Quote Originally Posted by psychocat
I often start threads to get a better insight into things I have only a glimpse of , I now have a reasonable idea because of the discussion you folks have been having.
US politics sometimes seems to be a question of who can make up the most shit about each other..
But it doesn't seem all that different here in the UK .. :wtf:
Even if 500k of small businesses fit into this bracket.. Let's say each small business employs 4-5 people not including the business owners, that comes out to be an indirect effect on 2 million Americans... slightly less than 1% of our population; which may not sound like much but that number is significant. In reality the number of businesses effected by this employ more than 4 - 5 people.

A small business is defined by a business that employs 500 or less employee's.

If generating income for Obama's health plan is the true purpose of this tax then the exact same thing can be accomplished by lowering taxes. Through this businesses can do a number of things to increase the VOLUME of which they do business. Which in turn would equal the same amount of taxes or more while at the same time not taking a hit on small or large business.

I simply don't understand why raise or lower taxes at all. The real problem is the spending problem that both republicans and democrats have a like. Our politicians love to spend crap loads of money that don't need to be spent; this should be the real issue that is being discussed.

Simply by reducing spending by 100 billion a year we could reduce our debt by nearly half a trillion dollars by the end of any candidates first term.

I don't see the need to either raise or lower taxes. Raising taxes always hurts the little man in the end; lowering taxes generally never hurts anyone and can be good.. Spending more than your income allows; or in this case the government spending more money than the productivity of the country allows, always results in massive problems. AKA living above your means. Something that a number of Americans are guilty of doing.
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