Republicans Block Small Business Tax Breaks!

Your idealism is commendable, even if it departs in stark fashion from reality.

The practicality of the matter is that business owners are scared shitless about what's going to happen next year. You see, some folk like to lump all businesses into the "giant marauder" category, and make $250,000 sound like it's "too much" money. That figure is modest in the world of real business.

Small businesses are currently looking to hedge their bets and cut costs due to this moronic roll back of tax cuts. Owners of businesses which are in this income range will tell you just that.

Obviously no one is actually "happy" doing the work of three people. The point is, the people left will do the work cuz they don't want to give any reason to be in the line of fire at the next round of layoffs.

And, no one is happy about paying taxes. However, after the billions of dollars in payouts to major corporations and the taxes we are alreay paying to cover those, do you really think a measly 30 million in loans is going to raise your taxes that much?

and, if those small business grow and hire people, that will put more people contributing taxes and lighten the load for everyone.

And anything any one person tells you is ultimately anecdotal.

I don't think anyone is scared shitless about a 4.5% tax hike. What scares them is the continued weakness in consumer spending, which is ultimately the bulk of our economy. People aren't spending becaue they are scared they may lose their job.

I certainly believe that if I were an owner and I were going to lose the money to the IRS, I'd rather spend it to upgrade the capacity of my business instead, which is tax deductible. Several economic indicators illustrate that businesses are indeed makig money now, but it hasn't translated into increased hiring yet.

Hmmm... maybe congress could issue a triggered tax break? Like if unemployment drops below x% and the deficit reduces by y%, it can result in a 4.5% tax break to the top wage earners?

I don't know... just thinking out of the box for a second.

And aren't loans ultimately paid back with intrest?

As unpopular as TARP was around here, it has thus far prevented the economic collapse of the world economy and has resulted in a modest profit for our governemnt via the banks that have paid them back already.

To some extent, yes...

What I think is a more accurate way of stating this is that there are some in the media with vested political goals. They are eager to put forth any argument that serves their ends and likely to ignore data/stories that challenges their political view. I believe there has been a concerted effort in the concservative media to talk the markets down and to keep economic uncertainty high. I know that if I ran a business and was responsible for not only my economic well being, but the economic well being of everyone that worked for me, I would think twice about spending to grow my business when so many claim that things are still heading downward... despite all economic indicators pointing up.

Most of my jobs have been for small businesses. I don't think they look at "spending to grow the company" the same way a major corporation does.

If I open a business - say, I make circuit boards - I get an order to make 500 hudred circuit boards by next tuesday. If one person can make x many circuit boards an hour, how many people do I need to hire to make 500 circuit boards?

Tuesday comes, but in the mean time, I've gotten six more orders totaling 5000 circuit boards.

I've also got to hire quality control people. and inventory control and ...

It isn't a matter of investing money in they company - buying new equipment or handing out better benefits to attract better employees, it's a matter of hiring the people in order to get the job done.

You think the economy we have right now isn't bad? Really?

You have a job, correct? You don't deal with hiring, correct?

I deal with hiring and it is bad.

Reactionary... but I certainly understand. I'd argue that increasing your capacity could allow you to solicit bigger business.

Yes, I am the hiring manager.. but I'm also in healthcare and we've been sheltered from all of this as a sector. That doesn't change the fact that the economy grew at 2.4% last year and that for the most part, businesses are making money but have yet to start hiring in mass.

It's possible. It's also [-]possible[/-] a certainty that Congress is going to nail small businesses with a tax increase soon. When tax increases come, the likelihood of a recession lengthening or even getting worse goes way up. That's what everyone's afraid will happen so they're hanging on to their money now rather than expand their businesses only to see them get shredded later.

How much of that "growth" was government deficit spending and how much was real, long-term growth?

There is nothing unusual about it.

Business owners see whose running Washington DC and they see the policies and laws and regulations that are coming down the pipe and they are holding off and just riding the wave until the next President. If they start messing around they are liable to drown in the wave.

Mr. and Mrs. America, we know you didn't want us up on Capitol Hill to bail out the banks or car manufacturers, and we know you didn't want us to pass the Porkulus package, but we did it anyways and now you have to pay for it and that means higher taxes which will take money out of your pocket and cause small business to fire folks. It was for your own good after all.

By the way, have I mentioned that I'm running for re-election?

Nationalisation and wealth creation? How can you type this shit with a straight face? Semi-mythological 12th century figures operating in a feudal society are hardly any sort of analogue for todays policies.

I'm not talking about any one person. I'm talking about many business owners with whom I work with during any given week. I'm talking about people who own small businesses which aren't supposed to be affected by the policies of this administration and who undoubtedly will be.

Frankly, you're talking straight out of your ass when you're speaking about "no one being miffed at an increase in their taxes". I don't know anyone who's simply going to brush that off. But if you like, you go right ahead and speak for the imaginary majority who're going to say, "4.5%? Is that all? Why, I need to call Alphaman and have him add my name to roster of thousands who don't care that they're going to lose more money come tax time. I can't wait to flush that money down the federal poop chute."

You sir, are full of shit.

It's neither, and you're retarded for trying to draw parallels.

In that the story was not about that, as I've already explained. We're talking about a feudal society that did not have the same concepts of statehood, government, property, tax or any of the other things that you want to shoehorn into your own ridiculous version.

In feudalism, all of the land and property was owned by the king and his lords. Serfs got to work a piece of this land in exchange for loyalty and obedience. The idea that giving loot back to the serfs constituted a return to its rightful owners is idiotic.

Isn't it funny how well reguarded real economists completely disagree with you?

http://www.economy.com/mark-zandi/documents/End-of-Great-Recession.pdf

Actually it isn't funny. They deal with facts and reality while WordForge deals with spin and make believe so I see why your opinion is so out of sync with the reality based community.

So now you've taken all your remaining assets and dumped them back into the market? No gold? No oil? Just taking your brokers advice and buying stocks and bonds, eh?

For every economist you find to support your position you could find another to support the exact opposite one. You talk about reality while picking and choosing your own sources, too. I wonder which day of the week you won for the CBO "truth" lottery.