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Geithner: Taxes on ‘Small Business’ Must Rise So Government Doesn’t ‘Shrink’
| June 23, 2011
| By Terence P. Jeffrey
Posted on 06/23/2011 5:34:02 PM PDT by 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 administrations 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 yearincluding businesses that file taxes the same way individuals and families do.
(VIDEO AT LINK)
(Excerpt) Read more at cnsnews.com ...
TOPICS: Extended News; Government; News/Current Events; Politics/Elections
KEYWORDS: bigbovernment; biggovernment; democraticparty; geithner; smallbusiness; socialism; taxes
Determined to have a revolution...
posted on 06/23/2011 5:34:06 PM PDT
Do these people ever just shut up?
posted on 06/23/2011 5:35:47 PM PDT
An expert on paying taxes speaks. (Pssst - what happens if they don’t ‘feel’ like it?)
posted on 06/23/2011 5:38:12 PM PDT
(The epitome of civility.)
Their Budget Solution becomes our household’s budget problem...
posted on 06/23/2011 5:38:22 PM PDT
(88% of Americans are NON-UNION. We value honest, peaceful Free trade-NOT protectionist CARTELS)
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.
posted on 06/23/2011 5:38:28 PM PDT
(Everything is different now...)
They know they only have a year and a half so they are going full throttle.
posted on 06/23/2011 5:40:14 PM PDT
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.....
posted on 06/23/2011 5:40:16 PM PDT
(Trust in God, question everyone else)
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
posted on 06/23/2011 5:42:02 PM PDT
(K.E. N.P. N.C. D.E. +12 ....( History is a process, not an event ))
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.
posted on 06/23/2011 5:44:58 PM PDT
And what would be so bad about the government shrinking, Tax-Cheat Timmy?
posted on 06/23/2011 5:45:19 PM PDT
(Obama: The Dr. Kevorkian of the American economy.)
All the small businesses have to do to escape the taxes is get Turbo Tax. Simple
posted on 06/23/2011 5:46:26 PM PDT
Wow, she was great. Geitner is a more determined socialist than I thought.
posted on 06/23/2011 5:47:16 PM PDT
(HARRY: Money Mob & Influence (See my Expose on Reid on amazon.com written by me!))
Do these people ever just shut up?
Geithner is one of those people who belongs on the wall.
If it ever comes to that...
posted on 06/23/2011 5:48:55 PM PDT
(THE MAINSTREAM MEDIA: Ignorance On Parade)
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!
posted on 06/23/2011 5:50:16 PM PDT
(When there are more people riding in the cart than there are pulling it, the cart stops moving...)
What in the pluperfect hell is wrong with shrinking the government?
Must stop before I really start cursing.
posted on 06/23/2011 5:51:35 PM PDT
by Judith Anne
( Holy Mary, Mother of God, please pray for us sinners now, and at the hour of our death.)
It appears the communists know they’ve only got until Jan of 2013 to destroy America.
posted on 06/23/2011 5:53:17 PM PDT
by Terry Mross
(I'll only vote for a SECOND party.)
taxes... must increase so the administration does not have to shrink the overall size of government programs.
posted on 06/23/2011 5:56:52 PM PDT
(0bama, Making the US safe for Global Marxism)
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.
posted on 06/23/2011 6:00:16 PM PDT
by 2 Kool 2 Be 4-Gotten
(Welcome to the USA - where every day is Backwards Day!)
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.
posted on 06/23/2011 6:00:49 PM PDT
(Xin loi minh oi)
Heard a while ago, the democrats who are on the debt ceiling panel want to lower the $250,000 per family number down to $200,000.
posted on 06/23/2011 6:00:53 PM PDT
(Sarah Palin, the only candidate to be vetted by the NY Times, the Washington Post and NBC.)
Only an incompetent jackass like Obama would raise taxes on small businesses that are already struggling to survive. He has to be a traitor because nobody could be this stupid.
posted on 06/23/2011 6:00:59 PM PDT
(America is being destroyed by filthy traitors in the political establishment)
This is when we need a candidate like Chris Christy that tells the truth to the dark side about where the rubber hits the road.
To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...
Geithner should be doing the perp walk for that remark alone. Thanks jacknhoo.
posted on 06/23/2011 6:43:34 PM PDT
(Thanks Cincinna for this link -- http://www.friendsofitamar.org)
Ignorance must be bliss because TG is really ignorant. If you want to further ruin an economy that he has already ruined just increase taxes on the job-creators. When is this nightmare going to end?
Eddie Haskell has worked for the govt, think tanks, or consultants his whole career.
He wouldn’t understand how a small business makes a profit if it bit him in the @ss.
Tiny TurboTax Timmy has forgotten the first rule of Federalism.....the Feds exist at the whim of We the People..to SERVE the states.
Schoolin’ him is gonna hurt...
posted on 06/23/2011 6:49:44 PM PDT
("If you understand, no explanation is needed; if you do not, no explanation is possible")
The current administration is filled with the insane and traitors. They all need to be arrested.
posted on 06/23/2011 7:28:53 PM PDT
by Scotsman will be Free
(11C - Indirect fire, infantry - High angle hell - We will bring you, FIRE)
posted on 06/23/2011 7:49:45 PM PDT
(Avoid arguments with your wife about lifting the toilet seat by simply using the sink.)
Theory. In reality small business has a much tougher time passing along costs in the form of price increases.
posted on 06/23/2011 8:09:09 PM PDT
(You can safely ignore anything that precedes the word "But"...)
He had his talking points and didn’t want to hear answer her questions.
WRONG SHRINK GOVERNMENT
posted on 06/24/2011 3:10:54 AM PDT
by The Wizard
(Madam President is my President now, and in the future)
Why is it when government wants to stay ‘FAT” we have to tighten our belts again. There is an ‘obesity problem’ all right—it’s a government grown fat while toss ing back the scraps of our labors.
posted on 06/24/2011 5:34:51 AM PDT
by Smokin' Joe
(How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
I was thinking about another finger...
You know Gorrell was thinking the same thing...
posted on 06/24/2011 7:26:51 AM PDT
(I'm jus' sayin')
Timmy does not seem to get it that spending cuts mean shrinking the govt.
posted on 06/24/2011 7:28:42 AM PDT
by Georgia Girl 2
(The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
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