business

"A coalition of small businesses...begged the president and Congress to "make big corporations pay a larger share of taxes"" LOL! Everybody wants SOMEBODY ELSE to pay higher taxes but not themselves. Here's a dirty little secret seldom discussed: many small businesses exist because of big business. The small print shop that prints advertising circulars, the catering company that caters corporate meetings, law firms, cleaning companies, you name it, there are a lot of small businesses dependent on big business for their livelihoods. So demanding taxes on "big business" is going to put pressure on them to cut costs which may very well end up hurting small businesses. Like myself. Here's another dirty little secret: corporations have the resources to leave. Many corporations are already doing much, if not most, of their manufacturing outside of the USA for lower taxes and lower wages (did you know that taxes increase costs all across society, on everything you buy, including employee wages?). The corporate tax rate is 35%. Then after the corporation pays its taxes, those profits are then taxed again when they are distributed to shareholders. If you factor in the double taxation of corporate profits, the corporate tax rate already exceeds 50%. And you CANNOT force foreign corporations to pay American taxes. 3M or any other big corporation could just move their corporate headquarters and leave entirely. Then who you gonna come after for higher taxes? Hmmm? Why don't you Democrats just do what you truly want and raise taxes to 100% and see what happens?

The US now has the highest corporate tax rate in the entire world. How high do these people want it to go? That said, there are many loopholes for corporations resulting in lot's of companies paying much less than the stated rate. Lower to rate to the average of competing economies, about 25%, and eliminate loopholes. This will result in more jobs and higher revenue for the government to squander. Everybody wins, including the small business owners.

callmeron " 'A coalition of small businesses...begged the president and Congress to "make big corporations pay a larger share of taxes"" LOL! Everybody wants SOMEBODY ELSE to pay higher taxes but not themselves". If they mean the likes of Exxon Mobile, GE and Apple Computer I fully support their appeal. If they mean 25% of the corporations that are sacked with 35% income taxes I do not support their appeal.

"A plea for tax fairness..." where were these people in the November election. I bet a big percentage voted for Obama and most didn't fight against his relection. So they shouldn't complain now.

There is no such thing as "tax fairness" under Obama, and remember you really didn't even build your own business. Enjoy Forward!

Read this and understand the verbiage. In the first paragraph, you'll notice that this revenue (provided by 1%) is not necessarily intended for the actual healthcare bill. I really wish people would have looked into the details of this massive tax hike instead of just listening to the usual liberal talking heads. Some of you still don't get it. There is no"fair share" there is only Obama's vision.----------------------------------------------------------------------------------------- In the Affordable Care Act, the new tax on investment income is called an "unearned income Medicare contribution." However, the law does not provide for the money to be deposited in a specific trust fund. It is added to the government's general tax revenues and can be used for education, law enforcement, farm subsidies or other purposes. Donald Marron Jr., the director of the Tax Policy Center, a joint venture of the Urban Institute and the Brookings Institution, said the burden of this tax would be borne by the most affluent taxpayers, with about 85 percent of the revenue coming from 1 percent of taxpayers. By contrast, the biggest potential beneficiaries of the law include people with modest incomes who will receive Medicaid coverage or federal subsidies to buy private insurance. Wealthy people and their tax advisers are already looking for ways to minimize the impact of the investment tax -- for example, by selling stocks and bonds this year to avoid the higher tax rates in 2013.

"The letter specifically urged Congress to stop rewarding big companies "for shifting jobs and investment overseas or disguising U.S. profits as foreign profits" to avoid paying taxes on them. The letter also stressed the need to make sure corporate tax reform produces more federal revenue than current laws." Sounds reasonable to me...and they know what tax "reform" means - you can have the highest corporate tax rates in the world but that means nothing if there are a zillion exemptions that mean the company pays zero. Oh, and those lower tax rates in other countries are accompanied by nationwide VATs, but the something-for-nothing crowd never tells you that.

Typical DISHONESTY from the Red STar Tribune. Research these three groups. They are NOT truly representative "small businesses." They are far leftists, some of whom happen to have their own little business; but most of them are professors, community organizers, and looped in with the various Marxist "non-profits", to whom hundreds of billions of Obama's so-called stimulus money went in 2009. Look these people up. They are all affiliated with democrats, miscellaneous leftists, and the varioius phony groups who co-opt the word "Justice" in their titles. They are fulfilling the ALLINSKY Rules bu infiltrating every aspect of life, as they have done in big media, schools, colleges, and government.