Glenn Beck discussed this crisis today with Lloyd Chapman, President of the American Small Business Association:
14% of small businesses are likely to shut their doors in the next year.
97% of all new jobs are created by small businesses.
70% of our economy is created by small businesses.
Small business people are the ones who make around $250,000 per year, in that area.
Why does Obama have so much disdain for capitalism?
Many of us saw this coming, but America was duped by the cult of personality.
Welcome to The United Socialist States of America, USSA. You asked for it, America.
Sigh, if only this were true.
ReplyDeleteIn fact, only 8.9 percent of people with any small business income have incomes of over $250,000 and, thus, would even potentially be affected by these provisions. (See Figure 1.) And that figure substantially overstates the percentage of people with small business income who would actually be affected by these provisions; for example, only 1.9 percent of people with such income currently are in a tax bracket with a rate higher than 28 percent. As a result, the percentage of people with small business income who would be affected by proposals to increase the top two tax rates or limit the value of itemized deductions to 28 percent of deductable expenses would be extremely small.
Facts do not matter.
ReplyDeleteI like your video, its very informative for business developer. And I think video marketing like business videos are very important for any kind of business large or small
ReplyDelete