Tim Griffin’s campaign is forwarding around portions of this article detailing the fears of “small business owners” that the Bush tax cuts will be allowed to expire. The full email:
Karen Port of St. Louis fears that President Barack Obama’s plan to let tax rates rise for top earners will be a double whammy for her hot-tub dealership.
Not only would the company—which takes in between $1 million and $3 million annually in gross sales—pay taxes at a higher rate, but the tax increases could leave less money for customers to spend on her high-end products, said Ms. Port, co-owner of Mirage Spa & Recreation, Inc.
…
Democrats say the tax cuts for the wealthiest must be allowed to expire in order to begin to reduce the federal budget deficit, expected to top $1 trillion next year.
But some business owners—and even some Democratic politicians like Sen. Kent Conrad of North Dakota—are questioning the wisdom of doing so when unemployment remains at a discouraging 9.5%.
“I am the guy who is supposed to be responsible for creating the jobs,” said Ryan Robinson, co-owner of Irving, Texas-based Signal Metal Industries Inc., a maker of heavy machinery for the steel and mining industries.
“When the economy is teetering, and you’re worried about having a double dip [recession], is it really smart to not renew those tax cuts?” said Mr. Robinson.
…
Some firm owners just want Congress to make up its mind. “It’s August, and we still have so much uncertainty. How can I plan on what I want to invest next year?” said Ron Bullock, owner of St. Charles, Ill.-based Bison Gear & Engineering Corp.
It’s the same old line-if the regressive tax cuts are allowed to expire (and Griffin’s team fails to mention that Obama has proposed extending the tax breaks to middle-class Americans, which the article notes), then the sky will fall, small business will suffer, the economy will tank, etc.
Yeah, let’s review a little-Bush pushed these tax cuts through. What happened? Oh yeah, the economy tanked and not a single job was created on his watch. Yeah, such a big help they were. Clinton increased taxes on the rich to address the budget deficit and the economy boomed. It’s the great thing about supply side economics-it’s been refuted time and time again by a little thing called reality.
Oh and those “small business owners?” Yeah, they were doing pretty good under the Clinton tax rates as I recall.
There you go bashing employers.
I didn’t know you could be so anti-worker.
That is a pretty bad reading of the post BurnNotice.
Those Bush tax cuts sure helped our economy! (sarcasm)