Quote:
Originally Posted by TheSquealer
HUh? Fantasy?
Obama, according to this "cut taxes for small businesses 18 times" and he intends more cuts as part of a plan for a second term.
http://images.politico.com/global/20...et1_part3.html
I thought there was no relationship between lowering taxes and the growth of business and job creation?
I mean, sounds a lot like Reagan to me.
The message seems pretty clear "lower the tax burden on business and business/jobs grow".
Reagan would be very proud of Democrats today.
Here is a good quote from that page:
"With tax incentives for hiring and growth and greater
access to capital, especially for women-owned
businesses, more Americans can be their own boss and
grow their existing businesses."
.... with more access to capital (i.e. reducing the tax burden), you can grow your business. Thank you Reagan!  |
Its because Obama is not a fucking liberal for the 1000 th time. You cant compare now to Reagan. People didnt use llc's as much if at all back then. An LLC has no corporate tax, there is no tax event until money flows to the partners.
During the internet boom, how many jobs were created and taxes were higher. No one hires for taxes, they hire for need. If I have no need for more people in my business you could make the corp tax and my personal tax rate zero and I wont hire anyone.
The problem is the jobs aint coming back and the president cant order them back.So they all say this bullshit, Im telling you 7 percent is the new normal. With technology, you dont need as many workers and you can have workers work overseas for much less money. The factory moving from illinois to china, the factory was profitable but just not profitable enough its all more more more. They get slave labor and the first thing they are doing once the machines get to china is remove all the worker protections on them because it slows them down. How are you going to compete with that? lol