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Small Business Bill

Democrats are here to save you small business.  You didn’t realize they were on your side did you.  But don’t worry, they’ve got a new bill  with a bunch of goodies in it for you including the following.

In addition to the lending program, it would allow certain small businesses to apply tax credits to the previous five years, instead of the current one year, and let investors avoid capital gains taxes on certain small business stocks.The legislation also would increase the limits on a variety of Small Business Administration loans.

So basically they are going to give money to “certain small businesses” probably for engaging in certain behavior of which they approve.  We need to wake up to the reality of the 16th amendment.  They can use the tax code to control anything they want.  They are creating a world where only businesses they like will survive, just like they have done with the state governments.  I will leave you with a quote from Keynes.

Thus we might aim in practice (there being nothing in this which is unattainable)… at a scheme of direct taxation which allows the intelligence and determination and executive skill of the financier, the entrepreneur et hoc genus omne (who are certainly so fond of their craft that their labour could be obtained much cheaper than at present), to be harnessed to the service of the community on reasonable terms of reward.

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