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

[Bodadh]

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

Thursday, June 23, 2011
By Terence P. Jeffrey

(CNSNews.com) - 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.

<snip>

“Looking into the future, you are supporting the idea of taxation, increasing taxes on those who make $250,000 or more. Those are our business owners,” said Ellmers.

Geithner initially responded by saying that the administration’s planned tax increase would hit “three percent of your small businesses.”

Ellmers then said: “Sixty-four percent of jobs that are created in this country are for small business.”

Geithner conceded the point, but then suggested the administration’s planned tax increase on small businesses would be “good for growth.”

http://www.cnsnews.com/news/article/geithner-taxes-small-business-must-rise

  Where do all these idiots come from?!? Really, I would like to know. I am looking for work and these jackasses keep doing stuff like this.

[Rebel]

Just saw this elsewhere. This is the idiot that couldn't pay his own f'n taxes correctly. The destruction is by design. It's either that or it's blatant incompetence from the top down. Either way, they ALL need to f'n go.

[VelvetElvis]

I've come to the conclusion that the Bamster only keeps this putz around because of his almost unique ability to look even more clueless and feckless than his boss.
In a sane world his tax dodging ass would be in the clink breaking rocks.

[NHSparky]

Seriously, give me ONE reasonable justification for the expansion of government.

Oh, and before you claim that government expansion led to increase in GDP, I'll show you in about 3 microseconds that it was in fact the expansion of the economy and resulting rise in GDP that allows government to take more and thereby expand.

[Rebel]

Seriously, give me ONE reasonable justification for the expansion of government.

Just remember, to professionalize, you must federalize.