With the stimulus package there are built in tax credits for small businesses and SBA...sm
Posted By: Cyndiee on 2009-03-01
In Reply to: And think of the small business owner...sm - Confetti
I have worked in retail as an assistant buyer and see their profit margins...and I know there are many legit, honest, mom and pop stores, but they usually make up for it by hiring school kids for slave wages and also family members. I am talking about across the board, in factories, retail, hospitalitiy, techno, every sector, these workers would all be paying more EACH WEEK into the the tax stucture in this country, strengtheing our reserves, becomeing consumers themselves because they can finally afford something....I feel like I dropped from another planet here, or industry in MT is not the norm by far.
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Maybe if small businesses like MT companies
receive a tax credit as a reward/incentive to keep jobs INSIDE the USA, that policy will help American MTs.
That's Obama's policy.
No, mine doesn't, but many small businesses...
including mid range transcription business who operate as S corporations, the entire income from their business is in that bracket and taxed as personal income. It is going to hit small businesses extremely hard. And I don't think it is fair that they have to pick up the tab to pay for tax CUTS for people who are already in the lowest bracket. I don't think that's right, I don't think that is fair, and it will result in businesses closing or laying off workers. So tell me what pray tell does that accomplish?
Obama wants to grow small businesses
I can stick my head in the sand and pretend I don't know what this garbage is all about but anyone with half a brain would know you can't grow a business when you continue to pay pay pay through the nose AND give it to someone who has no motivation to do crap with their life.
Obama wants to give small businesses tax relief not...sm
raise their taxes. He wants taxes raised on large corporations who are making record profits, paying their executives millions in salaries and perks per year. Also you will find that most companies offshore to countries where they pay pennies on the dollar to workers rather than pay Americans a living wage. These countries are happy not to charge them high taxes because those few pennies feed their people.
stimulus package
Has anyone heard anything about the stimulus stating that if you're white, do not apply?
Stimulus Package
I've read a lot about it on line and decided to get the info from the government itself.
Division B is where the so-called stimulus for us is located. A whole 5 pages or so. The rest is for millions and billions to go to:
Agricultural Research Services, buildings and facilities
Farm Bureau Salaries and Expenses
Natural Conservation Sevices Watershed and flood prevention operations, watershed rehab, fisheries
Rural Development Programs, rural housing services, utilities including distance learning, telemedicine,and broadband program
Bonneville Power Administration
Appropriations Transfer Authority: Department of Energy for `Energy Efficiency and Renewable Energy', `Electricity Delivery and Energy Reliability', and `Advanced Battery Loan Guarantee Program'
Financial Services: GSA, federal building fund,energy efficient government motor vehicle fleet procurement
Then we come to small businesses. Economic Stimulus LENDING for small businesses.
Shall I keep going or does everybody get the jist of this so-called stimulus package?
Stimulus package, etc.
I absolutely agree with you. You are 150% right.
Boooo... stimulus package
Is anyone else not happy about this stimulus package? 
Stimulus Package breakdown
I know some of you don't like Glen Beck, but he has broken it down by the numbers and provides links so you can check the facts yourself. It sounds okay until you get to the heading: "When is the money going to be spent, and on what?"
http://www.glennbeck.com/content/articles/article/198/20639/
Stimulus package -- what the pubs want..(sm)
http://video.google.com/videosearch?hl=en&q=pete%20sessions%20taliban&um=1&ie=UTF-8&sa=N&tab=wv#
Stimulus package could be hazardous to your
health. Take a look at this little hidden jewel.
http://www.bloomberg.com/apps/news?pid=20601039&refer=columnist_mccaughey&sid=aLzfDxfbwhzs
What dribble and so uninformed, he isn't taking money from small businesses, geez.
Common sense should tell you he is not saying he is taking the money from small business to give to the the middle class.
he is saying he wants to tax fairly the wealthy (businesses over 250,000) and probably take some of the loop holes away. Lower the middle class taxes (if there is one anymore) so we can breathe. Former statesmen have said it is dangerous to put all the money in so few hands, it develops corruption. Don't just read the headlines, read between, on top, in depth, etc. McCain jumped on that statement to win votes. He is wealthy, what makes you think he understands you? The reason our jobs are going overseas is the present adminstration has given all these corporations tax breaks to do so - saying it builds global democracy - it didn't work, it just made the corporations richer). i don't care who you vote for but Ms. Piggy would be better than McCain and dum, DE dum dum.
Yet we get on this board and moan and whine about not getting paid enough and companies are spening millions buying other transcription companies over our backs you think taxing them fairly is socialism.
I am through with this board, it is sad so many want 4 more years of the same. Keep working for pennies while benefits are taken from you, lines per are decreased. Do you think getting less for voice is fair when it takes almost the same amount of time to do it and make half? Do you think the company is taking that much of a hit? Yet they are forcing it so it most be a benefit to them. They are laughing all the way to the bank while you eat the feathers.
Healthcare provision in stimulus package
Apparently this was added in at the last minute by an unknown. I heard bits and pieces about this today in between working, but never really got the whole story. Did anyone get the whole story?
Congress now looking at THIRD stimulus package...yippie!!! More of .
))
Obama’s Stimulus Package: A Pricey Experiment ..sm
I am especially concerned with the question and comparison regards to homeowners in the second to the last paragraph.
Obama’s Stimulus Package: A Pricey Experiment
By Andrea Tantaros
Republican Political Commentator/FOXNews.com Contributor
President-elect Barack Obama is prepping to jam another massive stimulus plan down our throats. Lately the president-elect has been hitting the media circuit to sell this monstrosity and each time he launches into his pitch he proves that what he lacks in actual specifics he makes up for in vocabulary. But is this bloated bill just a ruse for another big, federally funded bailout for struggling states?
Obama
According to Obama, his road and sewer stimulus package would pump billions into things like “infrastructure” and “green jobs.” Wait a minute, nobody is saying that the failure to spend over $700 billion on roads and sewers created this mess, and no one saying that new sewers will get us out of it. Obama has insisted that we must invest in what works. How do we know green jobs will work and provide a return? We don’t. And it’s quite a pricey experiment to find out.
What’s most troubling is the notion that more taxpayer money is heading right for states that are in the red. Just a few weeks ago, governors and mayors made their way to Washington, DC to hound Obama for a handout. Now mayors across America have submitted over 11,000 proposals for some bailout cash including one to fund a mob museum in Vegas. Talk about a real gamble in Sin City. Is Tony “The Ant” Spilotro really our best bet?
Take New York for example, a state that’s in financial ruin. The Empire State is facing a $15 billion budget deficit. Why would we encourage a state that spent itself into disaster to spend more? There are workers already repairing sewers and roads around the Big Apple and America. Will Obama give money that will be spent on existing jobs or hire thousands of new sewer workers?
According to Obama, “only government can break the vicious cycles that are crippling our economy…where an inability to lend and borrow stops growth and leads to even less credit.” What our future president doesn’t understand is that the vicious cycles were caused by the government through the creation of Fannie Mae and Freddie Mac, and the refusal to regulate, in part because there was a belief that a regulation would prevent the prosperity associated with owning a home. How do we expect government to be part of the solution? According to CNBC we have allocated 7 trillion to fix our economic crisis and there is $300 billion currently left in TARP. Is that not enough?
Obama is refusing to ask the same question that homeowners didn’t answer when the mortgage mess was going on: Can we afford to borrow this money? At some point we are mortgaging our national security by letting developing countries buy our debt. The more we spend the less we have to spend on our national defense. What if China develops a distaste for buying our debt? Maybe refusing to borrow more money might be the best thing for us. Sort of like the way parents cut off a frivolous child’s allowance.
On the campaign trail Obama campaigned for balanced budgets. This might be his first broken promise. While we wait to hear answers about what this massive deficit spending will do to our currency, to inflation and to our national security even Obama admits that his recovery plan alone will not solve all the problems that led us into this crisis. (So why are we doing it??) I’ll tell you what, for a trillion dollars, it better.
http://foxforum.blogs.foxnews.com/2009/01/13/tantaros_stimulus/
You are completely skipping the part about the stimulus package
It is on his own blog! How is that fair in the least little bit? So because my husband is a white construction worker who has worked hard ALL his life, payed his way through college without taking out loans or borrowing money (it took him six years to graduate because he was working and taking classes) took out a mortgage that he could handle, yet now due to the housing crisis and economic crisis is getting the short end of the stick, just because he is white he shouldn't be included in this package?
And someone attacked me earlier for being racist and saying that maybe he just wasn't the "best candidate" for a position. I think I can 100% say it didn't matter if he was the "best candidate," it mattered that he wasn't a minority.
This is so out of line. There is no such thing as EQUALITY. Never will be.
The real story is that this is supposed to be a stimulus package.
I can see from your post how this would help save states money over time, but how would it help stimulate the economy now? It wouldn't and that's why people are so upset.
The real story is that this is supposed to be a stimulus package.
I can see from your post how this would help save states money over time, but how would it help stimulate the economy now? It wouldn't and that's why people are so upset. Even Obama has said that if it doesn't create a job or save a job, it doesn't belong in there.
Obama hopes the stimulus package is large
How is paying for somebody's birth control gonna produce jobs or a 20 MILLION dollar minor league baseball museum, 20 million dollars at a zoo, OR 1.5 million to reduce prostitution in Ohio? This is nothing but a pork barrel project.........isn't that what Obama said he WOULD DO AWAY WITH? All pork barrel spending? What a joke!
Kinda makes me rethink the whole stimulus package........
Evidently Pickens Plan was incorporated in there..........as much as it was allowed!
Liar, liar - Sen. Dodd Admits Adding Bonus Provision to Stimulus Package
http://www.foxnews.com/politics/first100days/2009/03/18/sen-dodd-admits-adding-bonus-provision-stimulus-package/100days/
Not about how fast Rome was built....
but how fast it FELL.
Don't cross a bridge that isn't built yet, if ever
I didn't vote for Obama, but I'm not upset that he won.
Reality check: Rome wasn't built in a day.
su
of course, do you not take all the tax credits you can?
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tax credits -
Okay, I see it -
the mortgage credit clearly says it will provide an average of $500 to THOSE WHO DO NOT ITEMIZE. People who itemize already get to count that. If you own a house and have a mortgage, clearly you are working.
School tax credit - Clearly, if it is a SCHOOL credit, then you have to be going to college and in 4 years or less you will be gainfully employed at a salary that will make you PAY TAXES - Sounds like a good investment to me...
and the make work pay - well you have to be working to get it and the people who will qualify for that already get the EIC anyway, so it is not going to make a difference...
With all the incentives, tax credits, encouragement and
proposed in Obama's plan, it is not likely that he will be fining them out of business over health care insurance. You do raise an interesting question, though, and I would be curious about that myself.
Bringing the refundable tax credits to the top,,,
Took some looking, but found it.
o A $1,000 “Making Work Pay” Tax Credit. For 95 percent of workers and their families—150 million
workers overall—the “Making Work Pay” credit will provide a refundable tax cut of $500 for workers or
$1,000 for working couples. This credit will benefit over 15 million self employed workers and for 10
million low-income Americans, will completely eliminate their federal income taxes.
o A Refundable $4,000 American Opportunity Tax Credit. Barack Obama will provide a $4,000 fully refundable
tax credit to ensure that college is affordable for all American families. This credit will cover
100% of the first $4,000 of qualified tuition expenses, making community college essentially free and
covering about 2/3 of the cost of public 4-year college.iv
o A Universal 10% Mortgage Interest Tax Credit. Barack Obama will provide a 10% refundable credit to
offset mortgage interest payments and make homeownership more affordable for lower- and middle-income
families. This universal credit will provide an average tax cut of $500 to 10 million homeowners who do not itemize.
I see refundable in there a few times. And there you have the low income folks who will, with the help of this "credit," ELIMINATE their federal taxes. Who is going to take up that slack?
Or we'd be BROKE buying his carbon credits
while he's rolling in the dough.
Those "small" businesses are the mom and pop...
type who don't have many employees. The small businesses who will be hurt by Obama's plan employ 25-100 people. More taxes on them, more capital gains taxes, they will downsize or close and stop investing because they can't afford it. There are thousands of those kinds of businesses across this country and they employ a significant number of people. It is not just the business owners who suffer....it is the people they employ.
We are not a nation of businesses.
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Obama will CAUSE more businesses to go
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Big businesses........well they wouldn't have to
if we'd stop taxing the crap out of them. This country taxes the crap out of businesses at an alarming rate, when they can go to places like Ireland and have an 11% tax rate. They go to other countries where they don't have to pay those ridiculous taxes. That's the entire problem here. MORE TAXES! Those companies that do stay here, in order to cover their HIGH TAXES, charge you more to cover it for them. That's the point some of us have been trying to make. Obama wants to raise their taxes and I can guarantee you those that are still here will be gone in a flash. YOu get stuck on this big business hiring cheap labor. Well, they would be hiring you if your government would stop taxing the crap out of them.
That's what McCain has said during this entire campaign. STOP TAXING THE CRAP OUT OF THEM and stop running them off and we'll have more jobs brought back here. OBama says TAX TAX TAX them some more and they'll help pay for all of us. BULL!!! Those corporations won't pay him taxes. They up the cost of products and we pay it for them. Obama knows that. This man is a crook through and through....believe what you want. You darn right businesses want huge tax breaks? Wouldn't you? Oh well, maybe not. After all, O lovers love more taxes.
If you're so worried about the little guy who pays too much for his goods, then why not ask Obama why he wants to raise taxes on those very businesses who will turn right around and put them off on you, making everything you buy even higher!
And since you're so down on the big businesses, though I'm not sure what you call big business, who do you think hires everyone else? Poor people? You won't have to worry about the unemployment rate if O gets in there. He'll have taxed and mandated them right out of business and out of this country. The businesses that WILL be hurt are the very businesses you count on day to day and you don't even know who they are. I do. My husband works for one of them. They don't have a big name but they are the very reason you have your grocery store shelves with food on them and many other products. People that think like you don't have a clue all the businesses you use every day that are NOT rich, but they help sustain the very community you live in. They can employ anywhere from 10-200 people and believe me, that is NOT a RICH business but Obama will tax the businesses right out of business. They cannot afford all those mandates and garbage policies he wants to throw in there.
The florist in your town. Well, they're gonna close. They would fall into that MEAN RICH BUNCH all of you hate so much, as well as so many other companies you depend on every day. You've just got your mind so focused on the hugely large corporations, you can't see past that.
Well, when your town starts laying off hundreds at a time from all those businesses you thought you detested but then realize too late those aren't the ones you were thinking about, maybe you'll see it differently then.
Everyone is so focused on all the Wall Street crowd, they have failed to realize that crowd won't be hurting at all. You will and all those businesses that keep you and your community alive and well.
This is the fault of dems and republicans alike, not just one side.
You want to talk shafted, just wait till your local A/C guy can't even run his business because Obama has deemed him "RICH".
Right, Sam! If businesses are taxed more, they are
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Dont you get it?! Businesses WILL go overseas
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Oh, and BTW, $250K is not wealthy businesses
They're middle of the road, just making it businesses. They don't employ 3000 people like big business and they will be hurt the most. Big business will pass the tax increase onto the taxpayers. They'll be able to find loopholes with their 30+ laywers (exageration) who are paid to do that.
Wake up and take the blinders off!
The big green businesses are already overseas.......
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American businesses and individuals should all
nm
A government that taxes businesses into the ground...
is a main cause of offshoring. It costs more in taxes to do business in America than any other country in the world save one. And Obama wants to tax them even more, even the small business owners of the S corporation type. In order to fund a cut in tax for the people already in the lowest bracket who pay the lowest amount anyway. Thereby causing more small businesses to fail or cut back on staffing...causing more job loss instead of job creation. Sorry...that makes no sense to me.
Capitalism is when private owners run businesses
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blame it on businesses who won't clean up their trash..................NM
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Not in time for Chrysler, its employees, downstream businesses
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So businesses can use foreign labor for their products and services? nm
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Most of what is in the package O wants
are for PERMANENT jobs; i.e., those jobs will never go away, but they are for jobs that will not help the average person. We will be paying forever for those jobs.
As I said before, stimulus means jobs, tax cuts, housing fixes, etc. What most of the package contains is stuff that should be in a regular budget. Cut it from 600-something pages down to 4 or 5, or at least 10 at the most, and you have something.
I posted McCain's amendment above.
For the original package...(sm)
but unsure if it will help as it stands. The popularity of the against vote for the bill has been fascilitated by some keen advertising on the pub side. I'm hoping Obama will call the pubs out on tonight's address and point out exactly what it is that pubs want in the bill (more tax breaks for the wealthy that we can't afford), and in particular, which pubs want it. If he does that keep your eye on the polls. People will be outraged.
It's done. He just signed the package.
Got a kick out the guy who owns a small business out there. So young and employs 55 people in 3 years. He mispronounced Biden's name and everybody laughed. I don't think he realized what he did. He was nervous.
I never met a soldier who didn't want a package.
Bringing them home does not enter into this. Yet AGAIN you cannot stop your political agenda long enough to think of just the troops. I know now it is impossible. We all want them home. ALL OF US. It's just that some us would like to make their lives as easy as possible while they are away, and SOME OF US WANT TO SAY THANK YOU.
The O also voted for the bailout package. (nm)
x
I've read too much about this package
and it will not help the people that need help. It doesn't provide help to the regular "joe's" out there that need help. It is all about the greed again. Most of it will only help regular "joe's" by the year 2011, not now. By that time, we will either be down the tubes or everything will have corrected itself on its own.
I don't think government should meddle in ways to try to turn the economy around. It only mkes it worse. Look at all the handouts in the first stimulus package. Did the regular "joe's" get any help out of it? Nope. It will be the same with this one. Did you see Glen Beck's breakdown on the package posted below? If not, I suggest you look at it or else I can post it here.
It goes to show that the democrats don't give a darn about us, just their agenda even though 11 democrats voted against it. That has to say something. Evidently, the democrats (and I don't mean this harshly) didn't get enough calls from their constiuents to knock this package into oblivion. They were in a hurry to pass it? Why? Not because it would help us, but because they wanted it passed before anyone really got a chance to see what it entailed.
Sorry, but I disagree with you whole heartedly. This will not help. It will only hurt. This will take our dollars down to zero and the next thing you know, we will be taking wheelbarrows of money to the store to buy a loaf of bread if you can even find it in the stores.
I've been taking the package apart.
I see no jobs for this area.
In fact, 2 years ago, they turned a whole mountain into windmills. Who has those jobs? The company that put them there. Their guys come from another state to maintain and repair them. No locals are employed by that company. Doesn't make sense but that's the way they do it.
Poll: Are you for or against the stim package?
I am against it.
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