Why do Rep. talk about helping small businesses while Dem. actually help?
March 18th, 2011 Filed under: New Business Loans — Small Home Business Author
Kiran C asks the question: The bill that the House just passed will provide more help to small business than extending the Bush tax cuts that affect only 4% of small businesses.
“Of the 175 House Republicans to vote on the small business incentives bill, 174 voted against it. The GOP likes to talk about helping these entrepreneurs; it’s the follow through where the party runs into trouble.”
“It’s especially interesting when one considers that Tart Lumber, which hosted the Republican gathering this morning, will now under the Democratic proposal be able to write off its first $500,000 in equipment investment next year, have access to expanded capital through the Small Business Lending Fund, have access to new loans through SBA lending programs, and investors in firms like Tart Lumber would receive zero capital gains on their investments.
Oh, and in case it matters, the bill is fully paid for, giving Republicans one fewer excuses for opposition. Of course, they opposed it anyway.’
http://www.washingtonmonthly.com/archives/individual/2010_09/025816.php
Answer:”the bill is fully paid for”
And HOW is it “fully paid for”? THATS the part you have to look out for. If that means government is picking up the tab…..then they robbed the taxpayers and small business owners to pay for this. It would jhave made more sense to let the business owners keep more of what they earn, then to take their money, then give it back to them, less of it at that, in the form of loans.(Politics)
