The real party of NO, the GOP, steps it up

[Riot]

Originally Posted by hoovesupsideyourhead

ok lets say you are a small busness owner with some of your own money invested. you have 4 employees.and not making head way you keep employee number 4 on because hes loyal shows up on time ect. now if you lose your tax break. what happens.. hes gone period..you down size..in hopes of the big economic bounce back your waiting for..and waiting for..now this owner may make 300k or higher..whats good about this picture.
there arent enough chairs..

As an experienced small business owner I'll say the mistake in your business scenario above is that it's unrealistic: keeping on one employee too many when "you're not making headway". That's a very bad business decision. You don't run a business as a charity. Losing a small tax break has zero to do with that poorly run business in the example. It was doomed with the much larger expense of an employee the business couldn't afford.

And any owner taking out $300K from a business that "isn't making head way" is a complete moron. "Some" of your own money invested? Try all of it. That's how small businesses work.

Look at this "deal" that Obama has made - first, it is all unfunded. All of it.

Secondly, look at what was important to the GOP: they voted no on tax cuts to the middle class, they voted no on tax cuts for those up to a million, they voted yes only for tax cuts to those millionaires and above. They voted yes for lowering the estate tax from 55% to 35%. Where are the GOP priorities? Not jobs, not deficit reduction, not the unemployed. Only with concerns of the wealthy.

Aside from the above, it's a massive unfunded stimulus bill (payroll tax deductions, unemployment, etc) Now, I've already seen details that say it should generate about 176 billion in stimulus, which is a good, job creating thing.

But the key is "unfunded". Adding to the deficit. The tax cut for those earning over 1 million should be thrown out to help fund this.