Tommy Gun
Charter Member
So Obama has an idea for a new jobs bill, so first off I guess he's admitting that the first HUGE bill did not create the jobs anticipated and second, his new proposal is to give small business a $5,000 tax credit for every new employee hired. Having owned a small business for the last 20 years I'd have to say this proposal is virtually worthless. In order to hire, revenue needs to increase...his proposal does nothing to address this. If I hire someone at $50k per year and provide benefits it will cost me $60k, wow I get a $5k credit, so without additional revenue where is the other $55k supposed to come from?
I'm sorry but this is an idiotic proposal. IT'S THE ECONOMY STUPID!
Now what would help is a payroll tax reduction and increasing/continuing the incentives to assist in depreciation of cap ex. Those would increase the bottom line.
Next Obama offers no capital gains taxes on small business. What small business has a capital gain (unless the business or a part of it is sold)? I haven't had a single cap ex in 20 years that increased in value...there are no capital gains...this is also idiotic.
The problem with our President is obvious, he has never managed anything let alone a small business...and basically has no fvcking clue.
If the morons would have in fact provided money for new infrastructure, including schools and municipal facilities (buildings, not just bridges and highways) instead of all the entitlements we may have seen some improvment in the job numbers. Instead the States took that money to prop up their own budgets and save State gov't jobs....(so you say great, look they did save jobs!); so what happens when the stimulus money runs out? Right back to where we would have been. Cutting State jobs and slashing State budgets. Idiots.
I'm sorry but this is an idiotic proposal. IT'S THE ECONOMY STUPID!
Now what would help is a payroll tax reduction and increasing/continuing the incentives to assist in depreciation of cap ex. Those would increase the bottom line.
Next Obama offers no capital gains taxes on small business. What small business has a capital gain (unless the business or a part of it is sold)? I haven't had a single cap ex in 20 years that increased in value...there are no capital gains...this is also idiotic.
The problem with our President is obvious, he has never managed anything let alone a small business...and basically has no fvcking clue.
If the morons would have in fact provided money for new infrastructure, including schools and municipal facilities (buildings, not just bridges and highways) instead of all the entitlements we may have seen some improvment in the job numbers. Instead the States took that money to prop up their own budgets and save State gov't jobs....(so you say great, look they did save jobs!); so what happens when the stimulus money runs out? Right back to where we would have been. Cutting State jobs and slashing State budgets. Idiots.