Quote:
|
And how did that work out?
|
The economists say pretty well, but we needed more.
Quote:
Obama's "targeted tax breaks" are a joke.
Most are tax credits which tend to be useless if you dont have the money to spend to qualify.
|
Don't worry. You just said we can suffer a 10-15% loss in business income and it won't matter, because the 85% will still be there.
The credit crunch is indeed a bad business thing for cash flow. Yet the GOP won't allow the banks to be forced into any emergency regulation to lend more readily (can't blame them, mortages didn't work well) in a time of record profits (the banks holding on to their money, instead of lending it) So that's a huge problem getting the recession restarted.
Quote:
|
threatening to let the Bush tax cuts expire for $250k and up earners (where a huge portion of small business owners are).
|
The Dems went up to a million (where the vast majority of "small businesses" are) but the GOP voted that down. That's too bad.
We also have a little problem with excessive debt. Cutting spending alone won't get rid of that, we need more income. We can get rid of a huge percentage of that in one move. Best that income come from as few people as possible (highest earning 2% of Americans), who can most afford to have their tax rate on the
adjusted gross income go from the special lowered 36% rate go back up to the 39.6% it was during the non-deficit years.