Johnnyorganic
Well-Known Member
Your first statement cheers me, Han. I wish I could believe it were true for all Progressive Democrats.Nobody wants to really see taxes raised, but the problem is there are three ways really at this point,
1. Go with obamas plan, which keeps the taxes at the same low rate for most of The public and 98% of small businesses.
2. Fight doing anything at which point the taxes increase a large amount for all the tax base in a recession.
3. Put taxes at the same rate for the next 2 years at which point Obama is faced with this right at his election, and going to be forced at that point to increase the taxes because we will be out of this mess and in the process of paying for it.
It's win win for republicans, and pretty much all lose for Obama.
Rural areas have many small businesses and independent workers. Today we really rely heavily on tech and communication, with a shitty broadband setup it stagnates the opportunities for those people. It's hard to run business today without good Internet service.
Btw not that this matters to anyone, but thank you. You guys are having a great back and forth, much more interesting than any network news channel.
Option one is no good option.
And those numbers are flawed. 98% of small business will not be spared by the Obama Tax Increase, try 52%.
That 3% (you say 2%, Pelosi says 3%) figure is based on deceptive use of the numbers. The Democrats are counting all pass-through business income. Which means that if you sell a used car, or sell your GI Joe collection on Ebay, the Democrats count you as a small business. It's dishonest.
The increase will affect, 48% of small business because in a sole proprietorship, the business income is counted as personal income.
The second option has an outside chance. It was mentioned by John Boehner as a possibility and he was crucified over his comments last week. So who knows?
The third possible out come would be acceptable as a compromise.
60% of a survey of 31 prominent economists favor it.
http://money.cnn.com/2010/09/19/news/economy/what_to_do_economists_survey/index.htm
And as I stated previously, if there were a demand for rural broadband service, the industry would already be providing it.