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Thursday, October 11, 2012

Small Business and the Vice Presidential Debate

Apparently the Democratic debate preparation team isn't reading this blog.  As I already explained in connection with the presidential debate, the Republican mantra about not wanting to raise taxes on small businesses because small businesses provide 2/3 of the jobs in America is a big fat red herring.  

The point is that Republicans are against raising taxes on ANYONE who makes over a million dollars a year.  Yes, some of those people happen to be small business owners, but many, many of them are not -- they are just rich people, mostly skimmers.  

In other words, they've found some arguably sympathetic individuals within the 1% and 0.1% that they are trying to funnel money to, and those individuals become their poster children.  Obama and Biden are right that small business owners include Donald Trump and hedge funds, but that still misses the bigger point -- the Republicans are trying to cut taxes for Paris Hilton too.

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