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Senate approves $30 billion small business tax package
politico ^ | 9/16/10 | Meredith Shiner

Posted on 09/16/2010 10:54:40 AM PDT by Nachum

Democrats were able to deliver President Barack Obama a significant legislative victory Thursday when the Senate voted to approve a long-stalled $30 billion small business tax package, in what is probably the last real economic stimulus measure before the midterm elections. With the help of Republicans George Voinovich of Ohio and George LeMieux of Florida, Majority Leader Harry Reid (D-Nev.) was able to push through the legislation, 61-38 which includes a new Treasury-backed loan facility for small-business owners and major tax breaks for businesses over the next two years.

(Excerpt) Read more at politico.com ...


TOPICS: News/Current Events
KEYWORDS: approves; business; senate; small

1 posted on 09/16/2010 10:54:42 AM PDT by Nachum
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To: Nachum
Yet another reason we need no Mike Castle type Senators. Another completely useless spending boodoggle. Small Business does need more debt so loan guarantees are a complete waste of money that will only go to feed the bureacracy.
2 posted on 09/16/2010 10:57:53 AM PDT by MNJohnnie (The problem with Socialism is sooner or later you run out of other people's money. Lady Thatcher)
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To: Nachum

Where did the money come for this facility? What a bunch o crap, if you want to cut taxes do so, no more spending, ever, ever!!!!


3 posted on 09/16/2010 10:58:09 AM PDT by aeonspromise
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To: Nachum

How many pages was THIS law? How many more regulations are being shackled around the necks of small businessmen? If you borrow money from the feds, tell me they won’t wind up managing your day to day operations.


4 posted on 09/16/2010 11:06:01 AM PDT by henkster (A broken government does not merit full faith and credit.)
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To: Nachum
With the help of [two] Republicans...........Majority Leader Harry Reid (D-Nev.) was able to push through the legislation

Hey Karl! The fact that the above quotation appears a lot in media reports these days is why Mike Castle got shellacked by Christine O'Donnell.
5 posted on 09/16/2010 11:06:08 AM PDT by LostInBayport (When there are more people riding in the cart than there are pulling it, the cart stops moving...)
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To: Nachum

Oh Boy a package. this will do the trick. Yahoo!


6 posted on 09/16/2010 11:08:08 AM PDT by screaminsunshine (counter revolutionary)
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To: Nachum
With the help of Republicans George Voinovich of Ohio and George LeMieux of Florida

Geo Voinovich, not seeking reelection in 2010.
George LeMieux, appointed by Crist in 2009. Not seeking reelection in 2010.

We need to get rid of these RINOs - all of them.

7 posted on 09/16/2010 11:08:23 AM PDT by BAW (Proud Tea Party Patriot.)
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To: BAW

Wonder how big a payoff these two got?


8 posted on 09/16/2010 11:09:35 AM PDT by screaminsunshine (counter revolutionary)
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To: MNJohnnie
“I couldn't find a reason to be against it, I could only find reasons to be for it,” LeMieux told POLITICO after the vote.

Spoken like a true progressive Pubby. This is why the ruling class is so out of favor.

9 posted on 09/16/2010 11:09:49 AM PDT by crosslink (Moderates should play in the middle of a busy street)
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To: BAW

Those two are getting rid of themselves...


10 posted on 09/16/2010 11:10:39 AM PDT by Southack (Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
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To: Nachum

Two years too late and for the wrong reason.


11 posted on 09/16/2010 11:11:50 AM PDT by Gene Eric (Your Hope has been redistributed. Here's your Change.)
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To: wideawake

Want to come over here and try explaining to us again why it is so important to the GOP to have these sort of Mike Castle type political turncoats elected?


12 posted on 09/16/2010 11:14:06 AM PDT by MNJohnnie (The problem with Socialism is sooner or later you run out of other people's money. Lady Thatcher)
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To: Nachum
a significant legislative victory

It's been some years since I took BS 101, but as I recall a 'significant' legislative victory ranks far below 'benchmark' legislation, 'sweeping' legislation, and 'historic' legislation.

So this is probably just a Clinton-sized deal, more symbolism than substance.


13 posted on 09/16/2010 11:14:46 AM PDT by Nick Danger (Pin the fail on the donkey)
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To: crosslink

“I couldn’t find a reason to be against it, I could only find reasons to be for it,” LeMieux told POLITICO after the vote”””

IF you actually ran a business, sir, you might be more informed about the crap you are voting for in the District of Criminals.


14 posted on 09/16/2010 11:25:47 AM PDT by ridesthemiles
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To: BAW

its like they all take turns covering for each other. makes me sick


15 posted on 09/16/2010 11:30:48 AM PDT by remaxagnt (`)
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To: Nachum
This is a political stunt.

Make the Bush tax cuts permanent, and eliminate corporate income taxes and capital gains taxes.

16 posted on 09/16/2010 11:37:52 AM PDT by Cobra64
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To: Nachum

Another example of why it is critical to have enough conservatives in the senate to prevent a 60 vote override of a filibuster.


17 posted on 09/16/2010 11:40:23 AM PDT by LOC1
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To: BAW

Every RINO needs to go. McCain is a maggot for taking his presidential coffers to beat Hayworth.

Grahamnesty
Snowe
Collins

OUT.


18 posted on 09/16/2010 11:41:36 AM PDT by wac3rd (Somewhere in Hell, Ted Kennedy snickers....)
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Oh goodie, stimulus #32.


19 posted on 09/16/2010 2:48:33 PM PDT by NOBO2
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