to get the economy going (which Republicans have always advocated) then why not just keep them in place or do we just want a boost in the economy until after the 2010 elections?
If small business tax cuts and capital gains tax cuts are good enough for Obama to enact right now?
September 21st, 2010 
Admin 
Posted in 
Tags: 
If you know anything about small businesses, you’ll realize that Obama’s proposed capital gains tax cuts is a joke:
Let’s look at the definition of a capital gains tax:
"A capital gains tax (abbreviated: CGT) is a tax charged on capital gains, the profit realized on the sale of a non-inventory asset that was purchased at a lower price. The most common capital gains are realized from the sale of stocks, bonds, precious metals and property."
Do you see the big glaring problem here? The problem with small businesses is not what they pay in capital gains taxes, its what they pay in INCOME taxes. The owners of these businesses are not sitting back worrying themselves to death over paying a tax on the profit from the sale of a non-inventory asset that they purchased for a lower price. They’re worried about the taxes they pay on their profit! And they’re worried that those taxes are going to increase! Why? Because these small business owners are the exact people Obama talks about when he talks about tax increases on the rich. These are the very same people that Pelosi is talking about when she rants about a surtax on the rich to pay for health care. These are the people who are going to get nailed when the Democrats celebrate the expiration of the Bush tax cuts. These are the people that some Senate Democrats want to hit with a "war tax" to pay for Afghanistan. The Community Organizer wants you to think that the issue is capital gains taxes?