In response to:

Obama’s War on Family Business

lterango Wrote: Aug 08, 2012 7:20 AM
As a former Commercial Owner/Operator that would generate approx. $120,000 a year. I know from experience, that "rent or mortgage payments, insurance, salaries, benefits, unemployment and workers compensation payments" are all deductible and and reduce you taxable income by that amount. The example presented, of a Company that Grosses $250,000.00 does not come close to the $250,000.00 taxable income to be taxed at a higher rate. Please use a more plausible theoretical example that would speak to the truth and not for Grover Norquist!
Laura612 Wrote: Aug 08, 2012 11:02 AM
True. But that's not what Obama says when he speaks. He says, "People making more than $250,000," not "People with taxable income of more than $250,000." In fact - that's the point - that "taxable income" is whatever the government says it is. And the larger point is that Obama paints with a very broad brush, in large part to drum up resentment against business owners. $250,000 or $500,000 sounds like a lot of money to some. It is not a lot of money to a small family business.

One of the aspects of President Obama’s worldview that has drawn consistent fire is his evident hostility toward business. His comments in Roanoke, Virginia three weeks ago (“If you have a business, you didn’t build that”) are just the most recent in a long history of shameful displays of ignorance about the way a business is launched, how it is grown, and what makes it successful.

In his speeches, Obama tends to praise businesses only as a lead-in to calling for higher taxes on them. The President likes to attach a taint to the word “business,” as if every enterprise...