Thursday, April 12, 2012

Look what the cat drug in!

Bush pushes private sector solutions for the economy and then suggests raising taxes--rescinding the Bush tax cuts--will have a bad effect on the small business s-corporations.  Small businesses, who organize as s-corporations,  are the job creators.

According to small business owners with less than one year of experience in running an organization earn an annual salary ranging from $34,392 to $75,076.

Those businesses with more than 10 years experience, on the other hand, earn upwards of $105,757 per year.

Of course, the definition of a small business is fuzzy because the definition varies among different government agencies. Some government organization look at the number of employees, and others at corporate revenues.

Few small businesses will be affected by rescinding the Bush tax cuts because Obama has already stated the new tax tables will primarily effect people making more than $250,000 per year.

Its the c-corporations who need to be reigned in with CEOs making 300 times what the average worker makes. It's he affluent who clip coupons from stock investments and pay capital gains at the 15 per cent tax rate who are the problem, not the small businessmen who work.

it is clear the GOP and the US Chamber of Commerce are oriented toward the fortune 500 c-corporations and  the affluent who make their money from capital gains, deferred interest and a multitude of other tax perks that aren't available to the man of the street.

Bush understands this and is being disingenuous. Remember he said this right after his election:

This is an impressive crowd: the Have's and Have-more's. Some people call you the elites. I call you my base.

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