Small Business to Shoulder over a Third of Tax Increase on Top Earners

And here is more proof that President Obama's so called "tax cuts" for the middle class will hurt small business. This would be the small Mom & Pop type business that built this country. These so called cuts will kill the small to medium size companies that in the aggregate employ millions of Americans across the country.

From Tax Foundation --

Advocates of allowing the top two federal income tax rates to expire claim that only 2 or 3 percent of businesses would be affected, but a new Tax Foundation report shows that more than one-third of the revenue from an increase in the top two rates would come from business income.

About 39 percent of the $630 billion tax increase on high-income taxpayers (defined by President Obama as individuals earning more than $200,000 and married couples earning more than $250,000) in 2011 would come from business income. This amounts to an extra $246 billion in taxes on business income over 10 years.

"The fact that 'only' 2 or 3 percent of taxpayers with business income would face higher taxes is meaningless to the debate," said Tax Foundation President Scott Hodge, who authored the paper. "What matters most is not the number of taxpayers impacted, but the amount of business income - and, therefore, business activity - impacted."

Tax Foundation Special Report, No. 185, "Over One-Third of New Tax Increases to Come from Business Income," is available online at http://www.taxfoundation.org/publications/show/26696.html.

More than 74 percent of tax filers in the highest tax bracket report some business income, compared to 20 percent of those at the lowest bracket.

Of the roughly $864 billion in taxable business income reported on individual income tax returns in 2008, nearly 68 percent was claimed by taxpayers earning more than $200,000, and 35 percent was claimed by taxpayers earning over $ 1 million.

"This means that the combined business income of every taxpayer earning up to $200,000 was still less than the total business income of taxpayers earning more than $1 million," Hodge said.

More business income is taxed under the individual income tax code as "pass-through" businesses (non-corporate firms such as sole proprietors, S-corporations, Limited Liability Corporations and partnerships) than is taxed under the traditional corporate income tax code. The number of pass-through businesses nearly tripled between 1980 and 2007, from roughly 10.9 million to more than 30 million. The number of traditional C-corporations declined steadily from 2.2 million in 1980 to 1.9 million in 2007.

In the same time period, net receipts for C-corps roughly doubled, from $752 billion to $1.4 trillion, and net receipts from pass-through entities saw a six-fold increase, from $315 billion to more than $1.8 trillion.

The Tax Foundation is a nonpartisan, nonprofit organization that has monitored fiscal policy at the federal, state and local levels since 1937.

Dick Morris; 2010 St. Louis 9/12 Tea Party (Video)

Part 1

Part 2

Image Impact

Houston, Texas Tea Party
Felicia Winfree Cravens

There's a lot of press chasing the latest doings of the administration, and the vocal opposition to its agenda. You can't turn on the news without seeing a story about the health care debate, or the economy, or Cap and Trade. The debate is a good thing, and people who never cared about such issues before have suddenly found themselves chest-deep in the intricacies of legislation, discussing the Constitution. That renewed interest can never be bad for our republic.

What concerns me is the image portrayed by our opposition.

First, let's think about the goal here. Is the highest goal to keep a given piece of legislation from being passed? If so, then how do we make that happen? The obvious answer is to amass enough public opposition to render it politically impossible for Congress to pass it. This is why the town hall meetings have been so compelling; people are attending these events in unprecedented numbers to make their opinion known, especially on the health care legislation.

Is it having an effect? A little bit. It might result in a watered-down version of what's currently on offer being passed. But make no mistake, unless there's a radical change in the typical congressvarmint's point of view, this bill, in some form, WILL PASS.

So how do you change the view of Congress? My opinion is that you do it by reaching some of their base who do not currently agree with you. That takes many forms, but a good example is Tracy Miller's attempt to explain the health care legislation at an aborted Sheila Jackson Lee town hall. Sheila moved her town hall, and Tracy ended up at the original location. There she met several people who were supporters of the congresswoman, but who didn't know much about what was in the bill. She spent time that evening talking to those people and giving them facts and excerpts from the bill, and found common ground with them. She gave them something that was in short supply from Sheila Jackson Lee - information. That's a valuable outreach effort.

Would Tracy have had that opportunity to reach these SJL supporters had she charged in with her Obama Joker poster held high? I really don't think so. Would they have been receptive to anything she had to say? Probably not. Tracy knows this, and acted accordingly.

We should all take a page from her book, and learn something about image.

When Houston Tea Party Society hosted tea parties, we did our best to encourage people to focus on Congress as their targets. Putting the focus on the newly-elected, highly popular, still-honeymooning president would only serve to make those supporters dig in their heels and root their support even deeper. Congress was (and is) a much smarter target choice, and as Tracy found in an early SJL town hall, rich with material - as when SJL pretended to listen to Tracy's question and talked on her cell phone at the same time. That video landed the congresswoman, and Tracy, on the Fox News Channel.

The point here is that without the distraction of an altered Obama photo, without the distraction of a Sheila Jackson Lee voodoo doll, the story became Sheila Jackson Lee's behavior. Add those distracting elements into the picture, and the media would be reporting on the poster, on the doll. Is that the story we want to tell? Is that the goal; to get a chuckle out of people who agree with us? Or is the larger goal to prevail, to sway more people on the fence to agree with us, to amass the numbers we need to force Congress to abandon their socialist plans?

You can go for the cheap laugh, or you can go for the win. It's up to you. But if you go for the laugh, don't be surprised if we aren't all laughing along. Some of us would like to keep the focus on the issues.

The Reason we were attacked on 9/11...

U.S. Senate Candidate Lee Fisher Disrespects 9/11

From a guy that supports the DREAM Act and amnesty for illegal immigrants, should we expect anything less from a guy like Lee Fisher...

From Politico -- (emphasis added)

POLITICO reports today about the fading taboo of Sept. 11 politics: Marginal groups are holding dueling mosque rallies in New York that day, while across the country politicians tiptoe back toward having certain, relatively low-key political events that day.

The story doesn't make mention of any candidate fundraisers, but Ohio Senate candidate Lee Fisher is crossing that line as well, with a campaign fundraiser that evening at the home of a Mansfield City councilwoman, Ellen Haring.

Asked about the timing, a Fisher aide noted that earlier that day, the Democrat is attending a first-responder dedication ceremony in Hilliard, Ohio.

Fisher is, as far as I know, the only federal candidate in the country holding a fundraiser that day.

Ohioans acknowledge Governor Strickland's FAILURE on School Funding Fix

In his own words....

From Third Base Politics --

Remember this quote from Ted Strickland way back in 2006?

"Let me tell ...you this: I am so committed to solving this school-funding issue that if I become governor, and I do a lot of wonderful things but I fail to address this school-funding issue, I will have been a failed governor," Strickland said."

Interestingly enough, respondents to this weekend's Dispatch poll were asked about this very issue:

So 94% of Ohioans are now susceptible to Strickland's own qualification of defining him as a failed Governor.

Tea Party Patriots Host 9/12 St. Louis Rally to “Recycle Government” at Arch

FOR IMMEDIATE RELEASE

Tea Party Patriots Host 9/12 St. Louis Rally to

“Recycle Government” at Arch

One of Three Major 9/12 Events Across the Country

(ST LOUIS, MO) August 25, 2010 Thousands of Tea Party Patriots from across the Midwest are expected to converge in St. Louis on September 12, 2010 to rally in support of restoring founding U.S. principles, in protest at the size and scope of government, and in support of current efforts to repeal legislation that they believe has been forced upon them and will not deliver on its promises.

The rally will be held under the Gateway Arch with speakers and music on the Riverfront Stage. Music will begin at noon; speakers to begin at 1 p.m. The event is free and open to the public. KFTK 97.1 FM Talk serves as the official radio sponsor.

“Our theme this year is ‘Recycle Government’ – to repeal ObamaCare, reduce government spending, and restore the principles of fiscal responsibility, limited government, and free markets that make this nation great and free,” says Jenny Beth Martin, co-founder and national coordinator for Tea Party Patriots, the largest network of voluntarily affiliated tea party and 9/12 groups in the country.

One of those groups, the St. Louis Tea Party, is a co-sponsor of the event. “We’re thrilled to welcome tea partiers from across the nation to St. Louis, the very heartland of America. St. Louis supports the Tea Party Patriots and looks forward to welcoming grassroots groups from all over to the event,” says Dana Loesch. Loesch and Bill Hennessy are founders of the St. Louis Tea Party.

The “9/12” rally, as its come to be known, first took place on 9/12/2009. More than 850,000 people converged on Washington, D.C. to protest out of control government spending, the erosion of personal liberties, and the bailouts of troubled industries. This year, the “9/12” rally will be held in St. Louis and Sacramento, CA in addition to Washington, D.C.

St. Louis participants will hear music from country music legend Sammy Kershaw; former American Idol contestant Krista Branch; Neil E. Boyd, winner of America’s Got Talent and St. Louis diva Kim Massie. Speakers will include US Congressional Representative Steve King, radio and Internet personalities, and grassroots organizers from Illinois, Indiana, Tennessee, Ohio, Maine, Georgia, and Washington.

For more information about the 9/12 St. Louis “Gateway to November” event go to recyclegovernment.org/stlouis

Tea Party Patriots, Inc. operates as a social welfare organization organized under section 501(c)(4) of the Internal Revenue Code. Contributions to Tea Party Patriots, Inc. are not deductible as charitable contributions for income tax purposes.

Tea Party Patriots, Inc. ("TPP") is a non-partisan, non-profit social welfare organization dedicated to furthering the common good and general welfare of the people of the United States. TPP furthers this goal by educating the public and promoting the principles of fiscal responsibility, constitutionally limited government and free markets. Tea Party Patriots has not endorsed candidates for public office.

Tea Party Patriots.org “Ordinary Citizens Restoring America’s Founding Principles”

Contact:
Scott Boston
Tea Party Patriots, National Education Coordinator
9/12 St. Louis Event Coordinator
scottsboston@gmail.com
419-819-7590