Is Obama better for small businesses than republicans?

[whork25]

Got this from  another thread:


Some basic facts:

    * Obama has passed 25 separate tax cuts.

    * Obama’s stimulus package included $300 billion in middle class tax cuts — one of the largest in history.

    * The recent healthcare reform law includes tax credits and savings for small businesses and working people.

    * Unlike President Bush’s 2001 tax cuts, which went to the wealthiest 2.2%, President Obama’s tax cuts overwhelmingly benefit working and middle class families — 95% of all Americans.

Here are some of the new tax credits available through the Recovery Act alone that you may be eligible for:

    * The Making Work Pay tax credit – Ninety-five percent of working families are already receiving the Recovery Act’s Making Work Pay tax credit of $400 for an individual or $800 for married couples filing jointly in their 2009 paychecks – and will continue to see these benefits in 2010.

    * Tax credits for college expenses – Families and students are eligible for up to $2,500 in tax savings under the American Opportunity Credit as well as enhanced benefits under 529 college savings plans, which help families and students pay for college expenses.

    * The Homebuyers tax credit – Homebuyers can get a credit – up to $8,000 for first-time home buyers and up to $6,500 for upgrade homebuyers – for homes under contract by April 30, 2010 and purchased by June 30, 2010 under the Homebuyer tax credit. Over 1.7 million households have already taken advantage of the First Time Homebuyers tax credit.

    * Tax credits for energy efficient renovations – Taxpayers are eligible for up to $1,500 in tax credits for making energy-efficient improvements to their homes, such as adding insulation and installing energy efficient windows.

    * The vehicle sales tax deduction – Taxpayers can deduct the state and local sales taxes they paid for new vehicles purchased from Feb. 17, 2009 through Dec. 31, 2009 under the vehicle sales tax deduction.

    * Expanded family tax credits – Moderate income families with children may be eligible for an increase in the Earned Income Tax Credit and the additional Child Tax Credit.

    * Tax-free unemployment benefits – Thanks to the Recovery Act, individuals who received unemployment insurance in 2009 do not have to pay taxes on the first $2,400 of such earnings.
 
 
 
 

[Soul Crusher]

Dear god are you freaking stupid.   

[whork25]

Dear god are you freaking stupid.   

No.

Are you?

According to this it seems Obama is way more friendly towards small businesses than he is portrayed.

[Soul Crusher]

How about you go actually talk to people in small busness and see what they have to say vs crappola like this. 

[whork25]

How about you go actually talk to people in small busness and see what they have to say vs crappola like this. 

I dont have time for this thats why im asking you guys

So you are saying the facts in the transcript are false?

[Hugo Chavez]

I think both republicans and dems are bad for small business.  They seem dead set on proving that fact over and over....  Infact I think you would be freaking insane at this point to try showing one better than the other.  It is more like you would be trying to make some lame debate out of which one sucks worse for small business.  They have both impacted small business and middle America from different angles and most often, not for the best.

[Soul Crusher]

Agreed, but I will tell you, on at least a state level and local level, like in nys, cali, I'll, etc, democrats are typically the grim reaper for small biz.

[whork25]

Agreed, but I will tell you, on at least a state level and local level, like in nys, cali, I'll, etc, democrats are typically the grim reaper for small biz.

Thats my experience too however right now we were talking about the legislation i posted in the tread starter where it says the dem will actually lower taxes for small businesses? This is a good thing no?

PS. Im debating the tax/economic policies here im not rooting for repub or dem but for the party that makes the most sence

[Soul Crusher]

Taxes alone are not the only thing affecting biz. 

[George Whorewell]

Lets see--

One party has virtually nobody with business experience, wants to force small businesses to buy their workers healthcare or be fined (while allowing big corporations and public sector unions to be exempt of course), supports illegal immigration, wants to hike taxes on small business owners, wants to increase spending when the country is in bad fiscal shape, has already reached into the private sector irreversibly through healthcare, the GM bailouts, the insurance and banking bailouts etc., is a big time supporter of eminent domain, supports rabid EPA regulations that strangle businesses of all sizes, supports economic protectionism, supports junk science visa vi global warming and climate change to force businesses to retrofit "green" garbage technology, supports outright fraudulent programs that steal from the American tax payer (ethanol) supports the overregulation of virtually every industry in the country, promotes socialist class warfare dreck that discourages innovation+success+profit+ individuality ( I could go on forever, but I'll stop here).

The other party has several seasoned business people, wants to cut taxes across the board, wants to repeal Osamacare, wants to cut spending, wants to enact a small business tax credit, wants to eliminate the death tax/ reduce the estate tax, wants to eliminate several unnecessary government agencies- entitlements and regulations, wants tort reform, wants to overhaul the public sectors ridiculous pensions and retirement packages, wants the government out of the private sector as much as possible, wants to allow individuals to shop for health insurance across state lines instead of forcing individuals and small businesses to buy health insurance from the government, wants to develop natural resources on the mainland instead of importing it from other countries or allowing other countries to grab opportunities off the mainland, (I could go on forever, but I'll stop here).


So overall, Dems only pretend to care about small businesses. Their eventual goal is to eliminate the middle class and perpetrate class warfare that they can exploit for votes. The fact of the matter is that democrats don't know jack shit about business or economics. All they specialize in is disinformation, propaganda and the manipulation of the unintelligent.

[whork25]

I would like to think the republican party is the way you described here and once it was, however i feel they have been watered down with neocons and others who does not have the fiscal conservative agenda we need so bad right now.

However i agree with much of your post, nice to see you can be serious and not just scream commie/socialist/liberal whenever somebody is being critical towards the republicans. +1 to you

[Hugo Chavez]

dems and republicans at the local level may or may not be less or more of a pain in the ass, they're not players in the big picture so which is worse probably depends on where you are at.  Now these cocksuckers at the federal level have a real good record of screwing the little guy with everything they do.  I can't even think of the last thing they did that had small business happy about it?  Can you?

By the way, what the fucking hell is wrong with these stupid cocksmokers...  Now we have to fill out a 1099-k form for everything over 600 bucks?  And that's accumulative?  So I'm going to have to track how much to and from for every client and send out copies of this shit to the client and to the IRS?  What stupidfuck thought this was a good idea  A godamned stupid dem, that's who...  Some businesses are having to hire extra help just to do this.  For me, it won't be that bad but it's going to be an extra pain in the ass for sure which could add up to several extra weeks of work by the end of the year.  I swear to god, they never do anything to make it easier, just harder for the small guy and I've watched that crap happen over and over under both dems and republicans.  Fuck them all.  go to hell if there is one...

[George Whorewell]

dems and republicans at the local level may or may not be less or more of a pain in the ass, they're not players in the big picture so which is worse probably depends on where you are at.  Now these cocksuckers at the federal level have a real good record of screwing the little guy with everything they do.  I can't even think of the last thing they did that had small business happy about it?  Can you?

By the way, what the fucking hell is wrong with these stupid cocksmokers...  Now we have to fill out a 1099-k form for everything over 600 bucks?  And that's accumulative?  So I'm going to have to track how much to and from for every client and send out copies of this shit to the client and to the IRS?  What stupidfuck thought this was a good idea  A godamned stupid dem, that's who...  Some businesses are having to hire extra help just to do this.  For me, it won't be that bad but it's going to be an extra pain in the ass for sure which could add up to several extra weeks of work by the end of the year.  I swear to god, they never do anything to make it easier, just harder for the small guy and I've watched that crap happen over and over under both dems and republicans.  Fuck them all.  go to hell if there is one...

Meltdown.

[Hugo Chavez]

Meltdown.

you betcha

[bears]

dems and republicans at the local level may or may not be less or more of a pain in the ass, they're not players in the big picture so which is worse probably depends on where you are at.  Now these cocksuckers at the federal level have a real good record of screwing the little guy with everything they do.  I can't even think of the last thing they did that had small business happy about it?  Can you?

By the way, what the fucking hell is wrong with these stupid cocksmokers...  Now we have to fill out a 1099-k form for everything over 600 bucks?  And that's accumulative?  So I'm going to have to track how much to and from for every client and send out copies of this shit to the client and to the IRS?  What stupidfuck thought this was a good idea  A godamned stupid dem, that's who...  Some businesses are having to hire extra help just to do this.  For me, it won't be that bad but it's going to be an extra pain in the ass for sure which could add up to several extra weeks of work by the end of the year.  I swear to god, they never do anything to make it easier, just harder for the small guy and I've watched that crap happen over and over under both dems and republicans.  Fuck them all.  go to hell if there is one...

For real man.  This is going to be a logistical nightmare.  For the large corporations it is not a very big deal because their infrastructure can handle this.  for the small to mid size business owner all this is doing is wasting time and money that they don't have.  especially in this economic time.

[tonymctones]

No.

Are you?

According to this it seems Obama is way more friendly towards small businesses than he is portrayed.

yup you betcha

passing health care reform that injects MAJOR instability into small business costs for the future
passing finreg which does the same and also raises capital requirements for banks causing them to raise and insert new fees and tighten up credit
putting off extending the bush tax cuts for 2 years even though he knew over a year ago that he knew that in a recession like this he wasnt going to raise taxes on anyone AGAIN injecting nothing but more uncertainty
talk about cap and trade which would jack up prices for energy by his own admission again in the middle of a recession injecting yet more uncertainty into future costs for businesses.


thats just off the top of my head sorry whork obama has done nothing but hurt business, the economy would undoubtedly be better right now if he wasnt president or he didnt at least put his agenda ahead of the economy...

[MM2K]

dems and republicans at the local level may or may not be less or more of a pain in the ass, they're not players in the big picture so which is worse probably depends on where you are at.  Now these cocksuckers at the federal level have a real good record of screwing the little guy with everything they do.  I can't even think of the last thing they did that had small business happy about it?  Can you?

By the way, what the fucking hell is wrong with these stupid cocksmokers...  Now we have to fill out a 1099-k form for everything over 600 bucks?  And that's accumulative?  So I'm going to have to track how much to and from for every client and send out copies of this shit to the client and to the IRS?  What stupidfuck thought this was a good idea  A godamned stupid dem, that's who...  Some businesses are having to hire extra help just to do this.  For me, it won't be that bad but it's going to be an extra pain in the ass for sure which could add up to several extra weeks of work by the end of the year.  I swear to god, they never do anything to make it easier, just harder for the small guy and I've watched that crap happen over and over under both dems and republicans.  Fuck them all.  go to hell if there is one...

Hugo, I dont think I have ever been more sympathetic to your posts. Now, let me ask you to ponder something. I know the Republicans are far from ideal. BUt do you honestly think they would have done something THAT stupid? The good news is that there have already been indications that the President and the Dems might be willing to change some of the aspects of the bill, and this 1099 crap would likely be the first thing to go.

[Soul Crusher]

Hugo, I dont think I have ever been more sympathetic to your posts. Now, let me ask you to ponder something. I know the Republicans are far from ideal. BUt do you honestly think they would have done something THAT stupid? The good news is that there have already been indications that the President and the Dems might be willing to change some of the aspects of the bill, and this 1099 crap would likely be the first thing to go.

Problem s that Obamacare is counting on 17 Billion in revenue from the scheme to fund DeathCare.