Businesses Speak About Tax Cuts Creating Jobs…

   ….which anyone with an I.Q. over 1 knows does not happen no matter how many drugs the Republicans take in order to see that illusion.

Tax Cuts do not create Jobs. Why Do Republicans push this myth?
by Blue Creekwater, Yahoo! Answers?

I'm a small business owner here in Atlanta Ga. We have a clothing store, and have an online clothing website. Both do very well, I can tell you right now, as a business owner, as a person who comes from a family of small business owners. Tax Cuts do not create jobs. Tax cuts adds profits into business owners pockets. If I get another 10% Tax cut, as the republicans are planning to push, lets say it moves and wins. If my current staff is can handle the volume, there is no incentive for me to hire new employees. That is the way it works.  [...]

Tax cuts for rich don't trickle down
By Lew Prince, politico.com -- 12/3/10

I’ve run a small business for more than 30 years, and the claim that more tax cuts for the rich can generate jobs at small businesses is ridiculous. Expecting high-end tax cuts to trickle down as job creation is about as reasonable as pouring gasoline on your hood and expecting it to run your engine.

My company’s success or failure is tied to the economic health of our 24 employees, our customers, our community, our state and our country.   [...]

Extending the Bush Tax Cuts: Would They Create More Jobs? Or Just Comfort The Comfortable?
John Keefe, The Macro View, moneywatch.com -- Jul 28, 2010

It’s about the top-line success of the business, and whether the Subway sandwich shop owner is selling more sandwiches, or the software consulting firm is adding new customers. Having been a small business owner, I know that taxes are very low on the priority list.

  One more for you to take a look at.

The Bush Tax Cuts and the Economy
Congressional Research Service -- CRS Report for Congress
Thomas L. Hungerford, Specialist in Public Finance -- Dec 10, 2010

[pg 8]

Revenue Loss from the Bush Tax Cut Provisions

Over five years, extending the provisions are estimated to reduce tax revenues by $869 billion. The 10-year revenue loss is estimated to be $2,023 billion. Debt service costs associated with permanently extending the Bush tax cuts are [...] estimated to be $450 billion.    Sources

   The American Taliban continue to push this lie and it has worked pretty damned well over the past 3 or so decades. They have to be taking in a pretty good off-the-books income from these corporations who got them into office in the first place.

Technorati Tags: Bush Tax Cuts,Taxes,Jobs,American Taliban,Ronald Reagan,Republicans,Current Events

  

Boehner Breaks Out The Tissue

American Taliban House leader John Boehner decided to break out into tears on Thursday as the talks over the federal budget went no-where. Perhaps this piece of crap should seek the attention of a medical specialist.

All of the lying and bullshit that he and his ilk have been presenting to the American public must be getting to him.

At an afternoon news conference today, Boehner announced the House GOP will press forward with a short-term government funding bill in hopes of averting a shutdown this Friday. But President Obama said Tuesday he wouldn't support a measure.

Source:http://news.yahoo.com/s/yblog_theticket/20110406/pl_yblog_theticket/boehner-gets-teary-amid-threat-of-a-government-shutdown

Rep. Ryan's Budget Cost? 2 Million Jobs

So much for job creation under any Republican proposals.

Over the next five years (during which time CBO projects that the economy will still be below potential), Chairman Ryan's Medicaid proposal would cut the program by $207 billion, which includes both eliminating the Medicaid expansion under the Affordable Care Act and even deeper cuts to the Medicaid program. Using a standard macroeconomic model that is consistent with private- and public-sector forecasters, we find that a $207 billion cut would result in a loss of 2.1 million jobs over the next five years, or 2.9 million full-time equivalent jobs.... These figures are in job-years, which refer to a job held for a single year, meaning that five jobs lost in a single year is the equivalent to one job lost over five years. Furthermore, the job loss would overwhelmingly be in the private economy. Medicaid has very low overhead, as about 96% of the program’s funds go toward benefits which are spent in the private sector. Assuming the 96% ratio is relatively constant across states (or at least not systematically biased in one direction), Medicaid cuts of this magnitude would result in the loss of just under 2 million private-sector jobs, or 2.8 million full-time equivalent jobs. This estimate is conservative for two reasons. First, because Medicaid is a program that generally benefits low-income households—who out of necessity are much more likely to consume rather than save—a larger-than-normal share of these cuts will undermine demand in the private sector. This suggests that the cut to Medicaid would have an even larger impact on the economy than we estimate here. Second, it is likely that an even larger share of the job loss would fall on the private sector because overhead includes not only labor but equipment and supplies as well, which are provided by private companies.

Info comes from: http://www.epi.org/analysis_and_opinion

On Those Little Pills That Americans Love To Take

   Gail Collins with a thought or two on those prescription pills that are pushed on television ads all day long.

Americans should know by now that you can’t put a pill in your mouth without risk. Television is full of commercials for wonder drugs that will perk up your spirits, soothe your allergies or lower your cholesterol, improving life altogether except in the cases where they lead to vivid dreams, suicidal thoughts, hair loss, stabbing pains or sudden death.

Technorati Tags: Gail Collins,Prescription Drugs,Health Care,Current Events