It's a Trap!

Now, after you've flashed on a mental image of Admiral Akbar, loveable lobster that he is, what I am talking about are the talks going on now in Washington DC regarding the debt ceiling.

To John Boehner:  stand firm - no tax increases with only promises of future "reform."  Because like that check in the mail, it is not going to happen.  The rhetoric about the Repiblicans "protecting" the wealthiest is bull crap when "wealthy" equates to $250,000 + a year.

You know, if I was earning a salary of $250,000 a year, yes, I'd be comfortable - well, maybe not, depending where I am living and how I gauge my own discretionary spending.  So let's just say that if I had a salary of that size, I at least could possibly be okay.  Again, I speak of salary  a $250,000 salary in, say, Knoxville, would be grand . . . providing I could find a job in Knoxville paying that much.  Maybe I would have to go to New York City to find such a job and now it is not so grand, as I pay $3500 for a one-bedroom apartment.

But many of those people with incomes of $250,000 or more per year are a special class of people:  they're called small business owners.  The profits earned by many small businesses are used to grow the business.  Maybe a second dry cleanng shop.  Maybe another assembly line on the shop floor.  You may marvel at technology playing with your iPad, but remember that developments in technology also place a burden on small businesses since they will want to invest money to keep up.  And that investment comes from their profits . . . which Obama & Co. want to increases taxes on.

How important is this?  Well, investment means more jobs.  With unemployment just under 10%, that is critical.  Consider these stats from the government - small businesses . . .

• represent 99.7 percent of all employer firms;
• employ over half of private sector jobs - more than big corporations;
• have generated 64 percent of net new jobs over the past 15 years

In short, small businesses are the backbone of our economy - and Obama's tax hikes will break that back.

BTW, there's a good opinion piece in today's Wall Street Journal.

Also, a great quote from Marco Rubio (R-FL):  We don’t need new taxes. We need new taxpayers, people that are gainfully employed, making money and paying into the tax system.