Own a Business, Your Tax is Up
May 17, 2008
http://www.glennbeck.com/content/articles/article/198/10113/
Congress passed a tax, a higher income tax on anybody who makes over $500,000 a year. Now, you might say, “Oh, well, those people who make $500,000 a year and above, geez, what doesn’t ” the ones that that hits are usually the owners of S corporations. S corporations are small businesses. Small businesses are now having a higher income tax as promoted and passed by Nancy Pelosi and congress yesterday. Why did congress pass on this additional income tax? So they could extend unemployment benefits, even though the unemployment rate is still at 5%. Oh, they also, they also put the first, their first piece into a new GI bill. Just the first piece will cost $58 billion. The first piece. You know who turned on this? Blue dog Democrats. But in the end the blue dog Democrats said, “Oh, wait a minute, okay. So you will give a tax increase? Okay.” This is their first sign that, yes, they will go ahead and they will put these new programs in as long as we can pay for them with taxes. And nobody’s going to notice that small little income tax raise on small businesses. No, you’re right. You’re right. You’re right. Nobody’s going to notice it, until the unemployment goes up in the country because small businesses can’t control the price of their products, they can’t control the cost of doing business anymore.
On Why no Border Fense? Environmentalism!
Why is it that Secretary Chertoff can’t build the fence on the border? You know why? Because there are too many environmental laws that he can’t get around. So congress had to suspend its own laws so we could build a border fence. They gave more power to Secretary Chertoff, an individual, than any other time in our nation’s history. No individual in our nation’s history has had more power conferred onto him than Secretary Chertoff. That happened when they had to suspend they gave him the right to disregard all of the laws that congress had built to protect the environment because Chertoff went before them and said, “I’ll never get this done.” Yet, they expect us to be able to do business under the same laws congress can’t.
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