What is President Obama's secret agenda?
And you wonder why your DMV is a hellhole?
Dang! I thought I was the only one who knew that. Gov. Rick Scot of Florida is from the same episode of the X-Files, "I am rich. I know how to create low paying jobs for you!"
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OH THE RESEARCH, I SUPOSE THE NY TIMES IS A DECENT SOURCE
IT'S LIKE ALL THE OTHER FABLES OBAMA HAS SMOKE AND MIRRORED ON HIS PUBLIC.
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Monday, April 16, 2012
Business DaySmall Business.
World
U.S.
N.Y. / Region
--------------------------------------------------------------------------------
October 30, 2010, 8:00 am
Did Obama Really Cut Small-Business Taxes 16 Times?
By ROBB MANDELBAUM
On Monday, President Obama visited yet another small business, American Cord & Webbing, which manufactures hardware for outdoor gear in Woonsocket, R.I. He was there to talk about his two principal accomplishments on behalf of small businesses — easier access to loans and tax relief. He told the audience, and the assembled reporters: “We’ve now passed, with the help of these outstanding members of Congress, 16 different tax cuts for America’s small businesses over the last couple years.”
The assertion that the Obama administration has cut taxes for small business 16 times might surprise some entrepreneurs — which of course is why Mr. Obama made the trip in the first place. But the White House backed the claim with a fact sheet. Here, for the record, are the taxes the administration says it has cut, in its words:
• A new small-business health-care tax credit
• A new tax credit for hiring unemployed workers
• Bonus depreciation tax incentives to support new investment
• 75 percent exclusion of small-business capital gains
• Expansion of limits on small-business expensing
• Five-year carryback of net operating losses
• Reduction of the built-in gains holding period for small businesses from 10 to seven years to allow small business greater flexibility in their investments
• Temporary small-business estimated tax payment relief to allow small businesses to keep needed cash on hand
The White House also identifies these provisions in last month’s small-business jobs bill (see this post for a brief description of each):
• Zero capital gains taxes on key investments in small businesses
• The highest small-business expensing limit ever –- up to $500,000
• An extension of 50-percent bonus depreciation
• A new deduction for health care expenses for the self-employed
• Tax relief and simplification for cell-phone deductions
• An increase in the deduction for entrepreneurs’ start-up expenses
• A five-year carryback of general business credits
• Limitations on penalties for errors in tax reporting that disproportionately affect small business
Taking a closer look at this list, The Agenda notices a couple of things. First, some of those provisions are not all that “different.” The list includes three measures in the small-business jobs bill that extend (and in two cases expand) relief in the 2009 stimulus for which Mr. Obama also takes credit. (The Obama administration overlooks another extension and expansion in the recent jobs bill: a further reduction in the built-in gains holding period to five years.)
More substantively, half of these “tax cuts” are actually incentives that reward businesses for taking actions they might not otherwise take — in other words, you have to spend money to get the tax benefit. For example, only businesses that already provide health insurance to their employees now would consider the health-care credit a tax cut. Of course, while firms using the incentive for the first time would see their expenses rise, the credit would offset 35 to 50 percent of the added cost. The main beneficiaries are businesses making big investments (and perhaps those caught surreptitiously investing in tax-shelter scams — the last item on the list, translated into plain English). Encouraging such investments may be a worthwhile public policy goal, but in this economic climate, the number of companies that will participate is likely to be limited.
.
The Agenda, The Obama Administration, Patient Protection and Affordable Care Act, small-The assertion that the Obama administration has cut taxes for small business 16 times might surprise some entrepreneurs — which of course is why Mr. Obama made the trip in the first place. But the White House backed the claim with a fact sheet. Here, for the record, are the taxes the administration says it has cut, in its words:
• A new small-business health-care tax credit
• A new tax credit for hiring unemployed workers
• Bonus depreciation tax incentives to support new investment
• 75 percent exclusion of small-business capital gains
• Expansion of limits on small-business expensing
• Five-year carryback of net operating losses
• Reduction of the built-in gains holding period for small businesses from 10 to seven years to allow small business greater flexibility in their investments
• Temporary small-business estimated tax payment relief to allow small businesses to keep needed cash on hand
The White House also identifies these provisions in last month’s small-business jobs bill (see this post for a brief description of each):
• Zero capital gains taxes on key investments in small businesses
• The highest small-business expensing limit ever –- up to $500,000
• An extension of 50-percent bonus depreciation
• A new deduction for health care expenses for the self-employed
• Tax relief and simplification for cell-phone deductions
• An increase in the deduction for entrepreneurs’ start-up expenses
• A five-year carryback of general business credits
• Limitations on penalties for errors in tax reporting that disproportionately affect small business
Taking a closer look at this list, The Agenda notices a couple of things. First, some of those provisions are not all that “different.” The list includes three measures in the small-business jobs bill that extend (and in two cases expand) relief in the 2009 stimulus for which Mr. Obama also takes credit. (The Obama administration overlooks another extension and expansion in the recent jobs bill: a further reduction in the built-in gains holding period to five years.)
More substantively, half of these “tax cuts” are actually incentives that reward businesses for taking actions they might not otherwise take — in other words, you have to spend money to get the tax benefit. For example, only businesses that already provide health insurance to their employees now would consider the health-care credit a tax cut. Of course, while firms using the incentive for the first time would see their expenses rise, the credit would offset 35 to 50 percent of the added cost. The main beneficiaries are businesses making big investments (and perhaps those caught surreptitiously investing in tax-shelter scams — the last item on the list, translated into plain English). Encouraging such investments may be a worthwhile public policy goal, but in this economic climate, the number of companies that will participate is likely to be limited.
In other words, those inclined to be suspicious of Mr. Obama probably won’t take much comfort in this enumeration.
My daughter has a friend that thinks unicorns are real.
"Senate Republicans have blocked the Buffett Rule—putting tax breaks for millionaires above the interests of middle-class families."
No surprise is it? 72% of Americans were in favor of it....
They take their cue from Cheney....."SO?" We knowest whoest thou servest.
---winky's..see, I'm nice!
Irrelevant— ALL of us should have a fair and equitable tax code ands system—whether it's Exxon-Mobil or GE, we and they should all pay our fair share or this country sinks.
Wow, you're right—I shouldn't have taken LH at his word . . .
WAIT TILL THE GUY'S AT BIG OIL, STOP'S FUNDING THE 'O' MAN'S CAMPAIGN WAR CHEST FOR HIS PSEUDO CRACK-DOWN ON THE SPECULATORS.
Ummmm, I don't see racist mentioned anywhere.....
But danged if I have seen a good reason for hating him so much
And the same can be said for Obama supporters.
Said by Fox-fanatics who believe the propaganda!
Meanwhile . . .
For 140 years, that's exactly what our legislature looked like. The Dems were in charge.
Everyone who doesn't subscribe to the Nanny State ideaology are Obstructionist now aren't they? The only ones I hear crying is those who want big government to run their lives, tend to their needs, and make it all fair. His Holiness needs to kiss their boo-boo. wwwwyyyyy
I'll bet you the bus was circling because the G.O.P. had a Gamma brain wave thought transducer pointed at Obama trying to ignite activity in the rational hemisphere of his brain.
No but really, what they were doing was displaying a racist metaphor to invoke hostilities of the black folk in the rear of the bus days. Yeah that's it. They've made the race thing such a big part of their campaign, along with hate mongering of those who are successful. Such a childish mindset...jealousy of what others have. Hitler sucked idiots into that same hatred against the hard working Jewish community. It is today as it was then, those with wealth in the Nazi ranks were not considered to be the enemy.
Some of them are not that subtle. Tar Baby comes to mind. Heard 3 of them use it, and Allen is running for office again. Macaca-doodle-dooo!
Of course, the fact that Obama's not born here plays a part
Some lady pol(R) just told her constituents she had questions about it, and so did one of Mitt's sons...Tag or Tug or Tiggy, can't keep track.
Why--Obama's a usurper AND the wrong color!
Amazing that a majority of people voted for him. Too bad the minority who Obstruct Congress won't let him do his thing.
We really need to get the minority out. They've had a long enough run.
Unless people think that 7 figure incomes and up are the majority of Americans....??
People aren't that dumb are they?"People aren't that dumb are they?"
"He looks manly . . ."
Now there's an intelligent reason to take him seriously!
THE ONE ON THE RIGHT IS A WOMAN?!?!?!?
Your joking, right? Yes and a smart woman—an Oxford Scholar with a Phd., Mr. Christian/Bigot.
Your sense of humor is sorely lacking of late, Wizard. Lighten up and stop being so damn anal retentive.
I know she's gay and that matters not to me. I've stated my views on the gay lifestyle here numerous times. It's not my fault she looks like a dude.I think she's an attractive woman—regardless of her sexual orientation—your bias obviously colors your judgement.
Besides, what makes you think I heavy-ed up? I kept my sense of humor—that's why I stuck my emoticon tongue out at you!
- idratherbeposted 12 years ago
0 
. . . and just look at who just sees it as BS. Oh sweet irony of life, at last I found thee!
The truth can be scary for some . . .
The nausea continues . . .
It's official, Wizard. You've lost it.
The two don't compare and you know it.It's a PERFECT comparison, LH.. The unpaid for wars, the deregulation and speculation of Wall Street, insurance and banking directly brought about the collapse of the economy—thanks to Bush and his team of Republican thugs and corporate cronies—they destroyed America and used 9/11 as an excuse to do it! You just refuse to see the truth of it!
You may think Obama is the worst President in history, but you voted for George W. Bush twice and only have yourself to blame . . . so I'm pretty sure you should just stop the hypocrisy and STFU!
1.
They're for the average citizen, B.O and M.O. gave up otherwise lucrative careers to be "Public Servants" , a trait we should admire of them both. Bring your weary poor masses to our government, because they "Care Soooo Much For You". Why, M.O. just barely struggled through law school in all of those cushy chairs she filled, slaving away an internship in those sweltering Chicago law firms. She's bemoaned the struggles in front of many crowds, all the difficult choices, the crushing student loan dept from her Ivy League education. Painting corporate america to be the enemy of the poor. Those evil fund managers are out to make their living on the backs of working America.
2.
Her early political grooming from Chicago Political Czar Valerie Jarrett, even landed her a sweet spot At the University of Chicago Medical Center where she and current white house knuckle cracker David Axelrod devised a patient dumping scheme called the URBAN HEALTH CARE INITIATIVE, where the Poorest of the Poor Blacks were diverted away to clinics, too far for many to ever reach, in order to make room for MONEY PATIENTS with insurance needing profitable procedures. Axelrod's PR firm was hired for an undisclosed amount to put a wholesome face on the scheme.
The then U.S. Senator and his crew of Chicago handlers pulled her under the umbrella of Future F.L. isolation when Federal Health and Human Services Investigators drew near. CUMC is under investigation today with hearings on Capitol hill Looming over The F.L.s scheme. I already hear the distant cry.. RAAACCISSST. It was not by chance that Mr. Fair and Balanced wanted to gain control of health care and stymie the investigations of the F.L.s treatment of the Poor Black Citizens the two of them claim to offer "HOPE AND CHANGE".
Eyebrows have also been raised by questionable bidding procedure and susubsequent contract award to Millionaire Contractor Robert Blackwell, An old friend B.O worked for when he lost his first Senate run. Ole Robert Received $600.000 for what investigators determined to be around a $60.000 internal computer upgrade, a 100% overcharge to UCMC. Thats the Chicago way my friend. The F. L. persuaded them to change bid policy and used MINORITY PREFERENCE to get an African American the contract. Minority preference is considered in cases of New minority businesses needing a little advantage, Not Political CRONIE MILLIONAIRES. The F. L. probably cost UCMC millions of fed grants, those grants were to be used to treat those poor Blacks on the south side. Congressmen has requested hearings regarding the scandal. Rules violations related to their accreditation and eligibility for Federal grants is in question.
B.O. and the F.L. cares for the poor, the middle class, the working folk, just to give-um a FAIR SHAKE, as has so many times been quoted. I bet he'd like to have a beer with all of um. He's sooo hip. Don't expect a bad reference from The F.L.s former ally's there at UCMC. Their lips are sealed in accordance with Chicago etiquette. They have since parleyed M.O.s Scandal Into a Form of Legitimacy in an attempt to protect her and B.O.s polish, as well as retain the millions in federal grants. But the poor who experienced the scandal won't forget. The O name ain't so polished on the south side of Chicago. Someone with no Ax to grind is the AECP. They're bypbipartisantp://www.acep.org/content.aspx?id=44294You can get the dish at their website. Just don't hold your breath for "HOPE AND CHANGE"
http://www.acep.org/content.aspx?id=44294
"so I'm pretty sure you should just stop the hypocrisy and STFU!
My work is done here. I've managed to push Wizard over the edge.
Careful, Wizard, you're the guy who seemed to be reasonable and knowledgeable but now your liberal side is showing.
I'm worried about you, Wizard. You seem to be having a tough time of late. Judging from your "STFU" remark, perhaps you should dial it back before you pop a vein.
Zoom—right over your head, LH. That poster never said Clinton or Bush was to blame for 9/11 and neither did I.
Blaming Obama for the economy and giving Bush a pass because time has elapsed is equivalent to saying bin Laden isn't to blame for 9/11 . . .
Do you get it now? If not, STFU!Correct, Wizard, I read more into LMC's comment as she blames Bush for EVERYTHING.
I'm not giving anyone a pass as Bush made huge mistakes like spending far too much, for one. However, the time for Obama to own up to his own mistakes has long since past. He's the one blaming EVERYTHING on Bush.
As for your STFU remarks, frankly, it's getting to be a little much no matter what Smilies you apply to it.
I won't be the one to report them but I don't want to see you banned either. The HP police might be watching.You didn't offend ME, Wizard, but we both know the HP police aren't always as easy going as we are. Neither are some Hubbers.
Also, I'm a Christian, Wizard, but not so uptight that I can't pass a greased BB. It's all
.
??????
It's not southern. I heard it somewhere and began using it to describe an anal-retentive executive I use to have to deal with when I worked at American General.
Feel free to use it all you want.
JESUS-RONNIE says: "Tear Down That Wall, Lovemychris!"
Your sense of irony is much appreciated, lmc, but lost on all too many around here.
Yes, well I like to think it's the Last Gasp of the macho crazy sadism that the age of aries has produced
Seriously--it makes me so sad to think what we have done.....This is what comes of it..the natural progression of "every action produces a reaction": our actions on this Earth have produced this ridiculous charade of what passes for human behavior and human beingness!
We are not meant to be this way...we have been infiltrated! imo
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