Thursday, July 09, 2020
Hawai'i Free Press

Current Articles | Archives

Monday, August 23, 2010
Democrats Want to Slam Small Businesses with Massive Tax Hike: Where’s Hanabusa?
By News Release @ 12:50 PM :: 8148 Views :: Maui County, Education K-12, Energy, Environment, National News, Ethics

Big Taxes for Small Business: Where’s Hanabusa on Planned Tax Hike?

 

News Release from www. NRCC.org

Washington- In another attempt to distract from their record of runaway spending and economic failure, House Democrats have handed down new marching orders to Democratic candidate Colleen Hanabusa. Their latest strategy to gloss over their job-killing agenda is to instruct loyal followers like Hanabusa and her Washington friends to highlight the party’s so-called small business agenda. Likely missing from the latest directive, however, is any mention that Washington Democrats are pushing forward with a plan to slam small businesses with massive tax hikes that are certain to kill jobs, prevent businesses from hiring, and set the already-struggling economy back even more.

“Colleen Hanabusa can parrot her party’s talking points all they want, but the truth is that Washington Democrats have spent their time in Congress making it harder for small businesses to grow and create jobs for Hawaii workers,” said NRCC Communications Director Ken Spain. “The proof is in the results. The Democrats’ small business agenda’ has driven unemployment up to nearly ten percent and now she and her party leaders are ready to make the problem worse with a massive tax hike that small businesses simply cannot afford. With November’s elections right around the corner, the question is simple: Would Hanabusa back her party’s reckless agenda?

Democrat leaders in Washington are shifting their message once again as they attempt to salvage their prospects for November:

“House Democrats are planning a coordinated effort to highlight the party's small-business agenda this week, hoping to build momentum for stalled jobs legislation while hammering Republicans for obstructionism.

“As part of the push, Democratic incumbents and candidates are scheduling business-themed campaign events throughout the country. With an eye toward boosting its chances in November, the party also plans to release a report highlighting accomplishments by freshman and sophomore lawmakers - many of whom are among the most vulnerable this fall.” (Russell Berman, “House Democrats to Push Party Small-Business Agenda This Week,” The Hill, 8/23/10)

But a cornerstone of the Democrats’ small business agenda is a massive tax hike that will slam business owners who have already been set back by job-killing legislation forced onto them by Hanabusa's Washington friends:

“Port is among a dozen small-business owners around the country interviewed by Dow Jones Newswires who said the increase in personal tax rates could hurt their ability to make new investments or hire workers. Tax cuts enacted under President George W. Bush are slated to expire at the end of this year…Because most small firms are structured so that they pay individual rather than corporate income taxes, some would be caught by an increase in personal tax rates.” (Martin Vaughan and Corey Boles, “Small Businesses Fear Hit from Rise in Tax Rates,” Wall Street Journal, 8/23/10)

While Democrats attempt to brush aside the impact of these tax hikes, the simple truth is that they will hammer the small businesses that would drive economic recovery:

“Republicans point to data from the same [Joint Committee on Taxation] study showing that half of the $1 trillion in income projected to be earned by pass-through entities such as partnerships and S corporations in 2011 would be taxed at the higher rates.” (Martin Vaughan and Corey Boles, “Small Businesses Fear Hit from Rise in Tax Rates,” Wall Street Journal, 8/23/10)

With small businesses already suffering, what will it take for Colleen Hanabusa's Democrat friends to finally back off their latest job-killing plan and get out of the way of economic recovery?

###

Democrats Want to Slam Small Businesses with Massive Tax Hike

Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

808 Silent Majority

808 State Update AM940

ABCDEFG Blog

ACA Signups Hawaii

ACCE

ALEC

Alliance Defending Freedom

Aloha Life Advocates

Aloha Pregnancy Care Center

American Council of Trustees and Alumni

American Mothers of Hawaii

AMVETS-Hawaii

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Astronomy Hawaii

Audit The Rail

Ballotpedia Hawaii

Better Hawaii 

Blaisdell Memorial Project

Broken Trust 

Build More Hawaiian Homes Working Group

CAFR Hawaii

Castaway Conservative

Children's Alliance Hawaii

Children's Rights Institute

ChinaTownWatch.com

Christian Homeschoolers of Hawaii

Citizens for Recall

Cliff Slater's Second Opinion

Coffee Break

CSIS Pacific Forum

DAR Hawaii

DeedySupport.com

DVids Hawaii

E Hana Kakou Kelii Akina

E Māua Ola i Moku o Keawe

Farmers For Choice Hawaii

FIRE

Fix Oahu!

Follow the Money Hawaii

Frank in Hawaii

Front Page Magazine

Frontline: The Fixers

Genetic Literacy Project

Get Off Your Butts!

God, Freedom, America

Grassroot Institute

Habele.org

Hawaii Aganst Assisted Suicide

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii Coalition Against Legalized Gambling

Hawaii ConCon Info

Hawaii Credit Union Watch

Hawaii Crime Victims' Rights

Hawaii Crop Improvement Association

Hawaii Debt Clock

Hawaii Defending Marriage

Hawaii Defense Foundation

Hawaii Family Advocates

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federalist Society

Hawaii Federation of Republican Women

Hawaii Firearm Community

Hawaii Fishermen's Alliance

Hawaii Future Project

Hawaii Gathering of Eagles

Hawaii History Blog

Hawaii Homeschool Association

Hawaii Jihadi Trial

Hawaii March for Life

Hawaii Meth Project

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Right to Life -- Big Island

Hawaii Right to Life -- Oahu

Hawaii Shield Law Coalition

Hawaii Shippers Council

Hawaii Smokers Alliance

Hawaii State Data Lab

Hawaii Together

Heritage Foundation

HI Coalition Against Legalized Gambling

HIEC.Coop 

HiFiCo

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Homeless Crisis

Honolulu Navy League

Honolulu Traffic

Horns of Jericho Blog

House Minority Blog

House Republican Caucus YouTube

HPACC

Hump Day Report

I Vote Hawaii

If Hawaii News

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

Investigative Project on Terrorism

Iowa Meets Maui

Jackson v Abercrombie

Jihad Watch

July 4 in Hawaii

Kahle v New Hope

Kakaako Cares

Kau TEA Party

Kauai Co GOP

Keep Hawaii's Heroes

KeyWiki

Land and Power in Hawaii

Legislative Committee Analysis Tool

Lessons in Firearm Education

Lingle Years

Malulani Foundation

Managed Care Matters -- Hawaii

Malama Pregnancy Center of Maui

Mauna Kea Recreational Users Group

MentalIllnessPolicy.org

Middle East Forum--The Legal Project

Mililani Conservatives for Change

Military Home Educators' Network Oahu

Missile Defense Advocacy

MIS Veterans Hawaii

Muslim Brotherhood in America

NAMI Hawaii

NARTH

Natatorium.org

National Christian Foundation Hawaii

National Parents Org Hawaii

National Wind Watch

New Hawaiian

New Zeal

NFIB Hawaii News

No GMO Means No Aloha

Northwest Economic Policy Seminar

Not Dead Yet, Hawaii

Now What I Really Think

NRA-ILA Hawaii

Oahu Alternative Transport

ObamaCare Abortion Hawaii

Obookiah

OHA Lies

Opt Out Today

OurFutureHawaii.com

Pacific Aviation Museum

Patients Rights Council Hawaii

PEACE Hawaii

People vs Machine

Pritchett Cartoons 

Pro-GMO Hawaii

P.U.E.O.

RailRipoff.com

Rental by Owner Awareness Assn

Republican Party -- Hawaii State

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

Robotics Organizing Committee

Save Dillingham Airfield

School Choice in Hawaii

SenatorFong.com

SIFE Remington

SIFE W. Oahu 

Sink the Jones Act

Smart About Marijuana--Hawaii

St Marianne Cope

State Budget Solutions Hawaii

State Policy Network

Statehood for Guam

Tax Foundation of Hawaii

The Harriet Tubman Agenda

The Long War Journal

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

Truth About Trade & Technology - Hawaii

UCC Truths

Union Members Know Your Rights

US Tax Foundation Hawaii Info

Valor in the Pacific

VAREP Honolulu

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii

Yes2TMT