Long passed time for goooberment to get that "high-speed rail" they've been pushing for!
Posted on 06/24/2011 9:42:39 AM PDT by GreaterSwiss
Geithner’s explanation of the administration's small-business tax plan came in an exchange with first-term Rep. Renee Ellmers (R.-N.C.). Ellmers, a nurse, decided to run for the U.S. House of Representatives in 2010 after she became active in the grass-roots opposition to President Barack Obama’s proposed health-care reform plan in 2009.
“Overwhelmingly, the businesses back home and across the country continue to tell us that regulation, lack of access to capital, taxation, fear of taxation, and just the overwhelming uncertainties that our businesses face is keeping them from hiring,” Ellmers told Geithner. “They just simply cannot.”
She then challenged Geithner on the administration’s tax plan.
“Looking into the future, you are supporting the idea of taxation, increasing taxes on those who make $250,000 or more. Those are our business owners,” said Ellmers.
Geithner initially responded by saying that the administration’s planned tax increase would hit “three percent of your small businesses.”
Ellmers then said: “Sixty-four percent of jobs that are created in this country are for small business.”
Geithner conceded the point, but then suggested the administration’s planned tax increase on small businesses would be “good for growth.”
“No, that's right. I agree with that,” said Geithner. “But just to put it in perspective, it's important to recognize why are we doing this. You know, our deficits are 10 percent of GDP, higher than they've been since any time in the postwar period really. We have a big hole to dig out of, and we have to figure out how to do that in a way that's balanced, good for growth, fair to people as a whole.”
TTT (Tiny Timmy Turbo) is totally UNQUALIFIED to espouse any kind of opinion regarding taxes or the economy. He’s a joke and a bad one at that....
Long passed time for goooberment to get that "high-speed rail" they've been pushing for!
The less money put into the hands of government the better. That is why I never support tax increases on anyone ever!
Whenever I hear that I always scratch my head. How do you DIG your way out of a hole? If you’re in a hole - put the shovel down! Get a ladder, maybe?
So says Mr. Geithner, known tax cheat.
If Mrs. Obama wanted to really CARE about black people in Africa, she would highlight the shame of the CONTINUATION of hundreds of years of slavery in West Africa.
That's exactly the same logic used when "fairness" is used as an excuse for stealing money and property from generations that haven't yet been born.
Indeed it seems beyond Tax Cheat Tim’s comprehension that we might want goverment to shrink.
This is a great example of the incoherent thought process that got us in 14 trillion of debt.
Bottom line; The governemnt is the parasite, business is the host. They don’t have that straight - which is incoherent. We will never get the economy fixed with this kind of incoherent thinking. People need to understand the government is a leech, literally sucking the lifeblood out of the goose that has layed golden eggs. That is why the goose is not laying golden eggs any more. It is uterly asinine to suggest the solution is to leech more blood out of the goose. I’m flabbergasted at how flat out stupid some of these elected “officials” are. Can’t even call what goes on in they’re heads “thinking”. I don’t know what it is but it is sure not what any coherent person would call “thinking”.
Tell the damned Tax Cheat that the government needs to shrink. It’s too damned big. Shrink, Shrink,Shrink, Shrink,say the people. Tell BHO and the DemoNazis to leave the USA.
Geeez...if this government does not shrink it will surely collapse under it’s own weight. The producers in society are getting crushed.
Destroy the engines of job growth to support people suckling off the public teat. Pure insanity. Any wonder unemployement is at Depression levels?
Translation: “Limits on freedom must grow so that government doesn’t shrink.”
When the government grows, freedom shrinks. When the government shrinks, freedom grows.
The time for that globetrotting crap is OVER and she better know it.
Small business is the only dependable source of jobs for Americans. We should be cutting taxes on small businesses.
When you see that trading is done, not by consent, but by compulsion - when you see that in order to produce, you need to obtain permission from men who produce nothing - when you see that money is flowing to those who deal, not in goods, but in favors - when you see that men get richer by graft and by pull than by work, and your laws don’t protect you against them, but protect them against you - when you see corruption being rewarded and honesty becoming a self-sacrifice - you may know that your society is doomed.
Giethner has never worked in the private economy.
All his jobs have been govt, think tanks, or foundations.
That added to an Ivy League education produces a faulty line of reasoning.
If I was POTUS, my Treasury Sec would be the head honcho at some small bank in the Midwest that’s been in business for 150 years.
Good rant. Is it a quote? If so, from whom?
What a dope. People making 50K working their butts off for a a small business have to take it in the shorts, so that government slackers can get their 100K for standing around the water cooler singing hallelujah to Obama. Sick.
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