Treasury Sec. Geithner: We Need to Raise Taxes on Small Businesses Because It‘s ’Fair’
- Posted on June 24, 2011 at 1:40pm by
Jonathon M. Seidl
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Treasury Secretary Timothy Geithner admitted on Wednesday that the administration’s budget plan will, in fact, raise taxes on small businesses. However, it‘s a move he said is necessary and justified because revenues must increase in a way that’s “fair to people as a whole.”
Geithner’s testimony came after he was confronted by Rep. Renee Ellmers (R-NC) on the administration’s proposal to raise taxes on those earning above $250,000. Many small business owners file taxes the same way individuals do, giving the appearance that they are bringing in higher earnings.
“Looking into the future, you are supporting the idea of taxation, increasing taxes on those who make $250,000 or more. Those are our business owners,” Ellmers said. Geithner responded that it would only affect “three percent of your small businesses.”
When pressed further by Ellmers, Geithner revealed that the motivation behind the increase is based on fairness.
“But just to put it in perspective, it’s important to recognize why are we doing this,” he explained. “You know, our deficits are 10 percent of GDP, higher than they’ve been since any time in the postwar period really. We have a big hole to dig out of, and we have to figure out how to do that in a way that’s balanced, good for growth, fair to people as a whole.”
Watch the exchange below via CNS News:
“We’re not doing it because we want to do it, we’re doing it because we see no alternative to a balanced approach to reduce our fiscal deficits,” Geithner said later.
But that’s not entirely true. Geithner and the administration to have an alternative. Congressional Republicans are proposing an alternative to tax hikes that would cut about $2 trillion in spending over 10 years.
“Sadly, the Democrats’ response has been a mystifying call for more stimulus spending and huge tax hikes on American job creators. That’s not serious, and it is my hope that the president will take those off the table on Monday so that we can have a serious discussion about our country’s economic future,” Senate Minority Mitch McConnell said today.
Read more of Geithner’s quotes at CNS News.
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Comments (246)
h20sue
Posted on June 24, 2011 at 1:58pmI am a small business owner (two people) and this man is NUTS! Since 2008 I’ve lost my A–!
Report Post »I’m struggling to put food on the table, pay high gas prices, and haven’t been able to make a bit of money since 2008! Sales suck because folks are scared to spend money. They’ve laid off 85% of their employees, and this idiot thinks he needs to raise taxes on us? What a nin-ca-poop, and I’m being nice. Someone needs to spread the word to Mr. Geithner that he’s barking up the wrong three. Obama has been trying to kill small business, and if Geithner goes forth on this, you just as well start digging graves for us. Many of my fellow business owners have already gone belly up and I’ve worked my butt off since 2004 building my business and keeping my customers happy. We cannot allow liberals to do this to us. Never!!!!!!! Obama needs to stop spending money like it’s growing on trees. He needs to stay the heck out of Air Force One, He needs to stop taking vacations on our dime, he needs to stop giving Pakistan, and Afghanistan MONEY! If we had all the monies he and Hillary have given to foreign countries we wouldn’t be in this debt. I think everyone that is working under Obama or in the Senate must be illiterate, or just plain ignorant, and yes Barney Frank, that includes you, Pelosi, Clinton, Reed, Gates, and Geighner. I am not even certain Bernake has all his marbles after the last announcement he made. He really must think American’s are stupid.
fitsgibbons
Posted on June 24, 2011 at 1:58pmRunning a business in America is too hard anymore. I had to down size my business because of the long arm of government. Too many regulations and taxed way too much. Being in business isn’t all that desirable to me to me anymore, but at least I don’t have to rely on anyone, like government, to find work for me. IT’S ALL UP TO ME! That’s the way I like it.
Report Post »wash1776
Posted on June 24, 2011 at 1:57pmIf this isn’t the most ridiculous crock of crap from this guy. He wouldn’t even pay his own taxes and God only knows how much he is getting out of with the office he now holds. The fair thing would have been if he had never gotten this office and was kicked out now. STOP THE SPENDING STUPID! Then maybe we wouldn’t need anymore tax increases. There have already been way too many since you and Obama took office you hypocrite.
Report Post »whereareyourbrains
Posted on June 24, 2011 at 1:56pmTime for him to go. Lower you pay check by thousands….All of Government should give back their money they steal. Raise after Raise after Raise……..Every single employee should give back all the raises they have had in the past 8 yrs or even longer.
Report Post »jackeric61
Posted on June 24, 2011 at 1:56pmHe is the biggest fake ever. To think that 3% (as he cailms) of the small businesses will help reduce the budget shortfall is BS. Geitner is just a pawn for the elite that are trying to destroy middle class and enslave us. He has the double talk down to a science. It’s not that we want to do it we have no other choice. If 3% of 16 trillion (our total cash revenue) is 480 billion $ even if they tax it at 10% thats 48 billion $ what will that do for a 1.6 tillion $ shortfall. It’s a spit in the ocean.
Report Post »geonj
Posted on June 24, 2011 at 1:55pmnice job tim. don’t cut spending, just raise taxes on the people who drive job creation.
Report Post »OneofMany
Posted on June 24, 2011 at 1:54pmGeithner is a lackey. Just remove the LOOPHOLES for companies like G.E. who made 5 billion in PROFIT and paid ZERO in taxes! It has been PROVEN, lower taxes, creates jobs! He is lying!
Report Post »psychosocial1
Posted on June 24, 2011 at 6:59pmReally? Did you read your own post? Lower taxes, create jobs? GE has paid zero in taxes. GE is also one of the biggest outsourcers of jobs. According to your logic GE, paying no taxes, should be creating a tremendous amount of jobs here, but they aren’t.
Report Post »vennoye
Posted on June 24, 2011 at 1:53pmSince it has been proven that small businesses are the largest job creators in our economy, this makes NO sense whatsoever unless your objective is to lose jobs rather than create them.
Report Post »Mandors
Posted on June 24, 2011 at 1:53pmTaking money from people who work and giving it to people who don’t is not fair.
Report Post »starman70
Posted on June 24, 2011 at 2:31pmThat is how democrats get elected. They create an environment of fear in the poorest citziens and then enslave them to welfare.
In order to pay for the enslavement of the poor, they tax the productive citizens to death, therby causing productive businesses to either lay off or terminate workers or move the business overseas. This serves to broaden the welfare receiptants base making more people dependant on the system by using fear, ccoerce them to vote democrat.
Change Washington from the top down! Remove all the communists and czars and return government to sensible people who care about America.
Replace the tax cheat Geithner IMMEDIATELT!!
Report Post »teddrunk
Posted on June 24, 2011 at 1:51pmThis economy is in the toilet and it’s the tax & spend Democrats fault.
Report Post »wisehiney
Posted on June 24, 2011 at 1:51pmOnly talent this weasel has is making people cuss.
Report Post »regressive_democrat
Posted on June 24, 2011 at 1:51pmObama’s War on Prosperity™
Report Post »Bushie
Posted on June 24, 2011 at 2:37pmobama’s war on the America he hates.
Report Post »republapig
Posted on June 24, 2011 at 3:22pmI agree Bushie, BamBam would love to see this country destroyed!
Report Post »ThomasUSA
Posted on June 24, 2011 at 1:50pmAnd just WHO are you saying this fair for? This is just more of the “redistribution of wealth” that is tearing down this country, and so many other socialist countries around the world and they are ALL failing.
Report Post »REETZBEE
Posted on June 24, 2011 at 1:49pmAre these people out of their friggin minds. Cut spending and waste in Washington and leave the taxes alone. What a bunch of corrupt cowards!!
Report Post »Bushie
Posted on June 24, 2011 at 1:49pmI would love to go a couple of rounds with this “little” man.
Report Post »NOBALONEY
Posted on June 24, 2011 at 1:49pmTreasury Secretary Geithner need to go. He’s cooked the books, and now he’s giving advice on raising more taxes. Remember when he got appointed Treasury Secretary with tax problems of his own. He’s the last one remaining of the Obama economic team, and the one with plenty of dirt on his hands.
Report Post »papabear27
Posted on June 24, 2011 at 1:48pmSTOP GOVERNMENT SPENDING !!! CUT GOVERNMENT SPENDING !!! ELIMINATE GOVERNMENT WASTE AND FRAUD !!! STOP GOVERNMENT SPENDING NOW !!!
He is NOT answering the questions! He is ignoring the solutions to FORCE his agenda on the country.
Report Post »hersey10
Posted on June 24, 2011 at 1:48pmUmmmm , for who ? Everything is “out of fairness” except none of it is . I’d love to slap the bi*ch out of Turbo Tax .
Report Post »CaptDick
Posted on June 24, 2011 at 1:47pmMore social justice, more govt spending like drunken sailors, more picking winners and losers
Report Post »ecurbyy
Posted on June 24, 2011 at 2:29pmHey; You’re giving drunken sailors a bad name. At least they’re spending their own damn money.
Report Post »Oh My God
Posted on June 24, 2011 at 1:45pmI have a small business – just me. I can’t afford any more taxes. I already live in a state that is not business friendly.
Report Post »Mumbly
Posted on June 24, 2011 at 2:19pmCome to Texas. You are welcome here.
Report Post »The_Bees_Assume
Posted on June 24, 2011 at 2:57pmWere you able to benefit from any of the Small Business Tax considerations in the past 5 years? how’s that working for you?
Report Post »Patriot12
Posted on June 25, 2011 at 8:21amMumbly, I would take my business to Texas from Oklahoma, but the illegals I am fighting here are worse in Texas. I own a landscape company and I have lost 47% of my revenue since 2009 to illegals. Now I am going to have to fight the government as well. I see no future for my family.
Report Post »sWampy
Posted on June 24, 2011 at 1:45pmWhen the liberals say fair, they mean screw the poor/middle class, help the wealthy.
Report Post »Dustoff
Posted on June 24, 2011 at 2:22pmWatch what little job growth die.
Report Post »13th Imam
Posted on June 24, 2011 at 1:45pmSomebody has to carry GE’s water. Do you expect GE to carry this country alone.
Oh , What, GE didn’t pay ANY income taxes last year?
Nevermind
Report Post »republapig
Posted on June 24, 2011 at 1:56pmWell gosh, GE isn’t a small business. Taxing them wouldn’t be “fair”.
Report Post »DaytonConserve
Posted on June 25, 2011 at 3:36amTurbo Tax Timmy “The Emperor” has no cloths. Weinergate II?
Report Post »oldasdirt
Posted on June 24, 2011 at 1:44pmWell Timmy,,was it Turbo tax told you that,,or,,could it be,,,,Oh I dont know,,,,,Soros!!!!
Report Post »republapig
Posted on June 24, 2011 at 1:44pmInstead of raising taxes, why don’t we cut stupid spending. Like treadmills for shrimp.
Report Post »RepubliCorp
Posted on June 24, 2011 at 2:15pmLets put the last nail in the coffin ……..for the middle class
Report Post »The_Bees_Assume
Posted on June 24, 2011 at 2:53pmThose shrimp treadmills have already earned their pay – it was a method used to prove the health effects of different levels of petroleum poisoning on Gulf of Mexico Crustaceans.
Now, it’s Very easy to measure shrimp performance (samples caught at sea) and calculate oil contamination and cleanup effort effectiveness. This information is worth literally Millions to BP and the States, and local fishermen. (who are mostly small businesses)
Report Post »republapig
Posted on June 24, 2011 at 3:25pmBees, it was juast an example. Take your choice of the stupid things govt does with OUR money.
Report Post »Robert-CA
Posted on June 24, 2011 at 3:36pmLet’s go after the people who are evading taxes … oops I didn’t mean to include you Timmy .
Report Post »Small business is already in trouble , what’s next ?
fixer
Posted on June 24, 2011 at 4:07pmIt’s about time this nitwit stepped down…TAXCHEAT!…why would I listen to you!
Report Post »Teaparty-grammy
Posted on June 24, 2011 at 5:33pm@ The_Bees_Assume, who Posted: “Those shrimp treadmills have already earned their pay – it was a method used to prove the health effects of different levels of petroleum poisoning on Gulf of Mexico Crustaceans.
Now, it’s Very easy to measure shrimp performance (samples caught at sea) and calculate oil contamination and cleanup effort effectiveness. This information is worth literally Millions to BP and the States, and local fishermen. (who are mostly small businesses)”
I’m sorry, but I have a hard time believing that the ONLY way to measure shrimp health was to spend a zillion dollars on custom-designed tiny little treadmills. Methinks this is the work of an IDIOT!
Report Post »avenger
Posted on June 24, 2011 at 8:43pmdude,shrimp need to stay healthy cause they taste better…
Report Post »DaytonConserve
Posted on June 25, 2011 at 3:32amThe shrimp on the treadmill work harder and are more honest than the weazel politicians and bureaucrats. “Fair” would be that all citizens pay the same tax rate, no matter what.
Report Post »DrFrost
Posted on June 27, 2011 at 11:47am“Small business is already in trouble , what’s next ?” – Robert-CA
They‘ll just pick another group that’s strongly Republican to go after. Let’s see… maybe they’ll take away tax-free status from religious organizations? I mean… afterall… we have to be “fair.”
Report Post »Awakened One
Posted on June 24, 2011 at 1:44pmFair to who? Stop with the raising taxes. Cut spending and giving money to your special interest friends.
Report Post »SavingtheRepublic.com
Posted on June 24, 2011 at 1:48pm^____^____^
No dude that makes too much sense esp coming from a guy who couldnt fig out how to use TurboTax!
Typical liberal progressive solution to a problem they helped create TAX the HECK out of the people whose dollar they earn they only get to keep what .40 cents as it is with all the taxes we already have. Oh and then there is the hidden tax aka INFLATION on top of that and the soon to be want to live in the US tax aka obamacare mandate!
Hahaha wanna bring a country down this is the way to do it tax the heck out of the ppl continue to pile on the debt/spending and just use “raise taxes” as a way to pay for things we dont have the money for! http://tinyurl.com/yhglscs
Report Post »Eric_The_Red_State
Posted on June 24, 2011 at 1:49pmI will be so happy to see him leave in 18 months.
Happy Happy Happy.
I just hope we can keep bailing out the boat until that happens
Report Post »Ohio Biker
Posted on June 24, 2011 at 1:50pmB U L L C R A P ! tax me for any reason but fairness, tax me to pay for your B u l l policies, your insane wars, your totally unfair redistribution of wealth, tax me for anything under the threat of sending me to jail but DO NOT tax me because it is fair, You F r i c k i n g I d i o t!
Report Post »getalong
Posted on June 24, 2011 at 1:52pmThe height of insanity by this liberal irresponsible man who thinks taxpayer’s money is his own personal fund to play with.
Report Post »Eric_The_Red_State
Posted on June 24, 2011 at 1:52pmTax laws of this year – 35 pages.
Tax laws of 3 years ago – 2 pages
We are “Governmenting” ourselves to death.
Why is that so hard to see for some people??
Report Post »I know why – because if we DID stop spending and Taxing – the Democrats would all be out of a JOB,
Anonymous T. Irrelevant
Posted on June 24, 2011 at 1:53pmObama didn’t hire anyone smarter than himself. If this idiot would pay his taxes and make GE and all the other boot-lickers pay theirs, then quit spending it all, there would be no need to raise taxes.
Report Post »Texas Grasshopper
Posted on June 24, 2011 at 1:54pm@ eric …in 18 months we might not have an ecomony left …this crap is getting old …
Report Post »silentwatcher
Posted on June 24, 2011 at 1:54pmRight,,,yea,,,fair to the gov’t!! I mean, after all, why should the small businesses get more of the earnings than the gov’t? They’ll straighten that one out, I’m sure.
Report Post »DJR
Posted on June 24, 2011 at 1:55pmThey’re not afraid to admit it anymore. Spread the wealth.
Report Post »silentwatcher
Posted on June 24, 2011 at 1:57pm“We’re not doing it because we want to do it, we’re doing it because we see no alternative to a balanced approach to reduce our fiscal deficits,” Geithner said later.
Um-hmm. Still refuse to curb your spending, huh? I‘d be divorced if my wife had spending practices like ya’ll do. Get educated!!!!
Report Post »banjarmon
Posted on June 24, 2011 at 1:57pmGeithner, YOUR FIRED…along with BO…WE the PEOPLE say SO!!!
Report Post »momprayn
Posted on June 24, 2011 at 2:01pmTim is just another corrupt, lying, sneaky, self centered foolish radical helping Obama and other fellow radicals to bring down this capitalistic country they hate. They have no interest in really helping anyone but themselves. I pray that soon all these criminals running our Govn’t will be fully exposed with irrefutable evidence and justice & truth will reign….and God bless America………..again.
Report Post »VegasGuy
Posted on June 24, 2011 at 2:03pmThis is the height of hypocrisy considering it comes from a tax dodger who only paid up part of what he owed to the IRS after he was caught. Obama owns this clown. Obama needs to go so we can get rid of Geithner!
Report Post »KickinBack
Posted on June 24, 2011 at 2:15pmWe need to kick you and your boss‘ arse out of office Timmy ’cuz that’s only fair.
Report Post »chazman
Posted on June 24, 2011 at 2:24pmThe American people said “NO,” Timmy! Now do as yer told …
Report Post »drbage
Posted on June 24, 2011 at 2:35pmFair????? Fair would be you and your cronies paying your taxes on time or , if late, with penalties like we, the people. Fair would be having the IRS employees pay the $4.5 B that they owe in back taxes.
Report Post »kraphtsman
Posted on June 24, 2011 at 2:41pmSocialist ******* mental midgets, such as Geitner and the VAST majority of Democrat politicians (starting with the idiot-in-chief Obama) know NOTHING about fiscal management or simple economics. All these putrid dopes know how to do is TAX-AND-SPEND… This is ALWAYS their answer to ANY situation.
The Dems controlled Congress for the past 7 years, and the entire Federal Government the last 2 years. This out-of-control and suicidal level of spending is TOTALLY the blame of the Democrats. THEY OWN this truly horrific economy, and THEY WILL BE HELD ACCOUNBTABLE for their destructive fiscal and regulatory policies. DEATH TO THE DEMOCRAT PARTY in ‘012 !!!!!!!
Report Post »TexasCommonSense
Posted on June 24, 2011 at 2:50pmEveryone knows small businesses drive our economy more than just about anything. More proof this administration doesn’t care a lick about stimulating the economy. They want it to collapse. It’s no wonder the Communist Party USA openly supports Obama on their web site.
Report Post »NoMarxist
Posted on June 24, 2011 at 2:51pmHow about we start throwing tax cheats in jail.. BECAUSE IT’S THE LAW!!
Report Post »Sound The Trumpet In Zion
Posted on June 24, 2011 at 2:54pmHe‘s wanting to raise taxes on everyone to make up for the crooks that don’t pay their taxes – right Geithner?
Report Post »kentuckypatriot
Posted on June 24, 2011 at 2:58pmwhat a douche bag!! tax this you evil good for nothing tax cheat!!! at least muhammad obama made one promise: he is redistributing the wealth. what a joke.
Report Post »Blackhawk1
Posted on June 24, 2011 at 3:01pmYou can’t really blame Timmy, He like all the other Obama cabinet members NEVER had a real job. They have all been living off and spending money they didn’t earn.
Report Post »The_Bees_Assume
Posted on June 24, 2011 at 3:10pmThe taxes would apply to a small business who “nets” $250,000 in one year. That means net income (after taxes and expenses). That means only about 2-3% of S Corporations need to deal with this.
Read more: How many people or businesses earn over $250,000 per year – JustAnswer http://www.justanswer.com/tax/1i86h-people-businesses-earn-250-000-per-year.html
Just for Fun, how many Blazers haul in $250,000 in NET Profit who are not inclined to incorporate? You and your acquaintances… Just want to see how big a deal this is going to be???
Report Post »chazman
Posted on June 24, 2011 at 3:10pmThis is just part of the LIBERAL MARXIST mindset. I think the most important thing that we can do as American’s is NEVER allow Liberals to govern us ever again. After that we can go after the State Controlled Media, and as conservatives, take over those institutions!! We need to make it so that if you want to be a Liberal you will have to do it from France!!
Report Post »Elena2010
Posted on June 24, 2011 at 3:11pmFair is EVERYONE, even the poor, pay a flat rate.
To take from one and give to another is not fair — it is theft.
To offer of one’s own stuff and give to another is charity. Americans are THE most charitable folks on the planet.
STOP stealing!
LIVE on your own dime. No more free rides! If the poor also pay a flat rate, they will become stake holders in this great country of ours. Freebies only generate a sense of entitlement and make cheap the “gift.” For example, I know of none who will graffiti his own home…no, he graffitis your home. Let the poor own America along with the middle class and wealthy for a change.
Report Post »The_Bees_Assume
Posted on June 24, 2011 at 3:16pmTEXASCOMMONSENSE: “It’s no wonder the Communist Party USA openly supports Obama on their web site.”
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Please direct me to the place where they say they support Obama, I looked at the website and think you might be exaggerating. Thanks mate.
“Texas, its like a whole other country.” (from your click-on-name link)
Report Post »last frontier
Posted on June 24, 2011 at 3:18pmDo you remember the old transmission commercial in the 70′s when the Bucktooth guy comes out of the back shop and says “let me work on it boss, I always wanted to fix a transmission”
Report Post »grandmaof5
Posted on June 24, 2011 at 3:37pmThere is a special place in hell for Geitner and his cronies; it will be right next door to Obama and his cronies. Quit strangling small businesses! And Geitner and Obama need to get on the same page, or did Geitner wait until after Obama’s NC speech to drop this bombshell (excuse the hostile rhetoric).
Report Post »the hawk
Posted on June 24, 2011 at 3:44pmThis guy has on buiness talking about TAXES !
Report Post »CatB
Posted on June 24, 2011 at 4:07pmGeitner needs to be FIRED for being such a total a$$. Stop destroying the country .. you and your boss Obama need to be tried for TREASON!
TEA!
Report Post »Lotus503
Posted on June 24, 2011 at 4:18pmI think Tim Geithner needs to be fired. It’s only fair.
Report Post »TexasCommonSense
Posted on June 24, 2011 at 4:18pmThe_Bees_Assume, it seems my information has become dated. Their articles from the Spring after his election don’t appear to be there anymore. No doubt they realized it was becoming a liability to him, or even they are changing their mind.
This article, among many other, proves how inept this administration has been. They’re running a deficit of $1.5T per year and they want more money from job creators? I say we take a chainsaw to the more than $3T per year budget.
Report Post »ozchambers
Posted on June 24, 2011 at 4:54pmThis guy is so smart we cannot begin to comprehend his economic decisions.
Report Post »Teaparty-grammy
Posted on June 24, 2011 at 5:26pmHow is it “fair” when GE and ther Obama cronies pay NOTHING, while they dream up new ways to tax the few people who are actually creating jobs? More “wealth redistribution” BS and ful steam ahead with the plan to destroy this country.
I hope NOW people understand why we Conservatives simply CANNOT go off in all directions following this candidate or that. The liberals won’t be donig that–they’re all deadly focused on re-electing the current TRAITOR so he can finish the job of destroying our country.
In order to prevent this, we are gong to have to get behind ONE candidate and make sure that candidate has the funding to go the distance, because you can be sure the biased media and the entire liberal establishment will be working to make sure our candidate gets no attention and no platform from which to speak.
We simply cannot afford to let minor disagreements in policy derail our entire movement. There IS no perfect candidate. Get used to it. Pick the one that best embodies our ideals and back him or her to the hilt, then VOTE AS A BLOC in November–that is the ONLY way to defeat the Odumber crowd.
So let’s quit defeating ourselves and start working SMART to get this done!
Report Post »HKS
Posted on June 24, 2011 at 5:59pmThis guy makes me think I might be wrong on abortion.
Report Post »Sad4theUS
Posted on June 24, 2011 at 6:13pmEnough with the taxing! We’re not here to get you out of your messes! And in case you don’t realize this… It NEVER works! Once taxes are raised, they NEVER go back down… EVER!!! So it’s certainly not necessary, not for small business, especially after they will be forced into buying Obummer Care too!
Report Post »I say; Cut the perks, ridiculous benefits and pensions and raise only the taxes of our Government and Billionaires! (Especially Soros!!!) (Of course, only after removing any and all loopholes that you and the deceitfully filthy rich use!) Why… We’d make AND save hundreds of millions right there!
I know, I know… it’s just a dream….
sooner12
Posted on June 24, 2011 at 8:26pmWe have what 50% of the population that don’t pay any taxes?
Every person should pay taxes for the privilege of being an American.
At least if one doesn‘t pay taxes he doesn’t get to vote.
Report Post »avenger
Posted on June 24, 2011 at 8:37pmfk this pinhead elite shet…tax cheat that never had a REAL JOB. why do we continue to tolerate this nonsense ?
Report Post »@ Coyote2
Posted on June 24, 2011 at 10:39pmIs this Geithner thing really as dumb as it looks?
Report Post »thepatriotdave
Posted on June 25, 2011 at 5:13amWhat the hell gives with Democrats? Are they born with this sickness or is it something that grows over time? I liken it to retardation. What’s so hard for them to understand that when you have no money, you should do like we have to do…. stop spending. As each day goes by and the Dems continue this push for more taxes and more spending, the Democrat Party tries to force this country to its knees and bring on a complete and total collapse. They must be doing this on purpose, cause NOBODY is this stupid to continue with policies like theirs.
http://www.allenwestforpresident.us
Report Post »http://www.AMillionGoWest.com
StonyBurk
Posted on June 25, 2011 at 7:53amWe ought remember what a AM Radio talk jock said about htis guy — He’s a tax cheat himself– who knows better how to create a system that will encourage others to be like him?— Why raise taxes and discourage job growth.Certainly we ALL ought agree we don’t have nearly enough Government regulation in America.Give a man a big enough forklift and he can surely pick up our US Code.And any team of a hundred lawyers ought be able to read through in in a few years.
Report Post »old white guy
Posted on June 25, 2011 at 9:42amcut spending and start taxing the 40 to 50 percent who don‘t pay federal taxes and i don’t mean the rich. how about at least a 5% tax on all those on the bottom end.
Report Post »TomFerrari
Posted on June 25, 2011 at 10:23amObama’s plan all along, and geithner is just a lapdog, so this is no surprise.
FAIR?
I call “BULL CRAP”
Is it FAIR for HALF of the country not to pay ANY income taxes while the rest of the country carries them?
MAKER or TAKER – WHICH ONE ARE YOU?
Every public employee, by definition, is a TAKER.
Every government contractor, to the degree they are funded by the government, is, to that degree, a TAKER.
How many people does that leave who actually PRODUCE a good or service?
Government is not a “participant” in the econcomy – it is a LEECH on the economy – it only profits when the economy id doing well all by itsself. When government steps in, it slows down the economy, reducing its own share of the economy.
Instead of allowing us to get it restarted, they want to TAKE a bigger share!
LET US GROW THE PIE, and you will get more pie!
Taking more slices will just starve us so we can’t work to grow more pie!
And then there is the matter of government COMPETING with private industry. Given a finite consumer base, and a mature market, one must suffer for the other to succeed. This is what is wrong with the USPS and with govt healthcare – for the govt to do well, FedEx/UPS and private insurers must lose market share.
THIS IS WRONG!
Get the hell out of our way, and we will fix the economy! After all, we ARE the economy! WE BUILD the economy! WE ARE THE MAKERS!
Report Post »TomFerrari
Posted on June 25, 2011 at 10:25amThe TAKERS are telling the makers how to MAKE!
We don’t let our kids tell us how to earn money or how to invest it.
We support THEM!
WE decide how to earn a living.
WE decide how much to GIVE to them.
Our dependents shouldn’t be in a position to “ALLOW” us to keep some of our own money!
We should always determine how much THEY get for an allowance.
Instead, they decide how many new ipads, new xbox’es and iTunes they want to buy, then they TAKE it!
We need a Constitutionally constrained government!
We need campaign finance reform.
We need to eliminate PACs.
We need term limits.
WE NEED HONEST MEN AND WOMEN!
Report Post »HogansHero
Posted on June 25, 2011 at 3:45pmPromise to save economy, then spend trillions. Complain about excess of debt, then raise taxes. Promise to save economy, then spend trillions. Complain about excess of debt, then raise taxes. It sounds like two conflicting arguments, but how do these same arguments come from the same individuals. Two many fires to fight from too many fronts. We to make some changes in our government quickly.
Report Post »jeffyfreezone
Posted on June 25, 2011 at 7:55pmThis guy is a clueless little putz! I long for a govt run by small govt fiscal conservatives, and the heads of the Fed and Treasury, how about Laffer and Stephen Moore… This administration and all their little sycophants are just not cut out for jobs that require common sense AND intelligence, they posses neither.
Report Post »BoiseBaked
Posted on June 26, 2011 at 12:48amWow, how pathetic is he… How the H##@ did he get to the position he’s in… It probably fair game to cheat on your taxes as well. This guy doesn’t have a leg to stand on… He’s got to be big dope smoker….
Report Post »the hawk
Posted on June 26, 2011 at 2:18amI gOT AN IDEA HOW ABOUT A FAIR TAX wow that was easy!saved 100k in student loans!
Report Post »Flat tax even pay all taxes at the register! NO TAXING FOOD !
wildbill_b
Posted on June 26, 2011 at 6:28pmTo the people who say %50 don’t pay taxes and the people who say “Flat tax is fair clearly have minimal grasp on how this country works. EVERY American Citizen pays his “share” by consumption.
ONLY “unearned income” is subject to the “income tax” and very few American Citizens have any. It is the utter benighted ignorance of the People that allow this patently absurd claim to stand.
http://www.lojack12.com/Constitution/consumption_taxes.html More subjects are addressed at http://www.lojack12.com/Constitution. Peace.
Report Post »mikem1969
Posted on June 26, 2011 at 8:14pmOk, so now they want to tax small businesses so they can be forced to shut down and fire more employees. The liberal progressive disease in this country needs to be exterminated.
Report Post »Counter-Culture Revolutionist
Posted on June 27, 2011 at 8:58amIf the government truly wants to be fair, they should tax those of us who are on the lower income levels who pay virtually no taxes whatever for the services and benefits we receive. In fact, we receive money at the end of the year while others are taxed even more. We should mutually bear the burden. And we should eliminate benefits to non citizens. There isn’t another country in the world that pays for the healthcare, education, housing, food, etc. of non citizens—legal or illegal. My husband, who hasn’t been able to get a permanent job in more than three years, as well as other unemployed citizens, can’t even qualify for comparable assistance. Is that fair, Mr. Geithner?
Report Post »YEAHYOURIGHT
Posted on June 27, 2011 at 10:57amOh it’s fair, all right. In their world, there should not be any small businesses. Just the big businesses and unions that they control. Anyone who doesn’t play the game gets sued or regulated into submission (Delta, Boeing). They know exactly what they are doing. It’s disgusting.
Report Post »DrFrost
Posted on June 27, 2011 at 11:44amHow is it that their idea of “fair” and my idea of “fair” never seem to coincide?
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