Those voices don't speak for the rest of us

[idlewind]

My LLC doesn't use my SS#. I have an EIN. If I spend more than $600 with you this year my accountant will send it to you. Like I said, it's so not a big deal.

Whether this is a big deal or not remains to be seen if it is not revised/repealed. However, I think is is systematic of a general anti-business climate that exists in the congressional leadership and the administration. When they get serious about creating jobs they will take care to not increase the burden on business and will begin to try and lessen that burden.

 

[ugabuga]

Since I started the thread, let me say I have no problem with the direction the thread has taken. I start threads to provoke comment and debate and hopefully learn something. This thread has succeeded. Only those individuals who are closed minded or strict partisans discourage debate or think they are above learning something. I am conservative/libertarian to the core but I am not partisan and love questions and debate.

I come down firmly on both sides of the fence:

(1) Keep on Topic!
(2) Debate is good--even if it gets off topic.

Does that make me a flip-flopper?

 

[ugabuga]

However, I think is is systematic of a general anti-business climate that exists in the congressional leadership and the administration.

Wow! My impression is just the opposite. I truly think both major parties are very pro-business--even if one is somewhat more pro-business than the other.

In fact, I think the party that is more pro-business does itself a disservice by being too pro-business.
If all power is concentrated in business & none in labor/consumers, the business community will kill the goose that lays the golden eggs.

Both parties should seek a healthy balance in power between business & labor/consumers.

 

[30ashopper]

My LLC doesn't use my SS#. I have an EIN. If I spend more than $600 with you this year my accountant will send it to you. Like I said, it's so not a big deal.

Well you sort of avoided the point I was trying to make. But that's ok. I guess it comes down to personal views on government intrusiveness. I don't trust government, and I don't like them looking over my shoulder into everything I do. Any time additional accounting overhead is forced upon me by government, I get bent out of shape. Equally, I also don't usually trust people with my personal information. You obviously aren't as sensitive to such things.

Again, my hope is this will get repealed. Sounds like that's the direction things are headed after November.

 

[idlewind]

Wow! My impression is just the opposite. I truly think both major parties are very pro-business--even if one is somewhat more pro-business than the other.

In fact, I think the party that is more pro-business does itself a disservice by being too pro-business.
If all power is concentrated in business & none in labor/consumers, the business community will kill the goose that lays the golden eggs.

Both parties should seek a healthy balance in power between business & labor/consumers.

I think you are half right. Both parties are pro BIG business but neither really give a damn about small business which drives our economy. That is why the job market has not rebounded and why the economy stinks. Things will not change until someone get control in washington who understands being pro SMALL business.

 

[ugabuga]

I think you are half right. Both parties are pro BIG business but neither really give a damn about small business which drives our economy. That is why the job market has not rebounded and why the economy stinks. Things will not change until someone get control in washington who understands being pro SMALL business.

House Republicans Defeat Tax Relief for Small Businesses ? Continue to Protect Tax Breaks for Companies that Ship Jobs Overseas

July 30, 2010

By Matthew Beck 202-225-8933

Washington, DC ? Republicans in the House of Representatives today defeated legislation that would have provided nearly $20 billion in tax relief to small businesses and closed loopholes that encourage companies to ship jobs overseas. The measure, H.R. 5982, would have eliminated an information reporting requirement for businesses that the independent Taxpayer Advocate recently indicated could pose potential ?administrative challenges to taxpayers and the Internal Revenue Service (IRS).?

The reporting requirement is not currently in place, it is scheduled to take effect in 2012. Eliminating the reporting requirement would remove this potential burden from small businesses permanently.

?Republicans had a choice ? stand up for small businesses and provide this tax relief, or continue to protect loopholes for companies that ship jobs overseas,? said Ways and Means Chairman Sander M. Levin (D-MI). ?By defeating this bill, Republicans made clear that they care more about some companies that ship jobs overseas than small businesses that face a potential burden by this reporting requirement. Despite all of their rhetoric about the need to eliminate this reporting requirement, Republicans walked away from small businesses when it mattered most.?

The Small Business Tax Relief Act received the support of the National Federation of Independent Business (NFIB).

 

[futurebeachbum]

I think you are half right. Both parties are pro BIG business but neither really give a damn about small business which drives our economy. That is why the job market has not rebounded and why the economy stinks. Things will not change until someone get control in washington who understands being pro SMALL business.

This all goes back to money and the political party doesn't much matter.

Big business can afford to make sizable investments and buy fractional ownership interests in the Congress and the Administration, and they have.

Rule changes like this 1099 one have very little impact on a large corp with a purchasing organization, master contracts and p-cards but really come down hard on small business. No one cares though, since it won't interrupt the cash flow to the politicians. The Bush WhiteHouse floated this same 1099 idea several years ago for the same reasons...It wouldn't seriously impact their big business investors.

Nowadays its pretty obvious that anyone holding a Federal office is fully owned long before they achieve office.

 

[30ashopper]

House Republicans Defeat Tax Relief for Small Businesses ? Continue to Protect Tax Breaks for Companies that Ship Jobs Overseas

July 30, 2010

By Matthew Beck 202-225-8933

Washington, DC ? Republicans in the House of Representatives today defeated legislation that would have provided nearly $20 billion in tax relief to small businesses and closed loopholes that encourage companies to ship jobs overseas. The measure, H.R. 5982, would have eliminated an information reporting requirement for businesses that the independent Taxpayer Advocate recently indicated could pose potential ?administrative challenges to taxpayers and the Internal Revenue Service (IRS).?

The reporting requirement is not currently in place, it is scheduled to take effect in 2012. Eliminating the reporting requirement would remove this potential burden from small businesses permanently.

?Republicans had a choice ? stand up for small businesses and provide this tax relief, or continue to protect loopholes for companies that ship jobs overseas,? said Ways and Means Chairman Sander M. Levin (D-MI). ?By defeating this bill, Republicans made clear that they care more about some companies that ship jobs overseas than small businesses that face a potential burden by this reporting requirement. Despite all of their rhetoric about the need to eliminate this reporting requirement, Republicans walked away from small businesses when it mattered most.?

The Small Business Tax Relief Act received the support of the National Federation of Independent Business (NFIB).

Dig a little deaper, and you'll find mud on your party's hands. Dems pulled the original bill, and wrote their own that wrapped the 1099 thing up in a ten billion or so in business tax increases.

This was a pure political play by the dems. They really don't give a crap about small businesses, it's all about political wins. If they really felt the 1099 requirement was wrong, they would have brought the original, simplified bill to the floor.

I really am looking forward to November.

 

[idlewind]

House Republicans Defeat Tax Relief for Small Businesses ? Continue to Protect Tax Breaks for Companies that Ship Jobs Overseas

July 30, 2010

By Matthew Beck 202-225-8933

Washington, DC ? Republicans in the House of Representatives today defeated legislation that would have provided nearly $20 billion in tax relief to small businesses and closed loopholes that encourage companies to ship jobs overseas. The measure, H.R. 5982, would have eliminated an information reporting requirement for businesses that the independent Taxpayer Advocate recently indicated could pose potential ?administrative challenges to taxpayers and the Internal Revenue Service (IRS).?

The reporting requirement is not currently in place, it is scheduled to take effect in 2012. Eliminating the reporting requirement would remove this potential burden from small businesses permanently.

?Republicans had a choice ? stand up for small businesses and provide this tax relief, or continue to protect loopholes for companies that ship jobs overseas,? said Ways and Means Chairman Sander M. Levin (D-MI). ?By defeating this bill, Republicans made clear that they care more about some companies that ship jobs overseas than small businesses that face a potential burden by this reporting requirement. Despite all of their rhetoric about the need to eliminate this reporting requirement, Republicans walked away from small businesses when it mattered most.?

The Small Business Tax Relief Act received the support of the National Federation of Independent Business (NFIB).

I really have no idea why the Republicans did not support this measure. It would have fixed the 600 dollar reporting requirement.

 

[GoodWitch58]

So are you guys who are so adversely affected by this element of the bill supporting your Small Business Associations to lobby the members of Congress to repeal it?

The ones with the most money often win--but just as often, they win because they are there...when a group of people band together for a common cause, elected members pay attention. And, often, they will pay more attention if the case is made that it's a David and Goliath situation.

If affected people do not participate in the process, then, their voices are not heard. So, if it causes you a problem, band together and make the changes you want to see.

"Never doubt that a small group of thoughtful, committed citizens can change the world. Indeed, it is the only thing that ever has. Margaret Mead