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Originally posted by XD9611
reply to post by David9176
you are so very right about word play..
this president does an obviously bad thing for this country, then comes out later and condemns those same actions HE initiated!!
Originally posted by poet1b
The people who want to blame Obama for our current economic woes are nothing but propagandist who desire to divert the blame from the people on whom the blame squarely belongs, the repub admin that just left office.
If you think Obama can just wave a wand and solve all the problems that have been created by 8 years of gross mismanagement of our nations economy, then you are simply not being realistic.
Originally posted by poet1b
reply to post by jsobecky
I'm not sure how Obama has lowered the bar down to the $250K income level, but if he is hitting people people who run small businesses, then that is a bad thing. Something should be done to lower tax rates on small, legitimate businesses that put people to work, and lowering tax rates on workers would be a good way to go.
The average working guy gets very little from the federal government. They aren't collecting welfare or getting benefits from medicaid, they aren't producing major levels of pollution, or conducting business across state and federal borders, they aren't producing products that might not be what they are advertised to be, or that might be very harmful, or dishonest in nature, so the role of the federal government has very little benefit for people who earn their livings by selling their skills on the market. They aren't running overseas operations that require military protection.
The federal governments tax rate on businesses that operate within state borders should be very minimal. The goods and services that cross state and federal borders should be paying for federal government, not local businesses, or individuals not conducting commerce that crosses these borders.
As far as the people who earn $250K plus working for big corporations either directly as upper middle management or lower level executives, or indirectly as consultants or lawyers, they are all bag men for the corporate elites in my opinion, which is why their jobs managing overseas production still exists. They should be paying higher taxes. Add to that all these people who make their money playing the stock markets like gambling casinos. How many of them are nothing more than parasites on our economy.
Originally posted by poet1b
reply to post by Jessicamsa
Could you be more specific, because I remember the Joe the Plumber incident, but that was dealing with taxes before Obama ever took office. Maybe you can point out just where Obama is planning on raising taxes on small businesses.
A politically hyped incident usually has more opinion, and a whole less actual point on which to base that opinion.
"We asked about the tax increase because there was this perception it would kill the entrepreneurial spirit, that these people were earning more and that's the American dream," said Ryan Scully, director of Discover's business credit card. "But the majority doesn't earn over $250,000 and won't be impacted."
According to Benjamin Harris, a senior research fellow at the Tax Policy Center, a joint venture of the Urban and Brookings Institutes, only a small portion of the sector will see rate hikes, because few companies both make a quarter of a million dollars and pass their profits on to the employer's tax return.
"We estimate that, all in all, only about 2.2 percent of small business units will see a tax increase, and that's just because so few people fall into this category," he said.