Relevant:
- Tax Cuts in Search of a Problem
- New Studies Debunk Idea that Ending Tax Cuts on Wealthy Hurts Small Businesses
- House passes sweeping tax bill; Teeing Senate Up For Battle
- America's Small Businesses Need a Marshall Plan
- Cuts, What Cuts? Deficit Bill Has No Cuts, No Revenue Either, Just Hot Air; "Sugar-Coated Satan Sandwich?"
Ass Backwards: Senate to Shelve Bush Tax Cuts for Individuals; House to Pass Small Business Tax Cuts
2010-09-23 — blogspot.com
Mish analyzes the myriad ways Congress and the Administration are being perfectly useless (as usual) with their plans on various tax bills.
... should [Obama] the and the republicans be unable to find a compromise and all tax cuts expire, the impact to the economy could be so vast that America's breezy depression will become a full blown hurricane, possibly worse than anything the nation has ever seen.
Given the #1 problem facing small corporation is lack of customers, it makes little sense to entice businesses to increase capacity. Payroll tax credits suffer the same flaw.
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