Posts Tagged ‘tax cuts’

It's only 2% of small businesses they shout!  What does that mean? It means who cares? They can't re-elect us anyway, the number of them is too small... ...But the number really is 8% of small businesses which is beside the point.  From an economic perspective, those 8% earn 72% - nearly 3/4 of all the small business income! That's the right number to look at - not how many voters will get mad at the pols.  72% of small business income -

Intending to talk about colleges and worker training, President Obama on Monday suddenly found himself in a spirited election-year debate with a business advisory group about whose tax cuts should be extended and for how long…. ‘If we were going to spend $700 billion, it seems it would be wiser having that $700 billion going to folks who would spend that money right away,’ he said. (Washington Post) Cutting taxes is not a form

Yes, the rich can afford tax rate hikes, but their employees cannot afford tax rate hikes for the rich. 39 Percent of $630 billion in revenue from expiration of top two rates would come from business income, says the nonpartisan Tax Foundation below.   I have argued for months that the number of taxpayers affected by the raising of the two top personal marginal rates is meaningless to the

Here is what many of you don't understand ... to stimulate the economy you need to stimulate what runs the economy. Had suddenly government mandated to me that I didn't need to pay taxes, guess what? Instead of depositing that $288,000 into the  Washington black-hole, I would have spent it, hired more employees, and generated substantial economic growth. My employees would have enjoyed the wealth of that tax cut in the form of promotions and better salaries. But

We are about to hear a whole lot more about "tax cuts for the rich expiring".  First of all this is nonsense.  Current tax rates that have been around for almost ten years are not just "expiring", they 're being raised! These cuts had an expiration date because they went through "reconciliation" - you know, the same process used to pass the worst law in history, Obamacare - which means provisions must sunset to be revisited by another Congress. 

"Hard at work" - that's what we are afraid of!    Obama keeps exhibting a stunning lack of understanding and leadership.  The big question is whether he understands that the market, business leaders and 70% of the American people react negatively to what he has done and therefore what he proposes.   I told my children yesterday - "we have nothing to fear . . . except Obama coming back from vacation"

Ask your Democratic Congressman what she did last term and she will tell you that she helped to pass healthcare insurance reform, saved teachers' jobs in Democratic states and "stimulated" the economy and "saved" jobs in the process.  Don't look at the man behind the curtain, but look at what she didn't do while she was saving all those jobs - raising taxes on the middle-class. A new Tax Foundation report shows that the Congressman also raised

I wish I could say that these tax cuts were in the good ole USA but instead I must report that they were proposed in Sweden!  The center-right government, who cut taxes in 2006 and has delivered 3.8% economic growth coming out of the recession, wants to do it again.  After the '06 tax cuts and the recession hit,  job growth sputtered, but now jobs and growth are back.  The Prime Minister wants to cut more taxes - without disturbing the cherished welfare state. 

The expiration of the Bush tax cuts of 2001 and 2003 are a contentious issue.  The problem is that the frame of the debate is wrong. Secretary of the Treasury Geithner recently said that America can't afford to renew the Bush tax cuts for the wealthiest Americans.  Republicans say that the Administration is crazy to let any taxes go up in such a severe jobs recession. The question should be who gets control of income created - the government or the citizen. 

BERK: Is government spending good or bad for the economy? That's what Rasmussen asked likely voters recently.  It's reported in Fred Barnes most recent column: The results were unambiguous. Good for the country? 28 percent. Bad for the country? 52 percent. He got similar results when he asked whether increasing the federal debt is good or bad for the economy. Likely voters believe it's bad for the economy by a 56 percent to 17 percent margin.