Why I'm Not Hiring

To: stephenjohnbanker

41 posted on 08/10/2010 9:12:02 AM PDT by DoughtyOne (Latest most accurate Az Poll to date, of 14 likely voters: McCain 137%, Hayworth -37% (+/- 92%))

To: stephenjohnbanker; DoughtyOne; ding_dong_daddy_from_dumas; FromLori; Gilbo_3; NFHale

RE :”LOL! Even half of the DEMS know what will happen to the economy next year w/o the tax cuts, and they want to be re elected ;-)”

I am not sure what will happen there. Democrats may want to vote on a tax cut bill in September that only covers those making under X dollars and dare Republicans to oppose it. But if they do raise significant taxes there is a good chance they doom themselves in 2012. Yet, Obama has boxed himself in more than one corner on taxes: 1) he needs the revenue, 2) and he has said over and over he will tax the rich.

Stay tuned!

42 posted on 08/10/2010 9:46:56 AM PDT by sickoflibs ( "It's not the taxes, the redistribution is the federal spending=tax delayed")

43 posted on 08/10/2010 9:54:04 AM PDT by DoughtyOne (Latest most accurate Az Poll to date, of 14 likely voters: McCain 137%, Hayworth -37% (+/- 92%))

I was also thinking about the “trickle down” of blood from the Golden Goose (the private economy) they are killing.

44 posted on 08/10/2010 12:33:09 PM PDT by ding_dong_daddy_from_dumas (Lt. Col. Ralph Peters: Obama is the dog who caught the fire truck!)

To: ding_dong_daddy_from_dumas

Aug. 10, 2010, 12:01 a.m. EDT

Golden eggs

Commentary: Taxing ‘the rich’ will hinder economic recovery

By Irwin Kellner, MarketWatch

PORT WASHINGTON, N.Y. (MarketWatch) — Raising taxes on the top 2% of Americans is tantamount to killing the goose that lays the golden eggs.

The administration wants to let the tax cuts passed under President Bush for the wealthiest Americans expire at the end of this year, while keeping the cuts intact for everyone else.

Effectively this is a tax increase. And while it may seem fitting for the “rich” to pay more in these days of humongous budget deficits, in reality it might well exacerbate our deficit problem rather than ameliorate it.

While many people in the top tax bracket might, indeed, be well off, quite a few are small-business owners who file their tax returns as individuals. This group includes such people as contractors, farmers, lawyers, accountants, consultants and other service providers, and even a few manufacturers.

Small businesses such as these are responsible for just about all the new jobs that are created these days. Raising their taxes adds one more cost to their burden which includes, among other things, a big increase in the cost of providing health care for their employees, thanks to recent health-care legislation.

If they believe that the cost of adding workers will exceed the benefits, these small businesses simply will not hire. As a result, the jobless ranks will be larger than they otherwise might be, leading to less tax revenues and more spending on unemployment benefits.

http://www.marketwatch.com/story/killing-geese-that-lay-golden-eggs-2010-08-10?siteid=nwhpf

45 posted on 08/10/2010 2:24:54 PM PDT by KeyLargo

To: ding_dong_daddy_from_dumas

It’s a morbid point, but it’s an accurate one.

46 posted on 08/10/2010 2:43:22 PM PDT by DoughtyOne (Latest most accurate Az Poll to date, of 14 likely voters: McCain 137%, Hayworth -37% (+/- 92%))

quite a few are small-business owners who file their tax returns as individuals

What does "quite a few" mean? Some Republicans say 95% of small businesses, leftists say 2%. I would guess the truth is somewhere in between.

47 posted on 08/10/2010 2:57:04 PM PDT by ding_dong_daddy_from_dumas (Lt. Col. Ralph Peters: Obama is the dog who caught the fire truck!)

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