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Pelosi Intends To Raise Taxes On Small Business

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Wrong on all 3 counts. It does not raise the deficit.... spending does that. It would create jobs.... and it doesn't affect just the wealthy, as it is the "wealthy" that help create jobs and help the middle class.

Please ... please... please ... understand that tax revenue is only created when money moves through the economy. The rich will always have their money and if you raise taxes, they don't spend it, they don't invest in capital or new business and they don't hire people. Revenue to the government is down just on the anticipation of raising taxes. Repealing the tax cuts will stifle this economy and bring money movement to a complete stand still.

Lower tax rates raise revenue to the government because people are not so negatively impacted by moving their money and each movement of money creates a new taxable event. That is why 10% capital gains rates raise more revenue than a 40% tax rate on capital gains.

Quit demagoguing the rich and look at the math and the impact tax rates have on behavior. We have a government who believes that if you raise taxes on cigarettes $1 per pack and last year 100,000 packs were sold then next year you will have a $100,000 in new tax revenue. That is not true because tax changes impact personal behavior and maybe only $80,000 in revenue is collected next year. The bad thing is that they budget based on $100,000 in revenue and thus, they are surprised by that and that is one of many reasons we end up with a deficit.



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    Speaker Nancy Pelosi Acknowledges She Intends To Raise Taxes On Small Business Job Creators
    Speaker Nancy Pelosi Acknowledges She Intends To Raise Taxes On Small Business Job Creators
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