Saturday, December 10, 2011

Protecting the 'job creators'

The payroll tax holiday extension being debated in the Senate right now, was to be orginally paid for with a .2% tax on making over $1,000,000. The so-called 'Millionaires Surtax'.

This caused NPR to do, or attempt to do a story on the who and how the surtax would affect.
With interesting results...............

'The argument is that many small-business owners report company profits on their individual taxes because of the way their businesses are structured. Sen. John Thune, R-S.D., says the surtax would hurt their ability to hire'.

"It's just intuitive that, you know, if you're somebody who's in business and you get hit with a tax increase, it's going to be that much harder, I think, to make investments that are going to lead to job creation," says Thune.

'We wanted to talk to business owners who would be affected. So, NPR requested help from numerous Republican congressional offices, including House and Senate leadership. They were unable to produce a single millionaire job creator for us to interview'.
 
'So we went to the business groups that have been lobbying against the surtax. Again, three days after putting in a request, none of them was able to find someone for us to talk to. A group called the Tax Relief Coalition said the problem was finding someone willing to talk about their personal taxes on national radio'.
From : http://www.npr.org/blogs/itsallpolitics/2011/12/09/143398685/gop-objects-to-millionaires-surtax-millionaires-we-found-not-so-much

To paraphrase Ed Schultz - where are the 'job creators'?



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