"The President... has dedicated a lot of energy and focus..."
Posted on 07/30/2012 7:46:11 AM PDT by 92nina
On Wednesday, President Obama argued that not raising taxes on certain households amounts to a "giveaway" from the government.
On Thursday, White House spokesman Jay Carney repeated and defended the term "giveaway."
Chalk it up as another example of a "You didn't build that" worldview.
During the Thursday press briefing, ABC News senior White House correspondent Jake Tapper asked Carney why the White House uses the term "giveaway":
Jake Tapper: You used the word "giveaway", and President Obama, in his statement yesterday, used the word "giveaway," referring to the extension of the lower Bush tax cut rates for I guess the top 1 or 2 percent of the country -- people making over $200,000 a year, or couples making $250,000. What do you say to a small business owner who says, that's not a giveaway, that's my money, and by the way, I'm going to need some of that money in order to help pay the health care of individuals that I'm now mandated to do? It's not giving anything away, it's allowing me to keep my money.
Carney repeatedly defended the term and then pivoted to misleading talking points about small businesses:
Carney: "97 percent of people who file -- small businesses that file taxes under the individual tax code will receive this tax cut."
Reality: Only in Washington is preventing a tax increase from happening considered a "tax cut." If your tax rate and tax burden is the same next year as it is this year, you didn't get a tax cut. You simply didn't have your taxes raised.
The White House is correct that most people with small business income make less than $200,000 per year. But the majority of small employer profits do face taxation in the tax brackets President Obama wants to raise. These businesses employ a majority of all workers in the small business sector. Finally, 3 percent of small businesses is still 1 million small businesses all across America (i.e., the job-creating and successful ones) facing higher marginal income tax rates.
Carney: "The President believes that small businesses are so important that he has dedicated a lot of energy and focus on providing tax credits and tax incentives and tax cuts to small businesses throughout his three and a half years in office."
Reality: Really? Do most job-creating small employers think that the Obama Administration has been a boon for them? It's true that Obama didn't shrink the small business "Section 179" expensing levels he inherited, but that's hardly a tax cut for small business. He also put in place a small employer health credit that is so complicated, no one is actually using it.
At the same time, the Obama Administration is urging a hike in the marginal tax rate on 1 million small businesses. These businesses earn the majority of small employer profits, and employ the overwhelming majority of Americans working for a small business.
Then there's Obamacare. There are 20 new or higher taxes in that law, totaling $1 trillion in net tax hikes. One was repealed already--onerous reporting requirements on small business (Carney is likely claiming credit for that, too). But there's still the employer mandate, the tax hike on small medical device manufactuers, the tanning tax (all of those businesses are small), and the increase in the Medicare payroll tax rate (which many small business owners pay on every penny of earnings). Most small business owners would prefer that President Obama stop "helping" them, in fact.
This is just another example of how President Obama's White House believes that small business owners "didn't build that," and how the government letting small employers keep their own money is a "giveaway."
The full transcript of Carney's press briefing can be found here.
Read more: http://atr.org/obama-letting-people-their-own-money-a7078#ixzz227JzHh9b
The Govs viewpoint, they printed the money, therefore it’s theirs.
Having every intention to use the time after the November elections to make major changes, just as he has up until now. Time now for soft pedaling it now until the election happens. The Alinsky radical plans are to kill 25,000,000 persons in America. The idea is the whole world is over populated. One of many ideas the extreme left has formulated as a process to proceed with ASAP. Plans told us, even before the last election what the intendion to do was ... to FUNDLAMENTLY CHANGE AMERICA. To build his own national security force, as well equipped as the armed services! To redistribute the wealth. (Not his own ) Apparently to break/destroy the ability of America to prosper and lead the world in a good, and prosperous way. Are we still sleeping and too busy playing with our Ipad, Iphone, wifi, to be concerned and NOTICE we are in DANGER? ?. God help America, LORD, we cry out for thy forgiveness and and blessing, Help us Father. in Jesus name, amen.
bkmk Just 100 days left.
A Welfare check is a giveaway.....taking more money from me that I EARNED, and giving it to those that don't work, is socialism.
bttt
Most small businesses earn little or no profit (or operate at a loss). The small percentage (2-3%)of small businesses that have incomes pushing their owners into the over 200 or 250k level earn over 50% of the profits. He's talking about two different percentages. In the first, he is discussing percentage of total businesses. In the second, he is discussing percentage of total dollars profit.
Thanx. Appreciate it !
The fact that you call him’ President’ Obama is all one needs to know.
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