Obama gives it to Small Business, in the neck.
Money Q:
"Small businesses are facing the most hostile climate in a generation, and it is not just the slumping economy and credit crunch. With the quiet scrapping of the $3,000 job creation tax credit — which was “never set in stone” according to a senior Obama adviser – there is no more small business tax relief on the horizon. (Clearly, campaign pledges are only valid if chiseled into tablets, Ten Commandments-style.)"
"Studies have shown that 2/3 of all millionaires are small business owners."
ReplyDeleteStats like this are so bogus it isn't even funny. A lot of these people are also large-business owners or CEO's, etc.
George Bush counted himself a small business owner because he had some interest in a small business among the big business interests in his portfolio.
Also, comparing the few small companies that grew to become practically monopolies is a false argument. Most small businesses are local bars, barber shops, hair & nail salons, local insurance offices, deli's, etc. None are really candidates to be multimillion dollar enterprises.
The small business owner is GOP code for rich big businessmen that want to gain some benefit that they pretend would help a small business.