How can you call it giving small business tax breaks...
Posted By: sam on 2008-09-08
In Reply to: Obama wants to give small businesses tax relief not...sm - Gus
that are minute at best, and then raise their personal tax (the money they take care of their families with) at a higher rate? Makes absolutely no sense.
He wants to raise taxes even more on large corporations...who employ what percentage of the US work force? That makes us even less competitive with foreign countries in the labor market. What part of that can you not understand? When you raise their taxes they either offshore or downsize. That is the nature of the beast. And when he says "record profits" you just buy that and he won't give specifics, because if he did, you would see the fallacy of the thinking. What he needs to be reporting is the profit margin...not the "profit." It costs multimillions to operate an oil company. And "big oil" is a major employer and a huge part of many states' economies...Oklahoma, Texas, Alaska, to name a few. Oil companies and the companies that provide goods and services to oil companies...HUGE part of the nation's economy. Do all the employees of oil companies and the companies that provide goods and services to oil companies...do all of them deserve to get the ax because the people at the top of the chain make a lot of money?
You should check out what the big union higer-ups make. Certainly more than their members will ever see. But you don't hear Democrats talking about disparity in income in unions, now do you?
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So giving tax breaks & loopholes to the
ultra-wealthy top few percent & the corporations, and incentives to offshore, (the republican way), thereby putting us in the economic crisis that we're in right now & during the Great Depression is really a great plan that works so well... NOT. It took a Democrat to un-do the republican mess during the Great Depression, and it's going to take a Democrat now to un-do Bush's economic nightmare he's created for us. Time and time again, every republican creates a recession and/or depression, and we have a thriving economy under Democrats, and I can understand corporations and ultra-rich people voting republican, but I have no respect for any working person who votes republican because they're just not bothering to pay attention. And thanks a lot for the Bush nightmare by the way.
small business
Me and DH own a small recreation business, and quite frankly, a few years ago, when the gas prices started getting out of control is when our business started hurting. We are taxed individually, not as a corporation, so I don't see anything in O's tax plan that would hurt us. Maybe help us a bit. Most small business owners aren't making a large fortune, those are the big corporations who have so many dam@ loopholes anyway!
As an IC, I'm considered a small business, so
but not really sure which will benefit me the most. ICs must all think like small businesses and consider taxes based on that, not as individual taxpayers.
I actually don't agree with either one on all tax issues, so I'm still on the fence. I doubt Barack will be able to enact and MAINTAIN the tax cuts he has promised. I agree with giving seniors a break on taxes when they are on a limited budget, for example, but Barack has said seniors making less than $50K. That means if they make $49K (which is more than I make, BTW), they don't have to pay ANY taxes?? Lower that amount a tad and I might see it as reasonable, but a senior making more than me, receiving senior discounts, Medicare, etc., and then not having to pay taxes. Seems a little off balance somehow.
And simplifying tax preparation isn't one of my top priorities, I have TurboTax for that. A lot of his other tax proposals pretty much mirror McCain's so I don't see much difference there, like the R&D, small biz, etc. I like his ideas on taxes, but IMO, his website is full of promises that he will have a VERY hard time fulfilling.
I like that Barack addresses credit card practices. I feel this is a BIG problem. Good creditworthy people are getting screwed by shady practices of credit card companies left and right. I don't see where McCain has addressed this.
I like McCain's summer gas tax holiday, lowering gas prices in the summer, since historically, gas prices always climb through summer especially around the holidays. I also like his HOME plan, as this would make the people truly affected by subprime loans eligible to trade their mortgage. But probably what I like most is McCain's view on healthcare - restoring control to the PATIENTS. I know people that live in countries with Government provided healthcare, and they do not have any more control over that than any of us with paid insurance policies do. I feel the only way to change this issue is to crack down on the insurance companies, force their hands to make premiums more affordable, make them honor their premium terms, limit their restrictions on patients and pre-existing conditions, and do not allow them to tell patients what procedures they can and can't have and what doctors they can and can't see.
If it is a small business, then it is exempt from this - nm
x
And think of the small business owner...sm
The SBO who has a small staff, who then would have a jump in payroll but no jump in income, unless of course he raises prices, but the SBO already has trouble competing with the huge box/chain stores. Raising the min wage ends up screwing the SBO who are the backbone of free enterprise in this country.
It's not propaganda. I know one small business owner...sm
who says he will have to do this, should he get over that hurdle of his business growing to being over 250,000, he will then have to pay more taxes under Obama, and won't be able to. I believe him when he tells me this. I've heard other similar stories in the news (and not Joe the plumber either).
Why must you call it propaganda, when some of us know real, live people who run these businesses, who will be forced to cut back on employees, and/or decide not to expand. They won't be able to put money back into their business to grow it because they'll be taxed to death. and may eventually go out of business or go elsewhere, because they won't be able to afford being in business under Obama.
These are real people, with real concerns, not propaganda.
That's why a lot of them are voting for McCain next month.
we had a small business, you deduc everything including the kit sink! sm
coming out 250K after deductions you are sitting pretty. Deductions include payroll, etc. You are the owner of a company and with clear earnings after deductions of 250K you are better off than the majority of families in the US.
Combined income or small business making 120,000 or higher
will be taxed big time instead of the 250,000. It could down lower to where anyone making 42,000 or higher will be taxed big time. He keeps changing his mind, but we will for sure see if he wins.
Palin, the candidate that just keeps giving and giving...
x
Kenya has no business in the business of the U.S.
I may be an idjit myself and I am certainly the most cynical of the cynical. While I'm about it, I think Obama's mom was a bit of an idjit for making the decisions she made in life but I guess that was her business.
As for GWB, he certainly does deserve some discussion. Like why did he not straight away pardon those 2 border patrol agents who were the target of the worst miscarriage of justice I have personally ever seen? Could there be something synister there? I think so.
I am most certainly NOT a liberal and by the heart of conservatives, I am NOT a conservative either. I do agree with them (if they really believe it) that abortion and gay marriage are wrong. HOWEVER, my opinion being stated, I believe those are moral issues and as such belong to God and not the government. I also do not believe God requires my assistance in passing judgement on them.
Soooo....with all the problems we were facing, t here are many more important issues than Obama's birth certificate. I drug my feet in voting for Obama but I do have a glimmer of hope that he is working to at least get some plan in place for the day he is inaugerated. Everyone deserves a chance. The American people have spoken so it's time to put this b/c nonissue to rest and get to the business of importance...like millions of people projected to be unemployed and the worst economic crisis since the Great Depression, which if something isn't done and soon we are headed for the worst times most of you have ever seen and you'll have enough to worry about just wondering how you're going to put food on the table.
allow the tax breaks for the
richest to expire. He has clearly outlined his plan. Look it up. Quit repeating nonsense. It does not get any truer, no matter how many times you repeat it.
Tax Breaks
I don't quite understand the point of your post. "They get a bigger return" What does that mean? Obama's economic plan calls for tax breaks for the middle class.
Tax breaks for the wealthy has been the linchpin of the Bush administration's economic strategy for eight years. That's why it's such a talking point. The wealthy have access to far more tax breaks and tax havens and shelters than you or I, so they often end up paying little or no taxes.
So which is it, tax breaks under 250, under 200, or under 150, hmmm???
http://www.youtube.com/watch?v=vJvkRFKGgGw
http://www.youtube.com/watch?v=zAEE1_IUycs
It actually very rarely breaks, but
yes, we do repair the little things when they go. Like I said, the rear end was the big one. Other than that, I have put in a starter and 3 alternators--but I bought one with a lifetime warranty, so whenever it goes, I go get a new one for free--it's a 20 minute job to change it out. Serpentine belts and regular maintenance. that's about it. It's a good old truck, but the interior is falling apart.
My problem is that tax breaks to should to those
nm
I took it for what it IS -- companies getting TAX BREAKS
Although English grammar & keyboarding can be taught to just about anyone, the deep-down knowledge of language, word & phrase patterns, ability to spell and acute hearing are things you're either born with, or your're not.
Bottom line: American work should be done in AMERICA. Let India and Pakistan support their growing middle class some OTHER way, because the United States is losing their middle class. If something doesn't change, there will only be 2 classes in this country - the very rich, and the very poor. The middle class, which USED to support both of them, will be nonexistent.
When the bough breaks........
Why is it that as the Dow falls, Obama's approval rating climbs?
The Stock market was never a good idea in the first place.
Satan himself could not have devised a better way to suck the benefits of hard work away from those who earn it, reducing the workers to virtual slavery and transferring the wealth to those who do no real work themselves, but use it to {gamble} buy more future earnings away from those who actually do the work.
Profits from Investments in the Stock market are not earned
Minorities get all the breaks
so that might not be a bad thing. ;-)
That last link, w/the Iraq veterans, breaks...sm
My heart, and makes me furious at the same time. Why isn't John "did-I-mention-yet-today-that-I-was-a-POW-for-5-years?" McCain more supportive of GI benefits? Anyone? Cause I'd love to know how he's justified it.
Bush Breaks Nation's Promise to Veterans
This isn’t new (it’s from May), but it’s the first I saw it. I found it interesting but not surprising. Our Veterans deserve much better.
The source is: http://www.americanprogressaction.org/site/pp.aspx?c=klLWJcP7H&b=727693&printmode=1
VETERANS
Bush Breaks Nation's Promise to Veterans
Appearing yesterday at the Arlington National Cemetery to honor generations of sacrifices by American servicemen and women, President Bush said, "At our national cemetery, we take comfort from knowing that the men and women who are serving freedom's cause understand their purpose and its price." Yet the reality has been that the administration that most recently has sent those men and women to fight for freedom's cause has failed for live up to government's age-old promise to "care for him who shall have borne the battle and for his widow, and his orphan."
BUSH'S 2006 VA BUDGET HITS VETERANS HARD: President Bush's 2006 budget proposal included legislation that would raise veterans' premiums more than 100 percent on prescription drugs and add an annual $250 enrollment fee for veterans who want care for conditions not directly caused by military service and who generally earn more than $25,000 a year. The administration has recommended these same proposals in each of the past few years, only to have them beaten back by Congress each time. The user fee would increase costs for nearly 2 million veterans nationwide.
WAR VETERANS EXCLUDED FROM COST OF WAR ON TERROR: Conservatives in Congress rebuffed an effort to include $2 billion in emergency money for veterans' health care in the recently passed $82 billion Iraq war supplemental. The president's request increased the VA budget a mere 2.7 percent (including the increased co-pays and enrollment fees), hardly sufficient to deal with an expected influx of Afghanistan and Iraq war veterans in the coming years. Nearly 28,000 soldiers who served in Iraq and were discharged have already sought care at a VA facility. Of the nearly 245,000 veterans of Iraq and Afghanistan already discharged from service, 12,422 have been in VA counseling centers for readjustment problems and symptoms associated with Post-Traumatic Stress Disorder. VA Secretary Jim Nicholson has said the budget circumstances are not "dire," yet Senate Veterans Affairs Committee Chairman Larry Craig (R-ID) was forced to increase the 2006 budget request by $1 billion. Dave Autry, a spokesman for the Disabled American Veterans, said, "Vets are owed a debt and the government has said they are eligible for health care. The government needs to pay for it. It's a continuing cost of our national defense."
BUSH WANTS TO SHUT DOWN VETERANS HOSPITAL IN HIS OWN BACKYARD: Veterans in Bush's backyard, near his ranch in Crawford, Texas, are protesting his administration's decision to close a VA hospital in their town. "It would be, in my opinion, a tragic mistake to shut down our hospital, especially during a time of war when tomorrow's veterans are in harm's way today," said U.S. Rep. Chet Edwards (D-Waco). In May 2004, then-VA Secretary Anthony Principi announced he would be closing three veterans hospitals nationwide and partially closing eight others. For his work, Principi was rewarded with an appointment to the chairmanship of the Base Realignment and Closure (BRAC) commission.
VETERANS GROUPS SLAM BUSH BUDGET: More than 300,000 veterans' claims are pending before the VA, according to the Sarasota Herald-Tribune, and the number of claims pending for more than six months rose from 47,000 in 2003 to 75,000 at the end of March 2005. The deteriorating condition of VA health care has elicited plenty of criticism. The American Legion called Bush's budget " the wrong message at the wrong time to the wrong constituency." The Vietnam Veterans of America said the budget did a "disservice to those of us who donned the uniform to defend the rights, principles, and freedoms that we hold dear." And the Veterans of Foreign Wars decried Bush's decision as "especially shameful during a time of war."
Her point is that Obama voted repeatedly against tax breaks for the middle class and suddenly he'
the middle class person's best friend! Funny how now he wants to help us, when each time he had the opportunity to, he voted against it.
Call me what you want, just don't call me late for dinner. LOL....
GP, I like your sense of humor.
You call it hysteria, some call it concern for the
nm
Then call it what it is...or call for conservation...
but don't make up a myth to try to gain control. That is what Gore is after...what all the global warming hoohah is after. They have an agenda...pure and simple. And the base fact is that a very low percentage of the greenhouse gas effect is from cars. Every time you breathe out, you contribute. Are we all going to stop breathing? Are cows going to stop belching? I have no problem with ethanol...I have used it. My husband is from Iowa...I would love it if we started using ethanol more extensively. But in previous years, Democrats (Hillary being a primary one) opposed the use of ethanol. I guess if I believed any of those people out there hawking global warming actually believed what they were saying it would be different...but I don't. The science is not there. As I said...if the real interest is conservation with the side benefit of less CO2...fine. Just say so. But as the article pointed out...if it is as bad as they say it is, you can't stop it anyway. It just does not make good sense to me.
Fine. Call if whatever you want to call it....
I will call it as I see it. I look at a totality of things. He has embraced black liberation theology which is racist and has Marxist tones for 20 years. There is no way the man went to that church for 20 years and did not know their doctrine. But, if you choose to believe that, again, fine. I do not. I believe he knows that theology backward and forward and believes it to his core. You don't have to. That is the wonderful thing about America. We can agree or disagree. On this we disagree.
Yes, I am feeling a pinch. But I don't think the government should take money from you and give it to me. I don't think they should take money from any private business and give it to me. If you think that is fair, fine. I don't. That is how socialism/Marxism takes hold. Historically it ends the same way. I don't want that for America. Perhaps you do...you want the pinch eased for you and if that means taking money from someone else that they earned, and giving it to you, who did not earn it, to you it is all good. To me it isn't.
He never has said who the $1000 checks are going to. I am thinking not every person in the whole US of A...so not only does he get to choose who he takes the money from, he gets to choose who to give it to. That would be another interesting piece of the puzzle. If he confirms to the Marxist view, it would be issuing checks to the "poor." And he gets to define who that is. You may be okay with that...me, not so much.
And by the way...have you ever researched an oil company profit margin? It is not as huge as Obama would like you to believe. But, again, he is counting on no one researching what he says. They hear free money and that's all they want to hear. Also, do you think oil companies don't employ people? You think it is one CEO at a desk in an office raking in billions? You don't think there are rank and file regular folks who work for oil companies? Whose jobs might be impacted by you and others wanting to take money away from their employers and doling it out to people who have not earned it? You think there is a chance they might have a problem with that?
I call, fax, and call again and I do campaign....
xx
I have to take a small exception....
I understand why there was no half staff declaration for Katrina victims and there was for VA Tech. There is a difference in a natural disaster, where loss of life is expected to some degree (not condoned, not accepted, but expected) and a crazy going nuts and murdering 32 people in a heinous horrible bloodbath. I can see why the half-staff for VTech. There has never, as far as I have known, been half-staff for victims of natural disaster, and Hurricane Andrew killed many as well. Although there was no paper half-staff declaration, I did hear personally on many occasions President Bush use some of the same words in talking about the Katrina victims...and he did declare a national day of remembrance for the Katrina victims, which he did not do for the VA Tech victims.
Small and slanted...?
I saw the video. How can a video be small and slanted? It was broadcast on several channels though certainly not CNN. How can that be slanted? A video is what it is. The country producing it did not dispute it, France and Germany did not dispute it. Please tell me how that can be slanted. It is also a fact that they found the intact 747 in the Iraqi desert. That WAS reported on CNN. How can that be slanted? It was there. What possible other purpose could it have to be there? I can see you ignoring a video of two men, but a 747???
You are wrong about the unrest...most of the unrest in Iraq is foreign fighters. If you would watch one of the small and slanted reports as you call them, if only occasionally, you might actually get the BIG picture you keep referring me to. Several of the sectarian fighters have now turned on the foreign fighters instead of each other. Hopefully more of that will occur.
I suppose it will be easy enough for you, if we pull out of Iraq now, to just let the Sunnis and Shias have at it and take all the innocents who just want to work and live with them, aka Viet Nam. For whatever reason, whether you agree with it or not, we are there and the situation is what it is. We can turn tail and run like we did in Viet Nam, or we can finish it.
As to facts to form theories...your facts and theories are no stronger than mine. And again I say...it should not be a far right, a right, a liberal or a far left thing. It should be an American thing. I am an American first. I don't give a good gosh darn about politics. I do give a good gosh darn about this country and keeping it safe for all of us, no matter what direction we lean in. Would that we all felt that way.
I am teaching a small ESL
course in grammar. Two examples I use
President Bush flew BACK from vacation to sign the Terri Schiavo legislation.
President Bush flew OVER the Katrina victims.
It seems to help them understand better.
Just like you buy his very small relationship with
!!
Just one small question?
What about your tax dollars going to support ILLEGAL aliens? You okay with that? My husband and I paid a little over $15,000 last year in taxes, 85% of our Social Security benefits were taxed because of our other income. I would hardly consider us freeloaders and I wouldn't mind a little tax cut myself. Get real, none of us are going to get a tax cut and all of working (and retired) AMERICAN taxes are going to go up. Thank your Republicans as well as the Democrats. They all put us another $750 billion and counting in debt. Somebody is going to have to pay it or you can start worrying about communism when China forcloses on their loans!!!!!! You people need to take the shades off your eyes.
How about Rev. Otis Small
from Trinity Church (Rev Wright's former church). Obama says he is the wisest man he knows. Oh my gosh, this is beyond scary! Whatup indeed!!!
small message
It's easy to be gracious and appear to reach out to the other side - when you are the winner! I only fear what the OBama masses would have done if their candidate had lost .. a lot more than booing during the concession speech I fear.
I do agree on the republican party comments, however.
But I also think there were a lot of uneducated people who really thought through WHAT OBama said and consider how and when he was actually going to do any them, and even further, exactly how they will be paid for?
oh well. I will support him - he is our new president .. and will also do a lot of praying for our government ..
Small message ..
I will be fair..
I am patriotic ..
I (so far)am guaranteed freedom of speech and the freedom to have ideas of my own ...
I will not sit back and act like he is My Lord and Savior and I should worship his feet or the ground he walks on.
I will give him a chance .. truly
Just my 2 cents.
Small, harmless example
From a journalist, not an opinion personality:
Neil Cavuto:
– We do not pick and choose these rallies and protests. We were there for the Million Man March, even though, as I pointed out, it turned out to be well shy of a million men. [Fox Business, 4/11/09]
and
– You seem to pick and choose what events and protests were worthy. Million Man March, worthy, even though it wasn’t a million men, it was half a million. We covered that because we thought it had a worthy message too. [Fox News, 4/8/09]
Fox News could not possibly have covered the Million Man March.
what are you giving up?
What are some things that you and/or your family are giving up due to the high price of gas and now the rise in food prices? My family - just me and my husband now - buy 2 large packs of water at Sam's every 2 weeks and drink this, sometimes getting some crystal light or something to put in it. We eat a meal once a week and that's it. Needless to say - we are both losing weight. But to fill up his truck - that's $100 a week - even though he only works 3 days a week now - and I work at home - so I only go out twice a month - to a dr. appointment and then the second time to get the water.
I'm giving up
It is so hard to have a positive outlook on society anymore. I think I should have been born about 100 years ago. This country has no more morals, all people care about is political correctness and not stepping on anyone's toes. The God of this nation has been pushed out, and people want to know why kids are shooting each other. We have become so pompous we think we can take care of ourselves. I want to live in a time when women respected their bodies and didn't just give it up to anyone. Where rapist were few and far between because they would be hanged if caught. They couldn't wiggle their way out of the judicial system on a technicality. Where we didn't need welfare because neighbor helped neighbor and everyone worked hard and worked together. Where there wasn't an obesity problem because kids played outside from after school until "the street lamp came on". Where people knew God and had a relationship with him. Where "love thy neighbor" was not just a commandment, but an action.
At 22 years old, I wonder if there will be an USA when I'm 40? Is it possible for our nation to survive at the rapid rate of decline we are experiencing for 18 more years? I used to pray to Jesus to wait to come, knowing it was selfish, because I knew so many people who didn't know his love and were not saved, including my own parents, and it killed me to think that we may be separated eternally because of that. Now I just can't help but to pray that He comes soon. All these movies about a post apocalyptic United States don't seem so far fetched now, minus all the zombies that is. We have to wake up. We need to fall to our knees and beg God for forgiveness and beg him to come back to our nation. If you don't believe in Him or want to scoff at me for saying this, I am so sorry. I am so sorry that you do not know the love of Christ. I just hope you get to know Him before it's to late.
God help us.
Not particularly.....just giving
the board a good lookover before I go lie down.
Too many with no b*lls giving in to a few who believe
nm
For all those that think O is giving you a tax cut.....what
//
Breaking out my small violin
I hope by the time you go through any real persecution you will have grown some skin.
And he wasn't after any small change either. I think..sm
the prolife, anti-gay hoopla is just a front for some of em.
Kind of like *yeah yall keep that song and dance going over there, while I get this money over here.*
I live in a very small town. sm
My state is a red state, but my hometown newspaper carries one column and that is Molly Ivins. You don't get much further left than that. I agree.
A couple of small things...
Intolerance is not something I associate with being liberal. Perhaps I need to adjust my thinking.
My compassion extends to all those hurting and in need, just like yours does. However, as you well know and seem so jaded by, one person cannot focus on every area, every part of humanity, every issue. You must choose your issue and throw all your energy into it. I would say that the anti-war arena is pretty well covered, wouldn't you? The anti-abortion arena, however, is not. And that is where I am moved to place my focus. Because there are people affected by war who CAN speak for themselves. They DO have the ability to at least try and protect themselves. Unborn children do not have that luxury. They are totally at the mercy of others, and if you want to talk about a horrendous way to die...there is no more horrendous way to die than being aborted. In a way, it is the ultimate betrayal if someone does not defend the most vulnerable among us. That is why I chose that issue and that is why I will speak out against it with my last breath.
You call me supercilious, yet post something like the nature of conservatism to have lack of empathy? A rather broad brush stroke I would say. How you can criticize something else for having no empathy and turn your back on the unborn...there is NO balance in that to see.
There is no spin, piglet. The facts are obvious. You have chosen to exclude the most needy and vulnerable and even go to the extreme of being highly critical of me for doing so. No spin there.
It is obvious you call things the way you perceive them, and have intolerance for any who do not agree with your perception. Again, that is not a trait I associate with liberals. And again..perhaps I need to adjust my thinking.
No one is asking you to apologize, piglet. These last few posts...amazing. If it were aimed AT liberals I would swear it WAS Ann Coulter. Especially the "I call things the way I perceive them, I don't sugar coat it and I won't apologize for it." VINTAGE Ann Coulter. :-)
She is what small-town America is all about
Loved the speech, love the candidate!!!
Those small-town values are
EXACTLY what the big bad world needs to take it on. Resolute, firm in beliefs, freedom, country first.
I agree, it is not everyone, it is actually just a small portion (sm)
of people who are showing their racist bents..the problem is that some of them are angry and dangerous. And I know there are many races in our country but this particular "battle" is between white and black... and it goes both ways.
It is happening now on a small scale....
we have one refundable tax credit now that I know of...the earned income tax credit. What Obama wants to do is expand that dramatically, and that is most definitely new. That credit does not stretch to that entire 30-40% of people who don't pay federal income taxes. Obama's plan WILL. Because those people comprise part of that 30-40%. How can he give a tax CUT to 95% of Americans otherwise? THAT is my point. Why on earth tax small businesses and yes, even large corporations MORE, so you can give people on welfare a refundable tax credit check?? In my opinion, extending refundable tax credits to people already on the government t*t is wrong, wrong, wrong.
Yes, we have a refundable tax credit now that benefits some persons. What Obama proposes is taking that from where the earned income tax credit is all the way to the bottom. That is his starting from the bottom theory. How many times have we heard that?
Not yet. Voting at about 4 p.m. EST. I live in a small
town. We have two separate voting places with 3 machines at each place, so hopefully not a long line, but I will stay there until my vote is in. Cannot wait.
Maybe if small businesses like MT companies
receive a tax credit as a reward/incentive to keep jobs INSIDE the USA, that policy will help American MTs.
That's Obama's policy.
Sure, but I'd rather be in a small room with a caterpillar!
nm
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