4 Minnesota business leaders endorse Obama

  • Article by: MARK BRUNSWICK , Star Tribune
  • Updated: September 9, 2008 - 11:04 PM

Acknowledging that the Democrat's election could lead to higher taxes for them, they say the money would go to help the middle class, which is essential.

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meangooseSep. 9, 08 7:56 PM

That would be all the people that created jobs because of the cuts in 2001 and 2003, right? What's that giant sucking sound? That would be the job market. The job creators did have their taxes cut, but they aren't creating jobs for Americans. Reality is that companies hire as many people as they need. They don't just hire more because they get a tax break. The truth is that everyone, including businesses, should pay their share of taxes. Businesses exploit loopholes and bully government officials (we'll take our ball and go home) to avoid paying their fair share. That increases the tax burder on everyone. Business taxes are only pushed on to the consumer to the extent that the consumer is willing to pay that price, and basically, that means that business profits go down with taxes. Businesses charge as much as they are able to, given market conditions, at all times - not just when taxes are low.

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rlvandySep. 9, 08 7:58 PM

...is an easy statement when you and your family is worth millions.

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andersj9Sep. 9, 08 8:06 PM

I suppose it wouldn't be news if business leaders would support a Republican candidate. Most likely the reporters are now sourcing for the group of leaders who are supporting McCain. Look for the article soon, at least by January.

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markmary1725Sep. 9, 08 8:25 PM

Without a middle class, who will be there to buy these products? other millionaires? Think about it!

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johngalt1953Sep. 9, 08 8:26 PM

I am still waiting for all these Libs that think paying taxes is great to start donating to the federal deficit.

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JvonkorffSep. 9, 08 8:27 PM

That's exactly what these four are saying. Raise taxes on the wealthy to make the tax system fairer for the middle class. They're saying that its easier for someone who has to give up their third Lexis to pay more taxes than the person who has to drop their health insurance.

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xbeermanSep. 9, 08 8:28 PM

Let's see here: Pohlad/Pepsi/Twins? + Phillips Liquor house + United health + Medtronics. I see some very wealthy people here. If taxes are a priveledge, take 90% from the willing/wealthy/liberal. Me, I now know what who NOT to patronize.

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beachpartySep. 9, 08 8:38 PM

if you support mccain the economy will suffer greatly. Just continue the idiot bush warmonger policies and not taxing the weathly, but the middle class. if we don't have a depression by the time that idiot bush leaves office we will have one if mccain is elected. the middle and lower level people will not have to pay any taxes because they will have no jobs.

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BudweisercsSep. 9, 08 8:42 PM

They actually offered a statement from a conservative! I am so glad they took my hard earned money to help these multi-millionairs out, to make them even richer. Go Twins!

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lowerhaySep. 9, 08 8:44 PM

Mr Buffett said that he was taxed at 17.7 per cent on the $46 million he made last year, without trying to avoid paying higher taxes, while his secretary, who earned $60,000, was taxed at 30 per cent. Mr Buffett told his audience, which included John Mack, the chairman of Morgan Stanley, and Alan Patricof, the founder of the US branch of Apax Partners, that US government policy had accentuated a disparity of wealth that hurt the economy by stifling opportunity and motivation.

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