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All businesses have benefited under Obama. Corp profits are up and small business has gotten lots of help.
But when you hear the Republicans talk about small businesses, they mean those that file under a particular part of the tax code. Many of those are really businesses earning tens and hundreds of million with thousands of employees.
Legally a small business cannot have thousands of employees, they are capped at 500.
Who was the first that Obama met with over taxes. It was the labor unions before he met with big business, small business had no representation. Are the labor unions running the country?
Obama is a politician from Chicago. This was obvious from day 1.
Legally a small business cannot have thousands of employees, they are capped at 500.
Yeah, what law is that? PricewaterhouseCoopers has more than 500 employees and is classified as a small business.
When I think of a small business, I picture a flower shop, a corner diner or car repair shop. But that is not the kind of business a lot of these politicians are really championing. You can tell from the policies they advocate.
The Joint Committee on Taxation recently reported that only 3% of small businesses would be affected by the expiration of Bush-era top rates. Asked about this a week ago, House Minority Leader John Boehner (R-Ohio) said, "Well, it may be 3%, but it's half of small business income. Because, obviously, the top 3% have half of the gross income for those companies that we would term small businesses."
Is this right? The key part of Boehner's answer was those last few words: how Republicans "would term small businesses." The GOP definition includes entities that aren't "small," and aren't even necessarily "businesses."
Many of those 750,000 small businesses aren't small at all. Some, like Bechtel Corporation, are positively enormous.
Quote:
The Democratic and Republican figures come from the non-partisan Joint Committee on Taxation. But numerous think tanks and government organizations have examined the data and come to similar conclusions: First, that letting the Bush tax cuts on the top two brackets of "small-business" income would impact a tiny percentage of those businesses; and second, that many of the "small businesses" that would be impacted are actually giant companies -- which explains why such a tiny fraction of them can account for half of small business income.
Under the Republican definition of "small business," the GOP is fighting to protect companies like Wall Street buyout firm Kohlberg, Kravis and Roberts, "which recently reported more than $54 billion in assets managed by 14 offices around the world." PricewaterhouseCoopers, a massive international auditing firm, qualifies for the label, too. So does Tribune Corp., which owns the Chicago Tribune, the Los Angeles Times and the Baltimore Sun.
Who was the first that Obama met with over taxes. It was the labor unions before he met with big business, small business had no representation. Are the labor unions running the country?
Yes, because big business is so very underrepresented
Small businesses are represented by organized labor, co-ops, and other small business communities. Only by banding together can small businesses compete against the giant monopolies of our era. Here's the analogy. worker to employer = small business to multinational industry. What is it that is so appalling about the president working with labor unions?
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