narrow the definition by size.
[/quote]Depending on the industry, size standard eligibility is based on the average number of employees for the preceding twelve months or on sales volume averaged over a three-year period. Examples of SBA general size standards include the following:
- Manufacturing: Maximum number of employees may range from 500 to 1500, depending on the type of product manufactured;
- Wholesaling: Maximum number of employees may range from 100 to 500 depending on the particular product being provided;
- Services: Annual receipts may not exceed $2.5 to $21.5 million, depending on the particular service being provided;
- Retailing: Annual receipts may not exceed $5.0 to $21.0 million, depending on the particular product being provided;
- General and Heavy Construction: General construction annual receipts may not exceed $13.5 to $17 million, depending on the type of construction;
- Special Trade Construction: Annual receipts may not exceed $7 million; and
- Agriculture: Annual receipts may not exceed $0.5 to $9.0 million, depending on the agricultural product.
[/QUOTE]
What is SBA's definition of a small business concern? | SBA.gov
OK, Southwest is probably not a small business, but there is a lot of room for a company to make a lot of money, have a huge number of employees, and still be a small business. In fact, those numbers cover almost 95% of companies in the US. It also leaves a politician a lot of wiggle room when he claims he supports small business.
The real problem is that Obama is also arguing that anyone that makes over $200,000 a year needs to pay more in taxes. Given that that income directly impacts a lot of companies that are defined as small businesses. Is paying more in taxes something Obama actually thinks helps businesses?
Does anyone know what Obama means when he says those words? Is there an official dictionary that helps progressives understand him? Can I get a copy?