My lunch with John McCain proved he’s got what it takes
Because I’m a small business owner, Monday I got to sit and have a 40 minute semi-private lunch with Senator John McCain. Senator McCain, four others, and I discussed the systems and the conditions that allow small business to create jobs and wealth. As an owner of multiple businesses for almost 20 years, I found that he clearly understands the issues confronting the economy and small business.
The choice you make this Election Day will have a huge impact upon your next employer and your job. There is the idea out there that says unless you make above $250 thousand Dollars, Senator Obama’s tax plan will not affect you. What is not commonly known is that small business is taxed based on its operating income, not the owner’s take home pay. If you work for, or hope to work for, a business with more than 15 employees, Senator Obama’s tax plan will indeed have a direct personal impact upon you.
Directly, your employer will have significantly less working capital to expand, less capital to give raises and less ability to increase benefits. This means less security for you because like many individuals, businesses are currently struggling. Reducing their cash reserves through higher taxes will slow the healthy businesses and close those employers already suffering from dwindling cash and slumping sales. New employers will have an even higher hurdle to jump.
Against sound economic principles, Senator Obama is proposing a 33% increase in capital gains tax and a 13% increase in income tax. Small business is taxed upon the operating income used to buy equipment and store cash reserves for slow economic periods.
The OECD tracking shows the United States as having the second highest corporate tax in the world. Only Japan is higher and they have announced they are lowering their tax rates. Next year we will be the highest taxed country for employers. Should we further increase our taxes while much of the world is lowering their tax rate in order to attract our jobs?
What impressed me most about my lunch with Senator McCain is his humanity, his tenderness. He was in so many ways, just like me. He repeatedly returned our conversation to those currently in need in this economic downturn. He said we need to sustain a system that creates wealth and yet help those currently suffering in this economic downturn.
Russ Duker
Columbia, Mo.
And 20 million Americans will lose their employer based health insurance under the McCain plan. So, if you’re an owner of multi-businesses for over 20 years, you can finally buy that luxury yacht you’ve been dreaming of for the past 10 years.
Russ,
Obama says he will eliminate capital gains taxes for small businesses.
According to the Tax Policy Center, 98% of small businesses would see a tax increase under Obama’s plan.
Tenderness? Really? Must not come across well on the TeeVee.
Ha Ha
Correction:
98% of small businesses would NOT see a tax increase under Obama’s plan.
And for the 20 million Americans who lose their employer insurance, and are LUCKY enough to NOT BE REJECTED in the individual market, they will pay over $2,000 more for the same coverage.
Heck, that’s just as bad as a $2,000+ TAX INCREASE!!!
Cost And Coverage Implications Of The McCain Plan To Restructure Health Insurance
It is much more expensive to sell insurance to millions of individuals one individual at a time than it is to sell to a much smaller number of employer groups, each comprising thousands of employees. For a typical family that moves from group to individual coverage, therefore, the move to nongroup insurance will raise premiums for an identical policy by more than $2,000 per year.
Russ, John McCain will simply NOT provide the socialistic Utopia that libtards like Lisa and Mrs Garrison desire. Lisa is foolish enough to believe that a government that cant even run a cafeteria is somehow qualified to run healthcare for the nation. Mrs Garrison is a union goon who thinks everyone should lose the right to a secret ballot when voting to give union dues to democrats.
Expect more of this from the left wing nut cases
http://www.drudgereport.com/
Or hire 20 more people, or give all your employees raises. The possibilities are endless. Unless of course we foolishly elect Sen (It’s not that I want to punish your success, but…) Obama. Then no one will have that choice.
Can you imagine what would have happened if the tens of millions Obama wasted on that useless public education project he managed with mass murderer-wannabe William Ayers had gone toward helping Chicago school children instead? Hundreds if not thousands of bright, educated children would be better spellers than the clown running for VP.
It’s almost like Barack Obama hates inner city kids. He’s never done anything to help them.
Should have mentioned that after using your $5,000 tax credit towards that Individual policy, you will still need another $9,000 to pay for the entire $14,000 cost of the average Individual Family Policy.
I do not doubt that John McCain is a decent human being, there ar3e very few evil people despite what the right wing want to think about Obama.
I do believe he is a maverick. However, a maverick is effective being on the outside and bucking the system. He wants to be both the defender of the system and the one bucking the system.
As for the economy. He was apparently the last person to realize how bad the economy was, except for perhaps his then economic advisor Phil Gramm who thought we were complaining about nothing.
A week before the credit freeze with the markets in trouble, McCain tried to tell us that the fundamentals were strong. He never defined what a fundamental was. When the freeze came he defined fundamentals as the workers were strong (unemployed nut strong). He rushed back to Washington suspending his campaign until the problem was fixed. He then stopped to give news interviews explaining why he could not stop and had to rush back to D.C. He did nothing positive during his stay in DC, even some members of his party said so, except have photo ops with the President. Then with the problem still existing and negotiations on going he rushed back to his campaign. In the third debate he talked about his new plan to buy up mortgages, the next day he backed off on some key parts of his plan.
The man is late to the party, shoots from the hip before he knows where the gun is pointed, then with the bullet in mid flight he decides that he used the wrong caliber bullet and tries to change before it hits any target. Even then he usually misses.
No matter how much sympathy he has for everyone. He does not appear to have a plan that lasts more than a few days.
Bob, Barck Hussein Obama said the fundamentals of the economy were strong also, where is your criticism of him? Barney Frank, just this week before he said there were more tax increases coming said the fundamentals of the economy were strong, where is your criticism of him? Maybe, just maybe, McCain was right and these other two clowns are just figuring it out. After all, McCain saw the damage F/F would do and called for reform LONG before Barack Hussein Obama wrote a freakin letter.