Speaking from the floor of the United States Senate yesterday, Majority Leader Harry Reid resorted to an outright lie to sell his plan to increase tax rates on high income business owners and investors: Senate Republicans…oppose our plan [for] a tiny sur-tax on on a tiny fraction of America’s highet earners…Republicans call our plan a [...]

President Obama and the Democrats, who claim creating jobs is their highest priority, should consider the data in this chart, from the August jobs report. For decades federal and state governments have continuously added to the costs and bureaucratic complexity that drag on the entrepreneur.  In its first two years the Obama Administration has initiated [...]

The Labor Department published new small business statistics last week. Due to waves of new regulation, Expensive new employer mandates in ObamaCare, and continuous threats of tax increases on entrepreneurs and investors there are were fewer new businesses in 2010 than at any time since the government began counting them in 1993.  

Newly released IRS Regulations show the actual value of the ObamaCare Small Business Tax Credit does not measure up to the hype. Throughout the run-up to passage of ObamaCare in Congress, and in the re-selling campaign since passage, the President has continuously touted its “small business tax credit.”  Here’s a typical Obama quote from a [...]

Yesterday President Obama held a town hall, answering questions submitted over the Internet, and from people in the audience. One man in the audience asked: Today my question is, as a small-business owner, my company is still profitable.  We’re still growing, we’re still hiring.  The money that I make as a profit, I’m plowing right [...]

In a March 9 Wall Street Journal Guest Editorial,  Obama Economic Adviser Laura D’Andrea Tyson attempted to overcome growing opposition to ObamaNomics, with several deceptions.  This is the second in a series of posts exposing those deceptions.  Click on the ObamaNomics logo to see the first. President Bush’s tax cuts are scheduled to expire at [...]

Click the button for more ObamaNomics The income tax code requires profits from most small businesses to be reported as income on the personal tax returns of the business owners. “Small” is a misleading term in this context, because this one category of taxpayer ranges from part time endeavors with no employees, earning a few [...]

Barack Obama told Joe the Plumber he planned to hit high income earners and small business with tax increases in order to “spread the wealth.” How will Senator Obama’s scheme “spread the wealth?”   By creating or expanding eight government entitlement schemes, that he deceptively calls “tax cuts.”  Americans will qualify for the free cash benefits [...]