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Small Business Owners Demand Repeal of Bush Tax Cuts

Posted: May 4, 2011

http://www.huffingtonpost.com/2011/05/04/small-business-owners-bush-tax-cuts-rich-repeal_n_857204.html

I've always felt this way. Glad to see more people are coming to the conclusion that those tax cuts didn't help us as small business owners. My own business started down as customers had less money, and I got the tax cuts. Something just never seemed right about that.

;

I believe President Obama's plan is much better - My opinion

[ In Reply To ..]
Get the money to the people who need to spend it, not put it in the bank. As the guy in the article said, that tax cut money doesn't get spent to make more jobs.

The guy should speak for himself. I am - sure "all" small business

[ In Reply To ..]
are glad for the tax cuts. Those who don't want them, or want them repealed, know what their rate used to be before the cuts. All they have to do at the end of the year is figure the percentage and write a check back to the Treasury. No law against them doing that. You can give more than your tax rate to the Treasury any time you want to.

My business started losing money after that - See message

[ In Reply To ..]
I was in a meeting yesterday and someone said they thought things were looking a little better. I hope so. The jobs those tax cuts were supposed to create never happened. In fact, people lost jobs at a faster rate than ever and many still haven't found work. That means they can't buy the products and services that businesses sell. It wouldn't do any good to 'give back' those tax breaks. They have already done their harm.

Let's hope this year will be the year when we start on the way back up again. If it gets any worse, my family business will go under. It started going down in 2000. I know that because we had a big event and I remember asking everyone if they knew people who were losing jobs or couldn't find work. The income from our family small business was going down dramatically all of a sudden. The reason people were giving for not buying was, they or a spouse had lost jobs and they could no longer had money. After that the graph of income has steadily declined. Luckily, it started very high and had a long way to go before it hits bottom, but we can't afford for it to go lower than it is now.

I blame it all on the 'trickle-down' economy theory and the fact that Presidents Clinton and the Bushes gave away our jobs. They sent the jobs overseas. If Americans don't have jobs, they don't have money, and they can't buy goods and services. Nothing is trickling down. I hope it changes soon, for all of our sake.

You didn't have to take the cuts. You - could have given it back.

[ In Reply To ..]
Just as these people who are demanding repeal can. There are just as many small businesses who need the tax cuts. If you don't need them, at the end of the year simply write a check to the Treasury and give it back. Win-win.

It was pretty senseless that money for my business dried up - but I got that tax cut!

[ In Reply To ..]
In my own business, I did get that tax cut, but the problem was, my customers didn\'t. Things went badly for them, so I had fewer customers who spent less money, and I ended up losing much, much more than I ever got in that tax cut.

Sorry it did not work for you...but apparently - it did for others. nm

[ In Reply To ..]
nm

Your customers did get a tax cut. Everybody - did. Maybe if you had

[ In Reply To ..]
taken your tax cut money and lowered your prices by the tax cut percentage your customers could have kept buying from you...?

People who are losing or have lost jobs don't have discretionary income - nm

[ In Reply To ..]
nm

The cuts were supposed to create jobs - scratching head...

[ In Reply To ..]
I guess that didn't work very well, did it?! No, it didn't.

Yeah...like Obama's stimulus was supposed - to...I guess THAT did

[ In Reply To ..]
did not work well either, did it?? And it cost the treasury a heck of a LOT more than the tax cut did.

Geez...only see one side of the story much????

Of course - mes

[ In Reply To ..]
That is very true. When people can't afford to buy products or services, companies have trouble making money too. Some day they'll get it, or maybe not. Nobody in our government has to worry about affording anything, so they don't really know what it is like in the real world.

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