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Republicans oppose President Obama's plan to raise taxes on the nation's wealthiest households because, they say, many small businesses - a major engine of job growth - would be slapped with a tax hike.
"The top 2 or 3 percent" of all small businesses would see their taxes go up under the Obama plan, Sen. Orrin Hatch (R-Utah) fumed this week. "That's 750,000 to 800,000 small businesses! That create most of the jobs in our society!"
The thing is, some of those businesses are not particularly small. In fact, they're quite large.
Among the firms Republicans want to protect from new taxes, according to research by House Democrats: The management team at Wall Street buyout firm Kohlberg, Kravis and Roberts (KKR), which recently reported more than $54 billion in assets managed by 14 offices around the world. Auditing firm PricewaterhouseCoopers, a household name with operations in more than 150 countries. And the Tribune Corp., which owns the Chicago Tribune, the Los Angeles Times and the Baltimore Sun.
"Republicans are trying to disguise this issue as a small business issue when the facts tell a different story. Among the major beneficiaries are hedge funds, billion-dollar private equity funds, major Washington lobbying firms and other million-dollar special interests."
The Republican Party does not care about small businesses although they claim they do. The Republican Party is the party of really big business allied with the Haves and Have Mores to destroy the Have Very Little. Democratic led government is not the enemy of small business but Republican led government certainly is.
Drink some more koolaide. You chose the side that wants to destroy America. We need to protect all business so we can get some jobs back. You guys don't have a clue..! Big busness create jobs. Obama is destroying our country.
His terrible policies will soon be repealed once we kick him and his corrupt cronies out of office.
November is just around the corner and we make the first strike. Once the good guys take over, they just don't fund his policies and they dry up until we elect a real president in 2012.
In the mean time, extend all tax cuts FOREVER..! Then our country can grow, and destroy Obama's dream of everyone being beholding to his socialist form of government...!
Wake up guys, there is still hope you can learn..!
Drink some more koolaide. You chose the side that wants to destroy America. We need to protect all business so we can get some jobs back. You guys don't have a clue..! Big busness create jobs. Obama is destroying our country.
His terrible policies will soon be repealed once we kick him and his corrupt cronies out of office.
November is just around the corner and we make the first strike. Once the good guys take over, they just don't fund his policies and they dry up until we elect a real president in 2012.
In the mean time, extend all tax cuts FOREVER..! Then our country can grow, and destroy Obama's dream of everyone being beholding to his socialist form of government...!
Wake up guys, there is still hope you can learn..!
Trickle down economics does not work, hence the title..."Voodoo Economics"
Republicans oppose President Obama's plan to raise taxes on the nation's wealthiest households because, they say, many small businesses - a major engine of job growth - would be slapped with a tax hike.
"The top 2 or 3 percent" of all small businesses would see their taxes go up under the Obama plan, Sen. Orrin Hatch (R-Utah) fumed this week. "That's 750,000 to 800,000 small businesses! That create most of the jobs in our society!"
The thing is, some of those businesses are not particularly small. In fact, they're quite large.
Among the firms Republicans want to protect from new taxes, according to research by House Democrats: The management team at Wall Street buyout firm Kohlberg, Kravis and Roberts (KKR), which recently reported more than $54 billion in assets managed by 14 offices around the world. Auditing firm PricewaterhouseCoopers, a household name with operations in more than 150 countries. And the Tribune Corp., which owns the Chicago Tribune, the Los Angeles Times and the Baltimore Sun.
"Republicans are trying to disguise this issue as a small business issue when the facts tell a different story. Among the major beneficiaries are hedge funds, billion-dollar private equity funds, major Washington lobbying firms and other million-dollar special interests."
Why does the size of a buisness matter to you? Is it not buisness that employs citizens? Are we not in need of additional jobs, given our 10% unemployment rate?
Obama and the libs just don't understand-
Raise taxes on buisness and lose jobs. It is pretty simple, but apparently the libs do not care about the unemployment rate, as they are more concerned with gay marriage.
Why does the size of a buisness matter to you? Is it not buisness that employs citizens? Are we not in need of additional jobs, given our 10% unemployment rate?
Obama and the libs just don't understand-
Raise taxes on buisness and lose jobs. It is pretty simple, but apparently the libs do not care about the unemployment rate, as they are more concerned with gay marriage.
Because these are only being protected for the money that they funnel back to the corrupt representative. The point is the Republicans are not being forthcoming as to who they are representing...it is clearly not the middle class.
You support a party that will further increase the deficit on behalf of special interests?
We need a third party and I do not mean what the Tea Party has morphed into...a hybrid Republican/Tea Party. We need Campaign Finance Reform and anyone that does not agree with that is an idiot. You have to admit that the Republcian Party has the scales tipped way more on their side when it comes to looking out for special interests. The votes in Congress on the tax cuts for the rich and apologizing to to BP as a few examples, more than prove that fact.
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