Geithner: Taxes on ‘Small Business’ Must Rise So Government Doesn’t ‘Shrink’

[melensdad]

Tim Geithner just admitted it. He is planning to KILL most of the potential job growth in the US and cause many of us to close our stores. Honestly headlines like this make me sick and I have to wonder why I even keep my stores open. I don't need the money. I don't need the grief. I sure don't need HELP from the government.

Geithner: Taxes on ‘Small Business’ Must Rise So Government Doesn’t ‘Shrink’​

Link to story => Geithner: Taxes on 'Small Businesses' Must Rise So Governmetn Doesn't Shrink

 

[KG1]

This makes absoluetly no friggin' sense if you tax the small business out of existance. Is this the best they can come up with?

 

[joslar15]

... he responded that the administration felt it had “no alternative” ... because otherwise “you have to shrink the overall size of government programs” ...

So Timmy, what's the downside???

 

[revsaxon]

Idiots. They are being pence smart and pound stupid. Yes you can get an extra 3% from small buisness now, but after they all go under and 64% of america is out of work and not paying taxes was that 3% worth it?

 

[Benny]

That seriously read like an article from The Onion.

 

[ATOMonkey]

Keynesians are ****ing idiots.

 

[Dirtebiker]

She's right!!

Mr. Geithner.........YOU ARE WRONG!!!!!!!!!!!!

 

[UncleMike]

And as long as people elect Liberal Democrats this is the mentality that will prevail.
Take from the productive Citizens.
Give to the non productive Citizens.
This encourages people to become non productive in order to be taken care of without the bother of working for a living.
In turn those being taken care of continue to vote the Liberals into office in order to keep the "free" money rolling in.
That is, and has been, the basis for all Liberal policy for many decades.

 

[indykid]

You have to understand the objective of the current people in charge. They want to totally subjugate the people of the United States of America so that everything done if for the government and by the government with the current government dictating everything we say and do, where we go, what we buy, how we heat our homes, how we light our homes, what we eat, and what federal entity gives us our food.

Total control seems to be the objective of the current government, and they have enough people with their hands out to keep them in power.

It is unfortunate for the current "leaders" that we the people are the way out of the financial problem. It goes against their ideals that small business IS the way out of high unemployment and overall prosperity.

I hope we survive the year and a half until the next election to get rid of this disease that affects Washington DC. And I hope the opposing party gets their heads out of their rear and offers up a true leader and someone who believes in the USA as designed around 240 years ago.

 

[schafe]

Maybe the government wouldn't be in such bad shape if certain people paid their taxes. You listening, Mr. Geithner?

 

[Stschil]

I guess it would be completely out of the question to require the Federal Reserve Bank (A private entity not owned by the US Government) to pay income taxes on all the profits it makes?

It prints money, loans it to banks, collects interest, makes a profit, prints more money, et al and pays absolutely no taxes to the Federal Government whatsoever. Hmmmmm I wish I was in that racket.

 

[AllenM]

Feels kind of hopeless at times

 

[gunowner930]

Geithner is an idiot. This is a losing proposition for this administration. Whoever the Republican nominee is will use crap like this against Obama next year.

 

[UncleMike]

Feels kind of hopeless at times

And that's the Liberal Democratic goal.
To wear down Conservative resistance until we give up.

 

[RockofStrength]

"if you leave those in place and you're trying to bring our deficits down over time, then you have to do exceptionally deep cuts in benefits for middle-class Americans and you have to shrink the overall size of government programs, things like education, to levels that we could not accept as a country."

That is kinda the point of cutting the budget when you're in big time debt. You strip away all but the absolute essentials.

I feel like I ought to talk slowly and clearly to people like this . Seriously. Has this man never had to balance a budget?

 

[mrjarrell]

Has this man never had to balance a budget?

He can't even use Quicken and Turbo Tax, does that answer your question?

 

[RockofStrength]

He can't even use Quicken and Turbo Tax, does that answer your question?

Wait...you're serious aren't you.

 

[Bunnykid68]

Wait...you're serious aren't you.

Dead serious, Geithner had some pretty serious tax trouble I believe

 

[mrjarrell]

Dead serious, Geithner had some pretty serious tax trouble I believe

And blamed it on Quicken and Turbo Tax. He got a pass on that one.

 

[RockofStrength]

And blamed it on Quicken and Turbo Tax. He got a pass on that one.

This man is secretary of the treasury.