Friday, July 20, 2012

If Entrepreneurs Didn’t Build It, Who Did? - AskHeritage

If Entrepreneurs Didn’t Build It, Who Did? - AskHeritage
The purpose of government is to create the conditions that allow each individual to freely exercise his rights. Heritage Foundation First Principles
Basic function of government: Pave the roads, deliver the mail, defend the shores, collect the taxes.
Only batting .500 on that.

Basic obligation of government: "...establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessings of liberty..."
H'mmm. I don't see any examples of any of those duties being fulfilles. Quite the opposite.
It is this view of successful businesses—essentially, “You owe us”—that drives Obama’s continued attacks on the country’s job creators in the form of tax hikes and regulations.
It’s a tough time to be a business owner and entrepreneur in America. Surveys show small business owners are struggling, and they are not expanding or hiring because of tax and regulatory uncertainty. Federal agencies, from Health and Human Services to the Environmental Protection Agency, are regulating them to death. And just last week, President Obama announced his latest economic plan was to hit job creators with a tax increase.

The President’s plan to raise taxes on earnings above $200,000 ($250,000 for joint filers) would hit 1.2 million small-business employers who pay their taxes through the individual income tax, known as flow-through businesses. These businesses that are creating jobs earn almost all—91 percent—of the income earned by flow-through employer-businesses.

The new tax increase could be equivalent to one employee per small business. According to calculations by The Heritage Foundation’s Center for Data Analysis, the average American with $250,000 or more in income can expect an average $24,888 tax increase next year under Obama’s proposed policies. That $24,888 figure is often enough for a salary. So the President could be putting about 1.2 million jobs—perhaps even more—at risk with this tax hike. 
Hitting private job creators while advocating more stimulus spending and government jobs. That’s the President’s plan for the economy.


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