Obama: Reduce Capital Gains Tax to Zero for Small Business

[redviper2GAMER]

Obama takes $40billion dollars from social security.. You work for GE or Daves bake shop they tax deduct your money calling Social Security Union Tax. Dave sets on Welfare and you work. Dave lauges while he calls you a scab. You paid nothing. A federal workers own child is a excuse for govt. to deposit large sums of money in social security to make it strong as McDonalds called it a loss on the W2 form. Where is the $40billion I guess Obama has got this in the bag. politics did not pay

[pizzafrenzyman]

Yet, you keep coming back for more. Why? You state:

"Maybe you should have watched the entire speech in which he talked about your concern rather than making an uninformed comment. "

I've given you ample opportunity to back up your comments with facts (a simple transcript or video would suffice). Until then, my comment remains:

"How about tax breaks for small businesses that hire people?"

The truth is that 4 months ago, Obama said nothing of the kind, and you can't prove it.

[kd5icr1967]

It will never happen. The dems wont have any of that.

[LoudCitizen]

Agreed 2.

[pizzafrenzyman]

How about tax breaks for small businesses that hire people? 'doh!

[capitalismforever]

@pizzafrenzyman

Maybe you should have watched the entire speech in which he talked about your concern rather than making an uninformed comment.

[pizzafrenzyman]

You're a real brain surgeon. I made that comment 4 months ago. It was relevent back then.

[capitalismforever]

@pizzafrenzyman

I'm talking in regards to this video. The day he gave this speech, he addressed your concern. You only watched 15 seconds of it in order to come to your conclusion. Your comment wasn't relevant 4 months ago. DOH!

[pizzafrenzyman]

OK hotshot, I call your bluff. Point me to the transcripts.

[capitalismforever]

@pizzafrenzyman What bluff is it you call? And...hotshot? Who the fck are you suppose to be? Use your fingers and search the fckin web for it yourself. I don't know if there is a transcript or full video of this conference available. I watched it live when it occurred. Do your own homework you lazy fck.

[pizzafrenzyman]

You lose the debate chief. If you're going insult me and say my facts are wrong, then you must prove it. Until then, you're just an wry opinion, unworthy of serious consideration. Toodles....

[capitalismforever]

@pizzafrenzyman No, I don't ever lose junior. A tornado happened 7 months ago in Arkansas. Just because you don't know about it doesn't negate the fact that it happened. Your use of logic is atrocious.

[pizzafrenzyman]

perhaps if you can't offer evidence proving my error, then we call shall this matter closed. I repeat: 4 months ago, Obama was NOT discussing tax incentives for small businesses who hire people.

[capitalismforever]

@pizzafrenzyman

I'm disinterested in continuing to argue with you about what you don't know.

[luisetb]

No fanof Obama, but this idea seems excellent to me.

Trust me I do not like about 90 % of his ideas but anything that means lower taxes is goood to me.

[whoo689]

Since when does the amount of patents businesses get have any bearing on whether or not they should pay tax?? That's the dumbest reasoning! And I'm pretty sure the 'patents' small business gets for its products are nowhere near as efficient or important to our society as the ones big business gives us with huge R&D departments. Come on, obama!

And why not make it 0% for ALL business? There he goes again with his anti-business bias.

[whoo689]

13 TIMES more patent per employee than big business?? Is that for real? Surely he must be exaggerating. Well obviously if there are more small businesses than big businesses (since big businesses have so much wealth already and there don't need to be as many), there'll be more patents, and I'm not so sure about that claim that small business overall empoyees more people than big business. I've heard it's bs.

[whoo689]

Do small businesses even pay that much in capital gains tax to start?? This sounds like he's just paying lip service to conservatives and libertarians who want lower taxes. And notice how he also said "startup businesses."

So lemme get this straight, if I start a business, it'll have no capital gains tax, but if I expand it and it becomes medium or big business, I'll pay tax?? What kind of crazy scheme is that? Welcome to Obamaland.

[capitalismforever]

@whoo689 A small business is any company who has less than 500 employees and has a net sales of less than $500,000 per year. That's a lot of tax that will be cut.

[capitalismforever]

@whoo689

Your bad grammar gives you away. Of course you don't know anything about it. You have the education of a high school dropout. You couldn't possibly know.

[jwoodswce]

Another example of how rolling back taxes and regulations IS NOT about creating incentives but removing the disincentives that government creates when it interferes in free trade between individuals.

[jp3711nc1]

Why don't I believe him. Cap and trade will not do this it will make things worse if it passes.

[smartguy66]

I'll believe it when I see it.

[uflnuceng]

Agreed

[AntiVenomFangX]

@smartguy66

youll ignore it when you see it.