Posted on 03/16/2009 3:06:13 PM PDT by cc2k
I haven't figured out how bad this hits my wallet yet. This looks like it is to deal with "commercial paper backed securities." Are those a problem like "mortgage backed securities?"
Note, the whitehouse.gov web site has the formatting messed up on this nested list structure. I tried to figure it out and correct it here. I think I got it the way it was intended.
Why don’t they just reduce taxes on small business?
Or is that too easy?
Because they want you to sign on the dotted line...better known as the strings.
Not enough government workers get hired if you just reduce the taxes. DUH!!!! LOL
EQAndyBuzz wrote:
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But this administration (and the Democrats in general) don't really like small business. They acknowledge that small businesses create most of the job growth, but that's not where they want the growth to happen.
Small business jobs tend to be non-union jobs. And small business has historically had exemptions to many federal laws and regulations. The Dems don't like any of this. They want people to have union jobs working for big, heavily regulated companies.
So, in spite of all the "happy talk," this administration and the current Democrat Congress aren't any friend of small business. They want to be sure that small business plays by all the same rules that big business must follow. They want unions in every small business, and every small business subjected to every federal regulation.
Look for measures that will stifle small business growth to be presented as ways of "saving small business." And when it doesn't work out for the better, expect the Party Propaganda Ministry (formerly "the media") to tell how as bad as things get under the Democrat plan, they would have been much worse if small business went unregulated.
Look at the Middle Class Task Force for the administration's real plans. They want "green jobs." They want to increase union jobs at large companies that will be regulated into "green projects." The same with their review of government contractors. They want more government employees, and fewer contractors.
How about ending the “secondary credit markets”
We lived without them for centuries.
This is a bailout of derivative holders. I have seen no information credit for consumer spending, like cars, is tight.
This is actually a good move. A broken clock is right two times per day. Small business were hampered by the banks the last 4-6 months as the baks would not extend credit .Small business could not get loans to buy inventory, equipment or expand.
Now Obama about those small business taxes...
“If getting small business going again was the primary goal,”
The primary goal is as always—bailing out not the primary credit market, but the secondary credit market.
Derivatives. They’re going to buy derivatives backed on credit cards, car loans, on an on and on.
This must be the way things are done in Chigago, gantsa-style. First force business to do things they don’t want to. Then tax “the rich” which is most small business owners, then you will again force them them into some scheme to make them do what you want or they will fail. Nice. Welcome to Obanomics, thug style.
Debt is a big part of the problem. Small business is up to its eyeballs in debt.
If the alleged president was serious about helping the bourgeoise he would encourage Congress to amend the IRC to allow small businesses to pay zero % tax on the first $10 million in retained earnings. These untaxed earnings could be used to buy inventory, plant and equipment, pay down debt faster and hire more workers.
Then, eliminate the capital gains tax on the first $2 to 5 million in gain on the sale of the business (assets or concern).
These two steps would create an explosion of business activity as people would once again feel comfortable with risking capital and years of life to build a business.
I'm not holing my breath. Communists is communists!
Because the debtor is slave to the lender.
I'm not taking their money. But, I think we are going to have to go heavily toward cash with the expectation that government dominated small business lending will become the norm in a few years. Huge threat to individual free enterprise.
Obama wants to destroy individual small business because communists hate small business people. They can't control us... yet.
Another day another speech by The Telepromoter That Is President...here after known as TTTIP.
The rich ruleth over the poor and the borrower is servant to the lender.
Oh this is way better. This provides businesses a way to borrow so they can pay those taxes. Government is happy, lenders make interest and I guess the economy grows.
This is what my business needs - lower taxes, less burdensome government regulation, and tort reform. Also, some kind of mechanism by which small businesses could pool together to buy medical insurance in the same manner big business is able to.
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