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Politics : Formerly About Advanced Micro Devices
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To: SilentZ who wrote (552002)2/25/2010 9:22:37 PM
From: RetiredNow  Read Replies (1) of 1577594
 
You don't get it. Small businesses are laying people off and many are going under. Other small businesses have plenty of opportunities, but can't get credit. My brother tells me they are continue to shelve profitable deals because of lack of financing.

Cutting taxes for small businesses is a way to provide those businesses with a cushion so that they don't have to lay people off. That saves jobs and that means consumption and end customer demand doesn't fall off the cliff. Then when demand comes back, the lower cost structure of these same businesses means they can hire more workers faster in the upturn.

Small businesses generate 75% of the new jobs in this country. That continues to be this country's primary engine of growth. We need to protect and encourage that engine.

For every dollar of stimulus you give to small businesses, it has 3 times the multiplier effect of a dollar given to individuals. I am almost always against tax cuts to individuals or any kind of welfare. It just doesn't work in the long run.
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