ManusJustus said: Senseinobaka, this is where not being a complete idiot helps.
Obama's plan helps corporations and large businesses create jobs for obvious reaons. Concerning small busineses where the owner pays on his individual income, the increase in taxes will be very small, but that will be outweighed by the fact that their customers (middle class Americans) will have more money to spend and thus give them more business. |
Corps and large businesses are excluded from this conversation for several reasons. Here a some:
-they have the means to move to another country with favorable taxes
-they can pass the increase in cost to the consumer and risk less demand
-they can lay off large amounts of employees
I couldn't care less is Obama's plan helps corps and large businesses, they don't represent 80% of job creation or the largest segment of the economy, small businesses do.
I have not read anything in Obama's tax plan that says he plans on increasing the tax on the top 1% of income owners at different rates based on if the person is in that bracket because of running a small business. If he did say that then it would be an infinetly better plan.
Also, here's another home study. Just try it out. Find someone in the nieghborhood you live in who owns a small skilled-labor business. When that person gets home at around 8PM from work, knock on his door and ask him how many people he employees. Then ask him how being forced to pay an additional 12k or another 3k quarterly in taxes will effect their employment. And as he's answering that question keep in mind that the Liberal Congress has already increased unemplyment from historical lows to well above 6% in less than 2 years.