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Obama pleads with Republicans on small business bill

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/archive/2010/07/small_businesses_launch_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?
 
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
 
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"
 
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
 
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!
 
because my sister already provided healthcare to her employees, she now gets a break for doing just that. good deal.

How much will it cost your sister to issue 1099's to all her vendors that she spends $600+ with?

BTW, where's the tax break for corporations that provide health care for employees. Care to point that out to us in the Obamacare bill?
 
If there was ever a reason to NOT vote Republicanazi, BUSH... and this topic are it.
 
Here's a reason to oppose this bill:

Obama's plan would offer small banks capital and incentives to lend to small businesses, to unlock frozen credit for the small firms.

It would also create tax incentives for new investments by small businesses which want to expand -- for instance, offering quick tax reductions for outlays on new machinery or equipment.

The plan would also wipe out capital gains taxes on key investments in small businesses, in a bid to encourage the flow of capital to such firms.

Is there some reason large businesses should be treated more severely?

If something promotes job growth, shouldn't it be applied to ALL sectors of American business equally, as the Fourteenth Amendment requires?

Is the Messiah so ignorant to think that large business don't need capital, too?

What's wrong with that boy?

And if cutting taxes on businesses is good for the economy, just think of how much better cutting taxes can be for the indivdual, who will then have additional money to participate in the economy.

Damn, is the Messiah trying to repeat what he kept calling a "mistake of the past"?

Hmmmm?
 
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"




Let's look at this in real terms.

the old man croaks. Leaves a megabuck to his kids.

The tax on the "estate" is half.

that means the kids get half-a-megabuck.

That means the kids paid half-a-megabuck they could have had.

Now, if the estate was a business, the business has to be sold to provide the government's half-a-megabuck, and then the heirs are left with just cash, not a viable business concern.
 
That's what they hope it will do.

Businesses don't grow a whole lot, if demand is down.
The fact of the matter is that the whole economy is at a stand still because of uncertainty in relation to deficits.

I also see that the tax breaks are only good for one year and have to be reauthorized annually.
Pretty wimpy, if you ask me.

How can they hope it will do ask you suggest while opposing the bill in a wholesale fashion? They cannot be on both sides of the fence at the same time. It seems to me that the Republicans are doing everything they can to prevent the country from recovering. I don't know if its because businesses don't like the new set of anti-assrape rules they have to follow, or if it's the fact that big businesses are by and large anti-American. Whatever the case may be it seems to me that republicans are doing whatever big business tells them and big business is all about their bottom line... even when that line is destroying the economy.
 
That's what they hope it will do.

Businesses don't grow a whole lot, if demand is down.
The fact of the matter is that the whole economy is at a stand still because of uncertainty in relation to deficits.

I also see that the tax breaks are only good for one year and have to be reauthorized annually.
Pretty wimpy, if you ask me.

No, actually revisiting it annually based on the current circumstances is SMART. Making things permanent is foolish because it will require more work to alter the landscape based on a given future context.
 
Let's look at this in real terms.

the old man croaks. Leaves a megabuck to his kids.

The tax on the "estate" is half.

that means the kids get half-a-megabuck.

That means the kids paid half-a-megabuck they could have had.

Now, if the estate was a business, the business has to be sold to provide the government's half-a-megabuck, and then the heirs are left with just cash, not a viable business concern.

Your is a big misrepresentation of how the estate tax works and you follow nicely the large Republican group-think that the estate tax will impact "hard-working" Americans - or even them. The estate tax is only paid exclusively by people who are in the 10% of wealthiest families, and even then 50% of all etates taxes are paid by the top .1% of Americans.

Unless someone's family farm is IMMENSE (like the size of Delaware), they're not going to pay it. EVER.

The "death tax" myth is insane. It's more of the poor-supporting-the-rich, Republican style - handing their money upward to the Paris Hiltons of the world and smiling while they go take their job as a greeter at Wal-Mart after they were laid off from the factory.

Who pays the estate tax?

The loophole of having no estate tax this year cost the government between $25 and $30 Billion. And God knows, the Steinbrenners would have gone BROKE if they'd been taxed this year. But now, thanks to the loophole, they can pay ARod a $40 million bonus if they'd like. Thank God! Oh, but don't you DARE extend unemployment benefits without paying for it. THAT would destory the nation. But do give tax breaks to the Hilton, the Steinbrenners, and the ARods of the world. They need help in these belt-tightening times.
 
Didn't this just get passed? What is the full name of this bill?
 
The "death tax" myth is insane. It's more of the poor-supporting-the-rich, Republican style - handing their money upward to the Paris Hiltons of the world and smiling while they go take their job as a greeter at Wal-Mart after they were laid off from the factory.


How is it the poor supporting the rich? The recently deceased put a lot of hard work into growing his business, savings, whatever, to get his estate to the point that it's at. He did this through hard work, ideas, etc. In most cases he accumulated this wealth with the hope of passing the security to his family.

How is not confiscating the proceeds from his work and savings, that he hoped to pass on to his wife and children, that he has already paid taxes on, stealing from the poor? Talk about the ever increasing spiral into an entitlement society. Allowing a rich person, who died, to pass the money he has worked hard for on to his family is now considered stealing from the poor.

I wonder how much you make per year, and if the government needs to take more then they already do in order to pass it on to those that make less. Afterall, I have no doubt someone looks at you as rich, and feels entitled to the proceeds of your work. You are obviously stealing from those that have less income then you do.
 
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Your is a big misrepresentation of how the estate tax works and you follow nicely the large Republican group-think that the estate tax will impact "hard-working" Americans - or even them. The estate tax is only paid exclusively by people who are in the 10% of wealthiest families, and even then 50% of all etates taxes are paid by the top .1% of Americans.

Unless someone's family farm is IMMENSE (like the size of Delaware), they're not going to pay it. EVER.

The "death tax" myth is insane. It's more of the poor-supporting-the-rich, Republican style - handing their money upward to the Paris Hiltons of the world and smiling while they go take their job as a greeter at Wal-Mart after they were laid off from the factory.

Who pays the estate tax?

The loophole of having no estate tax this year cost the government between $25 and $30 Billion. And God knows, the Steinbrenners would have gone BROKE if they'd been taxed this year. But now, thanks to the loophole, they can pay ARod a $40 million bonus if they'd like. Thank God! Oh, but don't you DARE extend unemployment benefits without paying for it. THAT would destory the nation. But do give tax breaks to the Hilton, the Steinbrenners, and the ARods of the world. They need help in these belt-tightening times.

costs the government--are you kidding? every bit of wealth the government doesn't take apparently costs the government.

People like Paris Hilton pay far far more taxes than they use

where do we get people who whine that the government doesn't take enough wealth>

we get in from the creation of an entitlement mentality that other people have a duty to fund their existence.

NO ONE SHOULD BE SUBJECTED TO AN ESTATE TAX. They have already been taxed plenty if they leave enough to be subjected to the death confiscation tax.
 
costs the government--are you kidding? every bit of wealth the government doesn't take apparently costs the government.

People like Paris Hilton pay far far more taxes than they use

where do we get people who whine that the government doesn't take enough wealth>

we get in from the creation of an entitlement mentality that other people have a duty to fund their existence.

NO ONE SHOULD BE SUBJECTED TO AN ESTATE TAX. They have already been taxed plenty if they leave enough to be subjected to the death confiscation tax.

The estate tax is the most egregious, and dishonest tax of all.
 
Which bill is this, exactly -there are countless "small business growth" related bills - which one *is this one* exactly . . . I hate it when articles *don't* refer to the bill number or official title. (and then people bitch about supporters not reading the bill - I swear there's an extreme effort aimed at distancing people from these bills we're suppose to support).
 
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I think most people that bitch about the government taxing the rich don't understand just how goddamn easy it is for the rich to keep getting richer. Do you know how much people make off of dividends and just having a ****load of money in the bank in the first place? The rich probably make more off of interest than your average $40-50k American makes in a year.

Why is it that Teabaggers (lol @ that term) love to defend the rich? Seriously can someone please enlighten me on this, or do they just think that someday they will wake up and magically be making $300k a year and are covering their asses right now?
 
I think most people that bitch about the government taxing the rich don't understand just how goddamn easy it is for the rich to keep getting richer. Do you know how much people make off of dividends and just having a ****load of money in the bank in the first place? The rich probably make more off of interest than your average $40-50k American makes in a year.

Why is it that Teabaggers (lol @ that term) love to defend the rich? Seriously can someone please enlighten me on this, or do they just think that someday they will wake up and magically be making $300k a year and are covering their asses right now?

First of all, you don't have to be making $300,000 a year to be considered "rich" by the current administration.

You also gloss over the fact that the money in the bank was earned somewhere along the way. I see no reason to confiscate more of someone's hard earned money because they invested it well and get a good return. That is irrelevent.
 
I think most people that bitch about the government taxing the rich don't understand just how goddamn easy it is for the rich to keep getting richer. Do you know how much people make off of dividends and just having a ****load of money in the bank in the first place? The rich probably make more off of interest than your average $40-50k American makes in a year.

Why is it that Teabaggers (lol @ that term) love to defend the rich? Seriously can someone please enlighten me on this, or do they just think that someday they will wake up and magically be making $300k a year and are covering their asses right now?

Using that term just makes you look impish.

I've heard just as many liberals 'defend the rich' - so it's not a partisan sentiment.
It's a sentiment of personal belief or value - just as many liberals believe in making it rich and reaping their earnings as do many others.

The difference is whether or not *other people* are entitled to *your money* by proxy
 
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Is this the bill in discussion? (please correct me if it's not)

HR 5297

Basically - it's yet *another* bailout for the banks . . . isn't that what TARP was suppose to do? Free up their burden so people could *borrow* money? And *did* it work already?

No - it didn't work.
No - they didn't start lending more money.

The money for TARP wasn't even applied as was first touted to everyone - so it was useless. This is just extending those useless and pointless actions.

Also - when the economy is in the ****ter and *no one has money to spend* then *how* can starting or furthering a *business* via a *loan* be a good idea? How are they going to generate the money to pay the loan back?
I think getting loans when the economy is so tight is the wrong thing to encourage.

Further - as with TARP - it left regulations of how the money is dispersed up to the Treasurer which was a horrible idea when the Republicans proposed it and is still a horrible idea.
 
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