Geithner: Taxes on ‘Small Business’ Must Rise So Government Doesn’t ‘Shrink’

CNSNews.com ^ | June 23, 2011 | By Terence P. Jeffrey

[jacknhoo]

(CNSNews.com) - Treasury Secretary Timothy Geithner told the House Small Business Committee on Wednesday that the Obama administration believes taxes on small business must increase so the administration does not have to “shrink the overall size of government programs.”

The administration’s plan to raise the tax rate on small businesses is part of its plan to raise taxes on all Americans who make more than $250,000 per year—including businesses that file taxes the same way individuals and families do.

(VIDEO AT LINK)

[jacknhoo]

Determined to have a revolution...

[SanFranDan]

FUTG

[Shire]

Do these people ever just shut up?

[Libloather]

An expert on paying taxes speaks. (Pssst - what happens if they don’t ‘feel’ like it?)

[4Liberty]

Their Budget Solution becomes our household’s budget problem...

[rockrr]

Since geithner knows that any tax increases on businesses will be passed along to consumers he is admitting that Øbongo’s pledge not to raise taxes is just a lie.

[MCF]

They know they only have a year and a half so they are going full throttle.

[EGPWS]

Treasury Secretary Timothy Geithner told the House Small Business Committee on Wednesday that the Obama administration believes taxes on small business must increase so the administration does not have to “shrink the overall size of government programs.”

The party of compromise.....

[bert]

Obama care will result in a rise in small business taxes. When they no longer buy health insurance they will have an increase in profits and pay more taxes on the marginal increase

[dforest]

I don’t think this country can make it 2 more years with these socialist clowns at the helm.

I see so much damage every day. It is hitting close to home.

[OrangeHoof]

And what would be so bad about the government shrinking, Tax-Cheat Timmy?

[dforest]

All the small businesses have to do to escape the taxes is get Turbo Tax. Simple

[DaxtonBrown]

Wow, she was great. Geitner is a more determined socialist than I thought.

[okie01]

Do these people ever just shut up?

Geithner is one of those people who belongs on the wall.

If it ever comes to that...

[LostInBayport]

That Geithner quote should be thrown in the face of every Obama surrogate who prattles on about how Obama wants to help small business, yadda yadda.

First Wassamatta-Schultz, now Turbotax Timmy. The dems must be seeing some scary internal polling. They are so rattled that the TRUTH is slipping out!

[Judith Anne]

What in the pluperfect hell is wrong with shrinking the government?

Must stop before I really start cursing.

[Terry Mross]

It appears the communists know they’ve only got until Jan of 2013 to destroy America.

[C210N]

taxes... must increase so the administration does not have to “shrink the overall size of government programs.

[2 Kool 2 Be 4-Gotten]

Up is down an down is up - if you said government and taxes need to decrease so small business doesn’t shrink you’d have a logical statement. Instead they have it exactly backwards. So typical.

[neverdem]

“If you don't touch revenues and you leave in place the tax cuts for the top 2 percent that were put in place by President Bush, if you leave those in place and you're trying to bring our deficits down over time, then you have to do exceptionally deep cuts in benefits for middle-class Americans and you have to shrink the overall size of government programs, things like education, to levels that we could not accept as a country,” said Geithner.

These marxists are full of crap. They hate the middle class.