Factually factual facts in a factual manner, factually

.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
I somewhat hesitate to link to the following commentary for reasons I shall not enumerate. But I am gonna link to it so I can explain why he’s wrong.

http://www.thedailybeast.com/blogs-and-stories/2011-06-15/corporate-tax-cuts-wont-work/http://www.thedailybeast.com/blogs-and-stories/2011-06-15/corporate-tax-cuts-wont-work/

A clue to the problem. See it?

There is a lot in the column which is right, but a basic premise he has is flawed.

Telling quote: Leaving aside the fact that a number of corporations do not pay anywhere near the current prevailing marginal rate (hello, GE), supporters of corporate tax cuts have to explain how further cuts in their marginal rates will help the economy, given that prevailing historically high profit margins and high profit rates already in place have done little to reduce unemployment.

See the problem?

I suspect not. See toon above.

But the issue is in two words - "hello, GE.'

See it yet?

Small business is where the jobs are.

M'kay, then lemme slap this on you: 85 percent of the jobs in the United States come from small businesses. A small business employs 25 or fewer people.

From my Chamber of Commerce president and our Economic Development Director Shelley Zorn, that 85 percent from small business is "whether it’s new jobs or jobs when hiring or jobs that are maintained."

In other words, of 100 people employed, 85 are employed by small business. Not GE. Not Boeing.

Your neighbors. Folks who don't wear Armani suits to work. People who are right there on the line with their employees, not kicking back in some high rise business office.

Small business is ordinary people trying to get a little bit ahead by working for themselves and hoping employing a few other folks at the same time.

Do you know how much small businesses pay in taxes?

Cut taxes and I'll take a candy bar as well.

Unless you have run a small business with a few employees or have intimate knowledge of the finances of a small business you don't know.

I know. The amount of taxes which has to be paid is staggering to me. May not be to you, but having been responsible for the bottom line and been responsible for signing off on those taxes, I can tell you the amount paid into the government floored me.

These small businesses are corporations. They need a break.

Yeah, corporate tax breaks are gonna benefit the giant companies, but the tax breaks are gonna benefit the little guys a LOT more. The little guys don't have access to foreign banks to store capital to avoid US taxes, don't have a fleet of CPAs to argue the Infernal Revenue Service to a standstill and don't have the resources to find and exploit the tax loopholes the giant companies do.

G'head. Say corporations don't need a tax break. But what you are doing is telling 85 percent of the businesses in the nation that you don't care about them and the 85 percent of the workforce they employ. By saying no to tax breaks for these little guys, 85 percent of the workforce, you are saying you don't want the boss to give the employees a raise, invest more in the business and bank some for retirement for himself and his employees.

Bitch about tax breaks for corporations all you want. But make sure you get all the facts about corporations, taxes and employment numbers before you start.