Tag: small business

No money for infrastructure? Get ready to crumble! July 28: Ed Rendell, former governor of Pennsylvania, talks with TRMS guest host Melissa Harris-Perry about the litany of benefits that would come with more investment in US infrastructure and the certain disaster if Republicans succeed in slashing government spending.

Not only infrastructure but add in alternative energy and new needed grid needs for.  

The concept of “small business” being damaged by increasing the progressive tax rates on what is purported to be them has not been presented correctly.  Keith Olbermann did a pretty good job a couple of weeks ago, but since his show is necessarily fast paced, the point did not make its mark as well as it might have done so.

That is no criticism towards him, because he is one of the “good guys”, but on a TeeVee show there is just not time enough to examine all of the documents that need some detailed explanation.  It he were to go into the detail that we are about to find, his show would be canceled for being extremely boring.

That is the one advantage that I have.  I can show exactly where the fallacies lie, without the restriction of a three minute treatment.  I will admit that he does indeed have a face for TeeVee, and I have one for blogs or radio.

The main GOTP argument for keeping the Bush Tax Cuts in place for the Top 2% — pivots on how it will “hurt Small Businesses” if we don’t.

This simple slogan, fails to take into account one VERY SMALL stat.

[Mitch McConnell] says President Barack Obama’s plan to limit future tax breaks to couples earning less than $250,000 would subject 50 percent of small business income to a tax increase, stalling the job creation engine.

[…]

McConnell’s 50-%-of-income figure is based on a July 12 finding by the Joint Committee on Taxation, … that 1/2 of about $1 trillion of business income in 2011 will be reported on some 750,000 personal tax returns filed by people who pay the top marginal rates.

He calls those small businesses. Yet the report says the data “do not imply that all of the income is from entities that might be considered ‘small.’ ” Almost 20,000 of those businesses, for example, had receipts of more than $50 million, it says.

Would Ending Bush’s Tax Cuts Hurt Small Business?

Ryan J Donmoyer, BusinessWeek – 09/23/10

Behold the GOTP — Defenders of the $50 Million-aires!

There is a crack daylight, that may topple the Republican’s Wall of Inaction.

Voinovich breaks with GOP to push for small-business incentives

Lori Montgomery, Washington Post Staff — Sept 10, 2010

Retiring Sen. George Voinovich (R-Ohio) said he plans to help push a package of small-business incentives through the Senate next week, a move that would give President Obama and congressional Democrats a key victory on the economy in the final weeks before the November midterm elections.

In an interview, Voinovich said he could no longer support Republican efforts to delay the measure in hopes of winning the right to offer additional amendments. Most of the proposed GOP amendments “didn’t have anything to do with the bill” anyway, Voinovich said, and amounted merely to partisan “messaging.”

“We don’t have time for messaging,” Voinovich said. “We don’t have time anymore. This country is really hurting.”

Finally a Republican Senator with some Integrity, who is willing work for the folks, that Voted him into Office  (instead of working against their interests, for his own gain …)

Instead of wringing our hands and exchanging insults and blame —

We should be, getting up to speed on,

How the Republicans Keep putting the Brakes on Progress!

For Example:

Republicans block small business plan in Senate

Donna Smith, Reuters – Jul 29 2010

Obama has been pushing for passage of the lending measure arguing that getting more capital into the hands of independent community bankers would lead to more small business loans. It is supported by independent bankers and business groups.

Since the 2008 financial crisis, small businesses have found it difficult to obtain loans that would help them expand as the economy recovers from the recession.

[…]

Senate Republicans blocked a $30-billion plan to help community banks boost lending to small businesses […]

Some Republicans have cast the small-business proposal as part of what they consider government overreach by the Obama administration.

Huh?  

Helping Small Businesses to put people back to work — that’s government overreach?

On what planet?

The ’99ers’ Share Their Stories

Paul Solman, PBS, MAKING SEN$E — August 6, 2010

I’m a 49 year old single mother of a 15 year old. I was laid off in September of 2008 and my unemployment ended in April of 2010. The way New Jersey calculates your base year made me ineligible for more than 79 weeks.

I apply to just about 50 jobs per week and I went to school and got some medical certifications that are just about useless. Everyone I speak with says “your certifications are great, but we’re really looking for some experience.”

I have been unable to pay my rent since June and expect to be evicted shortly. I have no one in a position to help, and can’t even imagine what it’s going to be like, telling my daughter that we have no home. […] Although I can’t consider suicide, I understand where these people are at!

That was just one of the personal stories out of the MILLIONS of fellow out-of-work Americans,

also known as the 99er’s …

The Reaganomics, working as forecast, not by supporters of!

Why isn’t the economy moving, watch or read this clip report from last night. A simple explanation of how and who controls what, as the repub or conservative meme’s coming from the top to their herds about how their ideology on capitalism and the economy will cause prosperity, especially the continuing saying it will help small businesses develop and grow, for everyone, ‘Trickle Down’. There is very little private capital, their grease for the economic machine, being invested into small businesses as we talk and hear about billions between corporations and wall street and multi millions into the pockets of the corporate execs with ever growing tax write off corporate perks to go along with their huge tax cuts!

On a vote to buck the Banksters and help out everybody except our financial wizards, the Senate passed the Dick Durbin Amendment to reform Debit fees with a whopping 64 votes. In even more unlikely anti bankster behavior, 17 GOP Senators voted FOR the bill.

   As of the typing of this article, hell has yet to begun to freeze.

The final vote tally was 64-33.

Voting in favor: 46 Democrats, 17 Republicans and Independent Sen. Bernie Sanders [I, VT].

Voting against: 9 Democrats, 23 Republicans and Independent Sen. Joseph Lieberman [I, CT].

   Good ole Joey Lieberman. He’s with us on everything but the war and Barack Obama.

   But this is a great win that will benefit everyone who isn’t a MegaBank or n executive or a servant of them, and a win for everyone else, but, as always, politics make strange bedfellows.

More below the fold.

The USA:

Jobs: Small Business Loans Are The Mountain Blocking Economic Recovery

Phillip Williams — Apr 17, 2010

Why Small Business Loans Are Important

The economy has lost 8.4 million jobs since the start of the recession. Small businesses employ the majority of the American workforce, although the largest single employer is still the federal government.

When the economy starts to recover small businesses rely on loans to bring up their inventory levels. Large banks and smaller institutions have been reluctant to introduce new loans after the failure of a large number banking institutions.

Small banks do not have the resources to start lending again, and the number of new loans have gone down since the start of the recession.

Banks that received funds from the Troubled Asset Relief program. The larger banks that were branded as too big to fail have also reduced the number of new loans they make to small businesses. They have reinvested the funds in lower-return, lower-risk treasury bonds instead.

Obama: Small Business Key for Recovery

Kent Bernhard, Jr. — Jan 27, 2010

The president proposed eliminating all capital-gains taxes on small-business investment, creating tax incentives for small businesses to hire new workers and raise the wages of those they already employ, and steering $30 billion in money from the Wall Street bailout to community banks to lend to small businesses.

“Now, the true engine of job creation in this country will always be America’s businesses. But government can create the conditions necessary for businesses to expand and hire more workers,” Obama said. “We should start where most new jobs do–in small businesses, companies that begin when an entrepreneur takes a chance on a dream, or a worker decides its time she became her own boss.”

http://www.portfolio.com/busin…

OK, how will Small Business, get the help they need, to put Americans back on the Road to Recovery?

Health Reform’s Missing Ingredient

By Ron Wyden, Senator D-OR, NYTimes Op-Ed

September 17, 2009

The various bills making their way through Congress would, as the president explained, provide some consumer choice by establishing large marketplaces where people could easily compare insurance plans and pick the one that best suits their needs.

[…]

The problem with these bills, however, is that they would not make the exchanges available to all Americans. Only very small companies and those individuals who can’t get insurance outside of the exchange – 25 million people – would be allowed to shop there. This would leave more than 200 million Americans with no more options, private or public, than they have today.

http://www.nytimes.com/2009/09…

Wait a second, I thought the Public Option, would give us a Choice —

give US ALL a Choice?

The Insurance Exchange will be closed to “more than 200 million Americans”?

that must be a typo!?!

Well according to this former HMO Medical Director, she traded Necessary Patients Care, for Career Advancement and a 6-figure Salary:

Linda Peeno MD, testifies



http://www.youtube.com/watch?v…

Question: Are the Patients, who are Denied Care, to save the Insurance Companies Money — DO those Patients have a RIGHT to their Health Care?

Or are Those Patients simply a Commodity — a “Cost Center” — that must be constantly constrained?