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View Full Version : Obama's plan?



pooltchr
12-09-2009, 09:49 AM
Ok, I think I'm getting it. Obama wants more jobs in the small business sector. So he announces a temporary elimination of the capital gains tax for small business for one year. This is supposed to ease the financial burden on small business so they can hire more people.

The only problem is, very few small businesses pay capital gains taxes to begin with. Most small business income is reported on personal income taxes. And those personal income tax rates will go up about 5% when he allows the Bush tax cuts to expire, and another 5% to pay for Nancy's healthcare plan if it passes.

So the announcement of dropping capital gains taxes for one year for small business is an empty gesture, and in fact, small business owners are facing a 10% INCREASE in taxes under this administration's planns.

WTF does he think they are going to do...create more jobs with less money?

This guy is either an idiot, or a calculating genius systematically destroying our country!

Steve

eg8r
12-09-2009, 09:53 AM
Obama also failed to bring in small business owners during his job summit. Nope, instead he opted to bring in the unions.

eg8r

pooltchr
12-09-2009, 10:02 AM
Small business owners didn't support his campaign!
(They knew better!)
Steve