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what creates more uncertainty for owners of businesses...is whether or not their taxes are going up

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uppityperson Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-27-08 07:19 PM
Original message
what creates more uncertainty for owners of businesses...is whether or not their taxes are going up
One of the things that's important in law is to encourage certain behavior, and the stimulus package we passed encouraged investment. And so the -- these guys were showing me a new laser machine they purchased this year, and they purchased it this year because the stimulus package provided a tax incentive to do that. And the reason why that's important is when the economy slowed down, we wanted to stimulate activity.

And so the fact that they purchased the machine meant somebody had to make the machine. And when somebody makes a machine, it means there's jobs at the machine-making place -- plus their employees are more productive, they're more competitive. It makes it more likely they're going to keep their business and expand their business.

And so the first thing I want to do is, one, thank you for being entrepreneurs, and two, remind our citizens that this stimulus package that we passed in Congress is just beginning to kick in. And it's going to make a positive contribution to economic growth.

(clip)

See, we have times of economic uncertainty right now, and what creates more uncertainty for owners of businesses like these is whether or not their taxes are going to go up.

And Congress ought to just declare once and for all we're going to make the tax cuts we passed permanent -- add peace of mind for these businesses leaders; it'll make it easier for their employees to keep a job; it'll make it easier for them to do what they want to do and take care of their -- people that work here.

http://www.whitehouse.gov/news/releases/2008/05/20080527-9.html

Argharghargharghargharghargh

Stuff I purchase for my business was made last yr, has nothing to do with "stimulating the economy" bs going on and no, what creates more uncertainty for my small business is whether or not anyone will have any money left after buying food and gas to get to work.
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CC Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-27-08 07:26 PM
Response to Original message
1. This business owner could care less about
taxes right now. My uncertainty is how much fuel (aka gas) will cost me and how much shipping with cost me. Both of which I am pretty certain will keep skyrocketing up. The only uncertainty would be how high.




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Bob Dobbs Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-27-08 07:44 PM
Response to Original message
2. My small business cynically targets the elite demo.
We chose that strategy long ago, seeing the destruction of the middle class.

Our clients' $2-10mil houses are still selling like hotcakes.

I'm a hypocrite, I know, but just trying to survive on the crumbs falling from the elite's table.

The little I am actually making is quickly being swallowed by trying to survive, but until the revolution, at least the trickle is still coming down.

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