whoa!...i recalled that from AS. .
good thing read the whole thread. :)
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.”
“Geithner: Taxes on ‘Small Business’ Must Rise So Government Doesn’t ‘Shrink’”
Shrinking government is the whole idea, commie.
They’re still digging out of the hole while the rest of us are trying to climb out of it.
And they wonder where the jobs went!
It's that evil squeegee guy! He refuses to hire people, and he sabotaged the economy!
/socialist mind warp
I’ve suggested before, it might be a good time to freeze new food stamp applications. Obviously, it won’t be done under this administration, but the program reall needs to be revamped.
idiots are actively trying to kill the middle class
Government=religion to them
Taxing business will just force jobs to be moved overseas.
Timmy is the one who needs a shrink.
Oh, they’ve used that metaphor, too, of having to use a big ladder to get out of the hole Bush left them with. I can recall Biden saying it a dozen times.It’s a handy little image by way of a talking point they give the dumbed-down masses so they can repeat it. Digging your way out of a hole has more in common with the image of taking water out of the deep end of the pool and putting it into the shallow end. It winds up in the same place instantly, but while you’re doing it at least it looks like you’re doing something.
As William F. Buckley said “I’d rather be ruled by the first 100 names in the Boston Phone Book than by the entire faculty of Harvard”
That’s a good one from Buckley! I agree.
whoa!...i recalled that from AS. .
good thing read the whole thread. :)
Geithner: Idiot Czar and Head of Lettuce.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.