The standard Democratic line is that conservatives like myself want tax cuts for the rich and always use big business and CEO's as the arguement against them, but it really is about small business. This country is everyday becoming more reliant on small business for jobs and the implication here is that many small business owners are either in sole proprietorships or LLC's. When you are in this your business income is taxed like personal income. Take this for example...a small business owner may bring in $500,000 of income for his business, but take home $40k personally. With the democratic view on taxation he is taxed at a very high rate because he is "too wealthy" on paper. He therefore pays a higher tax rate and has less money to grow his business and create more jobs with.
i suggest you really look at the issues in this election instead of sticking to the conservative base arguments used to cloud them.
Obama-Biden Policies straight from their platform
Support Small Business
* Provide Tax Relief for Small Businesses and Start Up Companies: Barack Obama and Joe Biden will eliminate all capital gains taxes on start-up and small businesses to encourage innovation and job creation. Obama and Biden will also support small business owners by providing a $500 “Making Work Pay” tax credit to almost every worker in America. Self-employed small business owners pay both the employee and the employer side of the payroll tax, and this measure will reduce the burdens of this double taxation.
* Create a National Network of Public-Private Business Incubators: Barack Obama and Joe Biden will support entrepreneurship and spur job growth by creating a national network of public-private business incubators. Business incubators facilitate the critical work of entrepreneurs in creating start-up companies. Obama and Biden will invest $250 million per year to increase the number and size of incubators in disadvantaged communities throughout the country.
btw what do you think about the hands off policies of fiscal conservatives and the effect on the investment banking sector in this country?
How will small businesses be able to survive if investment banking is failing?
Looks to me like some greedy people in charge of these banks got overzealous because they could and its biting us all in the ass. So much for the trickle-down