View Full Version : The truth about the business "TAX CUTS" ...

09-15-2010, 04:00 AM
It never ceases to amaze me how easily some people in society can be duped by charlatan politicians.

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">The measure, which was opposed by Senator Scott Brown of Massachusetts and 36 of his GOP colleagues, would create a $30 billion government fund to encourage lending and would eliminate capital gains taxes for long-term investors in some small businesses. </div></div>

So we "HELP" small business by depriving them of long term capital investments?

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Much of the bill would be paid for by allowing taxpayers to convert 401(k) and government retirement accounts into Roth accounts, in which they pay taxes up front on the money they contribute, enabling them to withdraw it tax-free after they retire. Taxpayers who convert accounts this year would pay the taxes in 2011 and 2012, generating an estimated $5.1 billion.</div></div>

And then we make the assumption that not only can we "PAY FOR" the "TAX CUTS" by increasing taxes on retirement accounts ... and trusting that people will be stupid enough to do this? Well ... the nutty 23% will always do what they are told by the party.

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Democrats say banks should be able to use the lending fund to leverage up to $300 billion in loans, helping to loosen tight credit markets.</div></div>

And as only demokook logic could ascertain ... the cause of the downturn was highly leveraged debt so the answer is leveraged debt? In reality, this money is far more likely to be used as TARP was ... mergers and kickbacks.

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">“Small businesses are holding off on hiring while they wait for us to act,’’ said Senate Majority Leader Harry Reid, Democrat of Nevada. </div></div>

Half right ... they are waiting for you to leave.

And now, after a decade of wailing and gnashing of teeth over tax cuts, the Obamatrons are cheering for tax cuts that exist only in the minds of the true believers.

TRUTH VERSUS TRUTHINESS! (http://www.boston.com/news/nation/articles/2010/09/15/senate_oks_tax_breaks_for_small_businesses/)

H ... this is where you declare the Boston Globe to be a right wing nut blog trying to infect you with truth.