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Obama: Top Tax Rate Should Be 28% for Corporations, 40% for Small Business
#1
He caters to big business but wants to crush small business. 40%!?!? Will there be any money left over for the small business owner? How can a small business be profitable in today's depressed economy with such an oppressive tax rate? Obama has no idea what he's doing

http://www.weeklystandard.com/blogs/obam...42312.html

2:37 PM, Jul 30, 2013 • By JOHN MCCORMACK

The New York Times reports that President Obama is reviving an old proposal to lower the corporate tax rate from 35 percent to 28 percent (and 25 percent for manufacturers). Obama's push to lower the corporate tax rate to 28 percent comes less than a year after he raised the top individual income tax rate, paid by many small businesses, to 39.6 percent.

In a speech delivered Tuesday afternoon, Obama did not explain why he thinks it's a sound economic idea to raise the top marginal tax rate on small businesses but lower it for corporations.
Live Free or Die
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#2
He wants all but his cronies on welfare and food stamps
"In 4 more OMao years you won't like how America looks....I guarantee it."
“When injustice becomes law, resistance becomes duty.” -- Thomas Jefferson
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#3
Jon Doe;113129 Wrote:Obama has no idea what he's doing

He knows exactly what he's doing.
Why do you think he signed for SS protection the rest of his life?
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#4
Each and every day I get closer to believing he is AQ #1.

He's done more US destruction than 1,000 Osamas
"In 4 more OMao years you won't like how America looks....I guarantee it."
“When injustice becomes law, resistance becomes duty.” -- Thomas Jefferson
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#5
Obama seems to think that "small business" is hedge fund managers. He is in denial that small businessmen pay taxes on their personal return.

Notice after bashing Republicans on tax breaks for the rich and being shills for big business, he is now the one offering tax breaks to mega corporations and giving them a pass on Obamacare while screwing the little guys. Meanwhile, Wall Street is booming while unemployment stays high. I cannot imagine how Democrats and liberals support this guy. This is not what they signed up for.
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#6
Coops;113146 Wrote:I cannot imagine how Democrats and liberals support this guy. This is not what they signed up for.

I still say that there are enough Democrats and liberals who would support him if he ripped out the spine of his youngest daughter and beat his other one to death with it in front of the Press Corps live on TV while declaring he wants to put the entire nation into slavery for the purposes of making every living being suffer in agony.

Why? Because the alternative is that they would have to vote for a Republican or 3rd party, and they simply cannot bring themselves to cross party lines.
Vampire pig man since September 2012
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#7
Camper;113148 Wrote:I still say that there are enough Democrats and liberals who would support him if he ripped out the spine of his youngest daughter and beat his other one to death with it in front of the Press Corps live on TV while declaring he wants to put the entire nation into slavery for the purposes of making every living being suffer in agony.

I said almost the same thing when W. was president. If he killed and ate an Iraqi baby live on air Republicans would still love him. For the Obama supporters I think they would be fine with your heinous hypothetical scenario.
Live Free or Die
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#8
Jon Doe;113149 Wrote:
Camper;113148 Wrote:I still say that there are enough Democrats and liberals who would support him if he ripped out the spine of his youngest daughter and beat his other one to death with it in front of the Press Corps live on TV while declaring he wants to put the entire nation into slavery for the purposes of making every living being suffer in agony.

I said almost the same thing when W. was president. If he killed and ate an Iraqi baby live on air Republicans would still love him. For the Obama supporters I think they would be fine with your scenario.

I disagree...Republicans simply would sit the election out Wink
Vampire pig man since September 2012
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#9
Its a GOOD thing to lower Corp. rates. The BAD thing is that he was to increase spending even more as part of the bargain.

Its important to remember that the 40% (actually 39.6%) rate is marginal - any half dead business owner can get their effective rate lower so its sort of a meaningless number.
Dave, proudly annoying members of pa2a.org since Sep 2012.
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