So Government Doesn’t Shrink...

[Will E Worm]

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

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.

Article


The federal government must shrink.

Boehner to Democrats: Stop Pushing Tax Hikes

House Speaker John Boehner Thursday said Democrats must abandon any tax increases if negotiations on deficit reduction and an increase in the debt limit are to continue.

Boehner, speaking to reporters, said no tax hike would pass the Republican-controlled House.

Article

:dito:

Yeah! Take that! :tongue:

 

[E-Ann-Hilden]

I have too agree on this one, small businesses do need more tax breaks. I dont mind taxes increasing on household income say 500K or more, but 250K household income is not super rich in my opinion. Maybe the current 35% on the first 250K and 38% on additional income.

 

[Straight Shooter]

Tax cuts do not work.

 

[Will E Worm]

Tax cuts do not work.

Boehner to Democrats: Stop Pushing Tax Hikes

They do work.

 

[Straight Shooter]

Boehner to Democrats: Stop Pushing Tax Hikes

They do work.

You know nothing. Take your blinders off.

 

[Will E Worm]

You know nothing. Take your blinders off.

:nono:

Trident1 will be on soon enough to straighten you out.

Facetious too. :elaugh:

 

[Straight Shooter]

:nono:

Federal taxes on companies and individuals are already at the lowest level they’ve been in more than 40 years. As rates have declined (and corporate loopholes proliferated), so have government tax receipts. Federal revenue plunged after George W. Bush cut taxes and rose after hikes under both his father, George H.W. Bush, and Bill Clinton. Less revenue means less investment in the kind of federal programs that stimulate growth, such as on education, public infrastructure and drug research.