Friday, February 27, 2009

The Wingnut Gospel: Obama will Kill Small Business

Yesterday, Media Matters, published a great article entitled "Washington Post and New York Times let Boehner revive small business tax falsehood." I encourage you to read it.

Sometimes, however, even greater insight can be found in the comments than in the article which prompted them...here are some of my favorites...

From Nerzog:

I guess the Replutocrats think that if they keep repeating this lie, the Media will stop bothering to correct them..... oh, wait, it's already happened.

The Democrats need to take it upon themselves to publicly debunk this myth as often as it takes. As media savvy as they are, Obama's team doesn't seem to realize yet that the Replutocrats own the media, and they'll have to find alternative means to get the truth past all the bullsh*t.

I particularly like the term: RePLUTOcrats....and think I shall adopt it.

And here is another insightful comment, this one from Snoopy:

My experience these last few years is that tax cuts puts more operating capital into the owner's pocket who in turn uses that capital to outsource manufacturing to china and india, thus putting even more capital into his pocket. Who needs quality when you've got 3 billion potential customers who think transister radios are awesome technology!

A great discussion on corporate vs. personal taxes took place between neon desert and nerzog . Here's the take-home:

I was under the impression that incorporation legally segregated the individual from the business, thereby protecting personal property from liabilities incurred by the business.

That being the case, anyone making >$250k/yr from their small business who hasn't incorporated should be assessed a stoopidity surtax anyway.

You said it, buddy.

And last but not least, some great advice from Col. Harlan Sanders (no, probably not THAT one):

These are the questions I keep asking the conservatives on this issue. I'm just going to copy from a recent thread;

Do you own a business? If so, have you ever let an employee go, or decided not to hire a new employee because your taxes were raised?

Do you work for somebody else who has done these things?

Do you know anybody personally who has?

Friend of a friend?


Fictitious right wing email claiming to?

An example , with the essential numbers in revenues/expenses that is feasible?

Cheney2012, to his credit, at least tried to fake a generic anecdotal answer;

"I have known several business owners over the years who have SHUT DOWN completely because of increases in taxes."

What I never get is a credible example. I've owned a small business, I've worked for small and large companies, and have never seen an employer eliminate or add a job because of taxes. It's part of the Wingnut Gospel, and is used as a given, a starting point for their arguments, something that happens all of the time, but something that I've never seen a real world example of.

I'm not saying it's impossible, I'm just asking that anybody who wants to use this as a common occurence cite some reality-based example. Maybe some numbers, some specifics on the company, where were the revenues and expenses when this company decided it was better to pass up those profits than to pay taxes on them.

I've seen taxes used as an excuse by people who couldn't run a business, maybe that's the bottom line.

Great Discussion.

1 comment:

Anonymous said...

Actually I am a small business owner and I had the lay off 2 people to take their salary to pay taxes after moving from NYC to Philadelphia.

Let's people do what they want, but don't make ME pay for it.