Clueless Obama Jobs Speech Once Again Misses the mark
the staff of the Ridgewood blog
Clueless Obama jobs speech once again misses the mark on Jobs and shows a continued complete lack of understanding how the free market economy works.
The President once again pushed for a top Tax Rate of 28% for Corporations, and a 40% rate for Small Business?
The New York Times reports that President Obama is reviving an old proposal to lower the corporate tax rate from 35 percent to 28 percent (and 25 percent for manufacturers). Obama’s push to lower the corporate tax rate to 28 percent comes less than a year after he raised the top individual income tax rate, paid by many small businesses, to 39.6 percent.
The President stuck to the generic “close the loops debate ” and failed to explain in detail which loopholes would be closed.or why?
Could someone please tell the president that small business generates most the jobs in the US and the continued attacks on small business are shutting down one of the main drivers of the economy .