"The tax burden on small business owners has never been higher. And Obama threatens to make it far higher- perhaps an unimaginable ten times higher ... "
and thus his insistence that tax hikes be part of any debt ceiling compromise is totally cynical if not vicious.
of possible interest
Make it easier for businesses to operate, and there will be new jobs, and more taxpayers. That’s the only way to generate more tax revenue that is good for the country.
Don’t believe Obama ever. Just imagine Obama mating with Casey Anthony. What a liar.
First: The Social Security and Medicare withholdings ARE NOT TAXES. Conservatives need to stop calling them taxes, because when we do, the liberals say, "See, poor people do pay taxes."
The Social Security withholding is a contribution to a national public pension plan. The promise is that it will be returned. That's NOT a tax, any more than your 401(K) or IRA is a tax.
Same thing with Medicare. That's also not a tax. It's a contribution to a national health care program for Seniors, and again, at a certain age, the promise is that it comes back to you. It's a public insurance plan, and it's NOT A TAX.
Second: The enormous tax burden is bad, but it actually pales in comparison to the regulatory and litigation burden on businesses. Corporations and S-Chapter single payer filers are not sitting on top of a ton of cash because of a fear of taxes. They're doing so because of a fear of regulation. No one knows how much 0bamacare is actually going to cost. No one.
It has never in history been harder to start a new business. It has never in history been harder to hire a new person. It has never in history been harder to stay in business once in business because of regulation and the fear of wealth destroying litigation.
In addition to demanding $1 in cuts for every $1 increase in the debt ceiling, we should also be demanding removing 1 page of the Federal Register for every $1 billion in debt increase. The Regulatory state has now grown unabated for more than 25 years. That -- even more than spending -- has GOT to stop.
It's like getting in bed with the devil. You're gonna get burned.
With the budget cave-in about to occur my guess is Palin is about to announce a third party candidacy.
It doesn’t matter what they say if they spend money they must repay it with tax dollars. Every increase in spending is a fundamental increase in tax. Anyone who does not understand this should be ineligible to vote. Those who understand but think increased spending is a good thing should likely be investigated for sedition.