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Thread: Obama pleads with Republicans on small business bill

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    Re: Obama pleads with Republicans on small business bill

    Quote Originally Posted by liblady View Post
    so, some is worse than nothing? good lord.
    Actually, yeah it is when you are talking about meddling with a bad situation. I would prefer not to see another half assed attempt by Obama to fix something he knows nothing about. If I want to know where to find a good latte or make a 3-point shot, I'll ask the amoeba in chief. Otherwise, I'd prefer he just got out of the way for the rest of his term.

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    Re: Obama pleads with Republicans on small business bill

    Quote Originally Posted by Reverend_Hellh0und View Post
    Ok, I can see that. Weren't the bailouts supposed to do this, then the banks ended up holding onto the money anyway?
    the bailouts didn't go to the community banks
    only the too-large-to-fail lenders got the capital infusion
    but the more rigid reserve requirements and tightened federal reserve scrutiny are now imposed on all banks, making it more difficult for community lenders to authorize anything other than the most secure loans
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

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    Re: Obama pleads with Republicans on small business bill

    Quote Originally Posted by Reverend_Hellh0und View Post
    Ok, I can see that. Weren't the bailouts supposed to do this, then the banks ended up holding onto the money anyway?
    Easy rev...dont give away the plot too early-In the name of increasing public exposure and because the banks have held ont their profits, it is necessary for the government to federalize the banking system...

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    Re: Obama pleads with Republicans on small business bill

    Quote Originally Posted by Vader View Post
    The fact is ... he is correct, HG.

    Republicans are nothing more than big business mouthpieces. Republicans have ALWAYS had issues with honesty (so have Democrats) ....

    It's time for laws that force big businesses to pay a hefty price for interfearing in politics.


    You are aware that laws that affect, "corporations", by law, must be applied to all corporations, equally, regardless of that corporation's size?

    Obama is the president of higher business taxes and more regulation. Someone, please, explain to me how he's looking out for small business.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Obama pleads with Republicans on small business bill

    Quote Originally Posted by roughdraft274 View Post
    Republican Party blocks small-businesses bill - Manu Raju - POLITICO.com


    Looks to me like the Republicans just want to keep stalling. When asked for how many amendments they would want, they couldn't give an answer, because in reality it didn't matter.

    This is their game plan and it's disgusting.
    McConnell probably does not have an exact number because he has most likely not gone around to every Senator and said do you have a concrete number of amendments that you want to offer. They don't have to have infinity, but three is bogus.

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    Re: Obama pleads with Republicans on small business bill

    Quote Originally Posted by justabubba View Post
    it didn't go far enough
    small businesses cannot compete with the multinationals that avoid payment of taxes in America by using offshore tax havens
    that loophole needs to be closed

    http://www.ctj.org/taxjusticedigest/...nch_campai.php
    do you realize that government regulation and red tape and other demands are what really hurts small business in its ability to compete with massive multinational corporations? Estate taxes don't hurt Proctor and Gamble but that tax is pure hell on small businesses.

    Now lets reflect on which side of the Congressional aisle that imposes most of those costs and regulations on small businesses and who supports the greedy plaintiffs' attorneys increase costs as well?



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    Re: Obama pleads with Republicans on small business bill

    Quote Originally Posted by TurtleDude View Post
    do you realize that government regulation and red tape and other demands are what really hurts small business in its ability to compete with massive multinational corporations?
    in my 25 year career counseling small business concerns, rarely were government regulations and "red tape" of significant concern to the small business owners
    getting the financing to launch an enterprise was the foremost concern of start ups and effectively marketing to keep the doors open was of the prominent matter once the business was established
    next was the inability to provide health coverage for employees at a reasonable cost and to thereby allow the small businesses to compete with the large business counterparts for the better employees
    government regulations and red tape were seldom encountered ... even within the portfolio of federal contractors i served
    Etate taxes don't hurt Proctor and Gamble but that tax is pure hell on small businesses.
    you must have slept thru the law school semesters while the tax and estate curriculums were presented, squire. that person who inherits the P&G stock has to pay estate taxes just as someone who acquires an interest in a small business. there is no difference
    Now lets reflect on which side of the Congressional aisle that imposes most of those costs and regulations on small businesses and who supports the greedy plaintiffs' attorneys increase costs as well?
    any trouble with your short term memory lately, as it seems you have forgotten the dilemma the republican 'deregulation' mantra has has imposed on our nation's economy
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

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    Re: Obama pleads with Republicans on small business bill

    You must have slept thru the law school semesters while the tax and estate curriculums were presented, squire. that person who inherits the P&G stock has to pay estate taxes just as someone who acquires an interest in a small business. there is no difference
    Estate taxes are not paid by the person inheriting. They are paid by the estate. Some states levy an inheritance tax; most do not. But at the Federal level, the estate is taxed, not the person receiving the inheritance. I've read this misinformation from you several times now. Read the link. HowStuffWorks "Estate Taxes and Inheritance Taxes"
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

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    Re: Obama pleads with Republicans on small business bill

    Quote Originally Posted by MaggieD View Post
    Estate taxes are not paid by the person inheriting. They are paid by the estate. Some states levy an inheritance tax; most do not. But at the Federal level, the estate is taxed, not the person receiving the inheritance. I've read this misinformation from you several times now. Read the link. HowStuffWorks "Estate Taxes and Inheritance Taxes"
    Right you are though in many cases the donor and the heir plan together. but you are absolutely right and I cannot understand how people justify an estate tax partly by saying WELL YOU CAN GET AROUND IT WITH PROPER PLANNING.

    the estate tax fans constantly note that only a small percentage of estates are taxed but many more spend billions on lawyers, accountants etc trying to avoid it. Just like the income tax, it causes lots of inefficiencies



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    Re: Obama pleads with Republicans on small business bill

    Totally agree on all points. To me, an estate tax is nothing more than confiscation of wealth. Gift tax pretty much the same, except that effects millions more people than estate tax. I don't think the gift tax is enforced too well, but it's there, nonetheless. You're right about all this talk of planning. Why plan? Why double-tax? It doesn't take too much to get to $1 million, really. A couple of homes, diligent savings/investing, 401K, SEP. A million just isn't what it used to be. Ha!
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

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