What Tax Cuts Mean For Small Business

Spencer Angry Bear Blog September 10, 2010

This is from the Wall Street Journal.

The Obama administration has targeted small business with laser-like focus, pushing a $30 billion small-business lending fund in Congress and, later this week, rolling out a tax break allowing businesses to deduct 100% of qualified capital investments.

But the chief economist at the National Federation of Independent Businesses said today that small business doesn’t need more tax relief. Instead, he said, Washington should aim its firepower at consumers so they begin spending money and creating demand for the products and services small companies provide.

“If you give a small business guy $20,000 he’ll say, ‘I could buy a new delivery truck but I have nobody to deliver to,’” said William Dunkelberg, chief economist for NFIB.

Rather than aim more tax relief at business, Dunkelberg said Washington should extend the Bush-era tax cuts for everyone – including those making above $250,000.

“History shows that letting Washington have the money and spend it is very ineffective,” he said.

The administration’s latest idea, which would allow businesses to temporarily deduct 100% of “qualified” capital investments, can help “on the margin,” Dunkelberg said. With capital-spending by small business at a 35-year low, some firms will naturally take advantage of a temporary tax incentive to replace products. But Dunkelberg said he thinks most small businesses will hold on to their cash until more certain economic times

The best way to help, he said, is to “finally address the most important person in the economy – the consumer.”

Post a Comment

> HOME

Gongol Editorial policy Comment policy Logo by khawkinsgraphicdesign HOME var gaJsHost = (("https:" == document.location.protocol) ? "https://ssl." : "http://www."); document.write(unescape("%3Cscript src='" + gaJsHost + "google-analytics.com/ga.js' type='text/javascript'%3E%3C/script%3E")); try { var pageTracker = _gat._getTracker("UA-3524346-3"); pageTracker._trackPageview(); } catch(err) {} Financial Times News - AngryBear Loading... /* '); /* ]]> */ Click for Blogs we Recommend /* '); /* ]]> */ /* '); /* ]]> */ David Altig Atlantic-Mike Rorty The Aleph Blog Baseline Scenario Beat the Press The Big Picture Bonddad Brad DeLong Bubblemeter China's Financial Markets Congressional Budget Ofc blog Credit Writedowns Dani Rodrik Econbrowser Economist mom Economic Populist Felix Salmon-Reuters FT Alphaville Freakonomics Free Exchange (Economist) Global Economic Analysis Greg Mankiw Its the 21st Century knzn Laurent Guerby Lawrence Lux Marginal Revolution Maxine Udall MV=PQ New Deal 2.0 New Economic Perspectives Paul Krugman Real Clear Markets Real Times Economics (WSJ) Nouriel Roubini QFinance Tax Prof blog Tim Worstall Voluntaryxchange VOX Baby William Polley Zero Hedge /* '); /* ]]> */ Calculated Risk Loading... Economist's View Loading... naked capitalism Loading... EconoSpeak Loading... Followers if (!window.google || !google.friendconnect) { document.write('' + ''); } if (!window.registeredBloggerCallbacks) { window.registeredBloggerCallbacks = true; gadgets.rpc.register('requestReload', function() { document.location.reload(); }); gadgets.rpc.register('requestSignOut', function(siteId) { google.friendconnect.container.openSocialSiteId = siteId; google.friendconnect.requestSignOut(); }); } function registerGetBlogUrls() { gadgets.rpc.register('getBlogUrls', function() { var holder = {}; holder.currentPost = "http://www.blogger.com/feeds/5048766/posts/default/1957298228122130772"; holder.currentComments = "http://www.blogger.com/feeds/5048766/1957298228122130772/comments/default"; holder.currentPostUrl = ""; holder.currentPostId = 1957298228122130772 holder.postFeed = "http://www.blogger.com/feeds/5048766/posts/default"; holder.commentFeed = "http://www.blogger.com/feeds/5048766/comments/default"; holder.currentBlogUrl = "http://www.angrybearblog.com/"; holder.currentBlogId = "5048766"; return holder; }); } if (!window.registeredCommonBloggerCallbacks) { window.registeredCommonBloggerCallbacks = true; gadgets.rpc.register('resize_iframe', function(height) { var el = document.getElementById(this['f']); if (el) { el.style.height = height + 'px'; } }); gadgets.rpc.register('set_pref', function() {}); registerGetBlogUrls(); } var skin = {}; skin['FACE_SIZE'] = '32'; skin['HEIGHT'] = "260"; skin['TITLE'] = "Followers"; skin['BORDER_COLOR'] = "transparent"; skin['ENDCAP_BG_COLOR'] = "transparent"; skin['ENDCAP_TEXT_COLOR'] = "#000000"; skin['ENDCAP_LINK_COLOR'] = "#000000"; skin['ALTERNATE_BG_COLOR'] = "transparent"; skin['CONTENT_BG_COLOR'] = "transparent"; skin['CONTENT_LINK_COLOR'] = "#000000"; skin['CONTENT_TEXT_COLOR'] = "#000000"; skin['CONTENT_SECONDARY_LINK_COLOR'] = "#000000"; skin['CONTENT_SECONDARY_TEXT_COLOR'] = "#000000"; skin['CONTENT_HEADLINE_COLOR'] = "#000000"; skin['FONT_FACE'] = "Arial"; google.friendconnect.container.setParentUrl("/"); google.friendconnect.container["renderMembersGadget"]( {id: "div-1q6lwpwzkgymy", height: 260, site: "16681911799602431693", locale: 'en_US' }, skin); ; document.write(''); Design by: Daily Blog Tips | Sponsored by: System ManagementPassionDuo Green Blogger Template

icBeacon('angrybear'); var _gaq = _gaq || []; _gaq.push(['_setAccount', 'UA-16682085-1']); _gaq.push(['_trackPageview']); (function() { var ga = document.createElement('script'); ga.type = 'text/javascript'; ga.async = true; ga.src = ('https:' == document.location.protocol ? 'https://ssl' : 'http://www') + '.google-analytics.com/ga.js'; var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(ga, s); })(); if (window.jstiming) window.jstiming.load.tick('widgetJsBefore'); _WidgetManager._Init('http://www.blogger.com/rearrange?blogID=5048766','http://www.angrybearblog.com/2010/09/taxes-small-business.html','5048766'); _WidgetManager._SetPageActionUrl('http://www.blogger.com/display?blogID=5048766','1XKGkVKpswlgz0Ge_4zdkFt2yBc:1284067797776','AOuZoY7YmLMyvgdV4PW3DUNJS2JAlUVI6g:1284067797777'); _WidgetManager._SetDataContext([{'name': 'blog', 'data': {'title': 'Angry Bear', 'pageType': 'item', 'url': 'http://www.angrybearblog.com/2010/09/taxes-small-business.html', 'canonicalUrl': 'http://www.angrybearblog.com/2010/09/taxes-small-business.html', 'homepageUrl': 'http://www.angrybearblog.com/', 'enabledCommentProfileImages': true, 'searchLabel': '', 'searchQuery': '', 'pageName': 'Taxes \46 Small Business', 'pageTitle': 'Angry Bear: Taxes \46 Small Business', 'encoding': 'UTF-8', 'locale': 'en-US', 'isPrivate': false, 'isMobile': false, 'mobileClass': '', 'languageDirection': 'ltr', 'feedLinks': '\74link rel\75\42alternate\42 type\75\42application/atom+xml\42 title\75\42Angry Bear - Atom\42 href\75\42http://www.angrybearblog.com/feeds/posts/default\42 /\76\n\74link rel\75\42alternate\42 type\75\42application/rss+xml\42 title\75\42Angry Bear - RSS\42 href\75\42http://www.angrybearblog.com/feeds/posts/default?alt\75rss\42 /\76\n\74link rel\75\42service.post\42 type\75\42application/atom+xml\42 title\75\42Angry Bear - Atom\42 href\75\42http://www.blogger.com/feeds/5048766/posts/default\42 /\76\n\74link rel\75\42EditURI\42 type\75\42application/rsd+xml\42 title\75\42RSD\42 href\75\42http://www.blogger.com/rsd.g?blogID\0755048766\42 /\76\n\74link rel\75\42alternate\42 type\75\42application/atom+xml\42 title\75\42Angry Bear - Atom\42 href\75\42http://www.angrybearblog.com/feeds/1957298228122130772/comments/default\42 /\76\n', 'meTag': '', 'openIdOpTag': '', 'imageSrcTag': '', 'latencyHeadScript': '\74script type\75\42text/javascript\42\76(function() { var a\75window;function c(b){this.t\75{};this.tick\75function(d,i,e){e\75e?e:(new Date).getTime();this.t[d]\75[e,i]};this.tick(\42start\42,null,b)}var f\75new c;a.jstiming\75{Timer:c,load:f};try{var g\75null;if(a.chrome\46\46a.chrome.csi)g\75Math.floor(a.chrome.csi().pageT);if(g\75\75null)if(a.gtbExternal)g\75a.gtbExternal.pageT();if(g\75\75null)if(a.external)g\75a.external.pageT;if(g)a.jstiming.pt\75g}catch(h){};a.tickAboveFold\75function(b){b\75b;var d\0750;if(b.offsetParent){do d+\75b.offsetTop;while(b\75b.offsetParent)}b\75d;b\74\075750\46\46a.jstiming.load.tick(\42aft\42)};var j\75false;function k(){if(!j){j\75true;a.jstiming.load.tick(\42firstScrollTime\42)}}a.addEventListener?a.addEventListener(\42scroll\42,k,false):a.attachEvent(\42onscroll\42,k);\n })();\74/script\076'}}]); _WidgetManager._RegisterWidget('_FeedView', new _WidgetInfo('Feed5', 'sidebar123', null, document.getElementById('Feed5'), {'title': 'Financial Times News - AngryBear', 'showItemDate': false, 'showItemAuthor': false, 'feedUrl': 'http://ft.rss.infodesk.com/rss/rss_ftonline5_063677.xml', 'numItemsShow': 3, 'loadingMsg': 'Loading...', 'openLinksInNewWindow': true}, 'displayModeFull')); _WidgetManager._RegisterWidget('_HTMLView', new _WidgetInfo('HTML6', 'sidebar123', null, document.getElementById('HTML6'), {}, 'displayModeFull')); _WidgetManager._RegisterWidget('_FeedView', new _WidgetInfo('Feed1', 'sidebar123', null, document.getElementById('Feed1'), {'title': 'Calculated Risk', 'showItemDate': false, 'showItemAuthor': false, 'feedUrl': 'http://feeds.feedburner.com/calculatedrisk', 'numItemsShow': 3, 'loadingMsg': 'Loading...', 'openLinksInNewWindow': true}, 'displayModeFull')); _WidgetManager._RegisterWidget('_FeedView', new _WidgetInfo('Feed2', 'sidebar123', null, document.getElementById('Feed2'), {'title': 'Economist\47s View', 'showItemDate': false, 'showItemAuthor': false, 'feedUrl': 'http://feeds.feedburner.com/economistsview', 'numItemsShow': 3, 'loadingMsg': 'Loading...', 'openLinksInNewWindow': true}, 'displayModeFull')); _WidgetManager._RegisterWidget('_FeedView', new _WidgetInfo('Feed8', 'sidebar123', null, document.getElementById('Feed8'), {'title': 'naked capitalism', 'showItemDate': false, 'showItemAuthor': false, 'feedUrl': 'http://feeds.feedburner.com/nakedcapitalism', 'numItemsShow': 3, 'loadingMsg': 'Loading...', 'openLinksInNewWindow': true}, 'displayModeFull')); _WidgetManager._RegisterWidget('_FeedView', new _WidgetInfo('Feed3', 'sidebar123', null, document.getElementById('Feed3'), {'title': 'EconoSpeak', 'showItemDate': false, 'showItemAuthor': false, 'feedUrl': 'http://econospeak.blogspot.com/feeds/posts/default', 'numItemsShow': 3, 'loadingMsg': 'Loading...', 'openLinksInNewWindow': true}, 'displayModeFull')); _WidgetManager._RegisterWidget('_FollowersView', new _WidgetInfo('Followers1', 'sidebar123', null, document.getElementById('Followers1'), {'title': 'Followers', 'codeSnippet': '\74script type\75\42text/javascript\42\76\n if (!window.google || !google.friendconnect) {\n document.write(\47\74script type\75\42text/javascript\42\47 +\n \47src\75\42http://www.google.com/friendconnect/script/friendconnect.js\42\76\47 +\n \47\74/scr\47 + \47ipt\76\47);\n }\n \74/script\76\n\74script type\75\42text/javascript\42\76\n if (!window.registeredBloggerCallbacks) {\n window.registeredBloggerCallbacks \75 true;\n\n \n\n \n gadgets.rpc.register(\47requestReload\47, function() {\n document.location.reload();\n });\n\n \n gadgets.rpc.register(\47requestSignOut\47, function(siteId) {\n \n google.friendconnect.container.openSocialSiteId \75 siteId;\n google.friendconnect.requestSignOut();\n });\n }\n \74/script\76\n\74script type\75\42text/javascript\42\76\n \n function registerGetBlogUrls() {\n gadgets.rpc.register(\47getBlogUrls\47, function() {\n var holder \75 {};\n \n \n \n \n holder.currentPost \75 \42http://www.blogger.com/feeds/5048766/posts/default/1957298228122130772\42;\n \n \n \n holder.currentComments \75 \42http://www.blogger.com/feeds/5048766/1957298228122130772/comments/default\42;\n \n holder.currentPostUrl \75 \42\42;\n holder.currentPostId \75 1957298228122130772\n \n \n \n holder.postFeed \75 \42http://www.blogger.com/feeds/5048766/posts/default\42;\n \n \n \n holder.commentFeed \75 \42http://www.blogger.com/feeds/5048766/comments/default\42;\n \n holder.currentBlogUrl \75 \42http://www.angrybearblog.com/\42;\n holder.currentBlogId \75 \0425048766\42;\n \n return holder;\n });\n }\n \74/script\76\n\74script type\75\42text/javascript\42\76\n if (!window.registeredCommonBloggerCallbacks) {\n window.registeredCommonBloggerCallbacks \75 true;\n\n gadgets.rpc.register(\47resize_iframe\47, function(height) {\n var el \75 document.getElementById(this[\47f\47]);\n if (el) {\n el.style.height \75 height + \47px\47;\n }\n });\n\n \n gadgets.rpc.register(\47set_pref\47, function() {});\n\n registerGetBlogUrls();\n }\n \74/script\76\n\74div id\75\42div-1nrxhlqi25u9\42 style\75\42width: 100%; \42\76\74/div\76\n\74script type\75\42text/javascript\42\76\n var skin \75 {};\n skin[\47FACE_SIZE\47] \75 \04732\47;\n skin[\47HEIGHT\47] \75 \042260\42;\n skin[\47TITLE\47] \75 \42Followers\42;\n skin[\47BORDER_COLOR\47] \75 \42transparent\42;\n skin[\47ENDCAP_BG_COLOR\47] \75 \42transparent\42;\n skin[\47ENDCAP_TEXT_COLOR\47] \75 \42#000000\42;\n skin[\47ENDCAP_LINK_COLOR\47] \75 \42#000000\42;\n skin[\47ALTERNATE_BG_COLOR\47] \75 \42transparent\42;\n \n skin[\47CONTENT_BG_COLOR\47] \75 \42transparent\42;\n skin[\47CONTENT_LINK_COLOR\47] \75 \42#000000\42;\n skin[\47CONTENT_TEXT_COLOR\47] \75 \42#000000\42;\n skin[\47CONTENT_SECONDARY_LINK_COLOR\47] \75 \42#000000\42;\n skin[\47CONTENT_SECONDARY_TEXT_COLOR\47] \75 \42#000000\42;\n skin[\47CONTENT_HEADLINE_COLOR\47] \75 \42#000000\42;\n skin[\47FONT_FACE\47] \75 \42Arial\42;\n google.friendconnect.container.setParentUrl(\42/\42);\n google.friendconnect.container[\42renderMembersGadget\42](\n {id: \42div-1nrxhlqi25u9\42,\n height: 260,\n \n \n \n site: \04216681911799602431693\42,\n \n locale: \47en_US\47 },\n skin);\n \74/script\076'}, 'displayModeFull')); _WidgetManager._RegisterWidget('_HTMLView', new _WidgetInfo('HTML12', 'sidebar123', null, document.getElementById('HTML12'), {}, 'displayModeFull')); _WidgetManager._RegisterWidget('_ImageView', new _WidgetInfo('Image1', 'sidebar123', null, document.getElementById('Image1'), {'resize': false}, 'displayModeFull')); _WidgetManager._RegisterWidget('_ImageView', new _WidgetInfo('Image2', 'sidebar-left', null, document.getElementById('Image2'), {'resize': true}, 'displayModeFull')); _WidgetManager._RegisterWidget('_HTMLView', new _WidgetInfo('HTML7', 'sidebar-left', null, document.getElementById('HTML7'), {}, 'displayModeFull')); _WidgetManager._RegisterWidget('_FeedView', new _WidgetInfo('Feed4', 'sidebar-left', null, document.getElementById('Feed4'), {'title': 'ataxingmatter', 'showItemDate': false, 'showItemAuthor': false, 'feedUrl': 'http://feeds.feedburner.com/ataxingmatter', 'numItemsShow': 3, 'loadingMsg': 'Loading...', 'openLinksInNewWindow': false}, 'displayModeFull')); _WidgetManager._RegisterWidget('_BlogListView', new _WidgetInfo('BlogList1', 'sidebar-left', null, document.getElementById('BlogList1'), {'numItemsToShow': 0, 'totalItems': 1}, 'displayModeFull')); _WidgetManager._RegisterWidget('_GadgetView', new _WidgetInfo('Gadget1', 'sidebar-left', null, document.getElementById('Gadget1'), {}, 'displayModeFull')); _WidgetManager._RegisterWidget('_BlogArchiveView', new _WidgetInfo('BlogArchive33', 'sidebar-left', null, document.getElementById('BlogArchive33'), {'languageDirection': 'ltr'}, 'displayModeFull')); _WidgetManager._RegisterWidget('_HTMLView', new _WidgetInfo('HTML1', 'sidebar-left', null, document.getElementById('HTML1'), {}, 'displayModeFull')); _WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList4', 'sidebar-left', null, document.getElementById('LinkList4'), {}, 'displayModeFull')); _WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList5', 'sidebar-left', null, document.getElementById('LinkList5'), {}, 'displayModeFull')); _WidgetManager._RegisterWidget('_HTMLView', new _WidgetInfo('HTML4', 'sidebar-left', null, document.getElementById('HTML4'), {}, 'displayModeFull')); _WidgetManager._RegisterWidget('_HTMLView', new _WidgetInfo('HTML8', 'sidebar-left', null, document.getElementById('HTML8'), {}, 'displayModeFull')); _WidgetManager._RegisterWidget('_HTMLView', new _WidgetInfo('HTML5', 'sidebar-left', null, document.getElementById('HTML5'), {}, 'displayModeFull')); _WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList34', 'header-tabs', null, document.getElementById('LinkList34'), {}, 'displayModeFull')); _WidgetManager._RegisterWidget('_HTMLView', new _WidgetInfo('HTML2', 'header-tabs', null, document.getElementById('HTML2'), {}, 'displayModeFull')); _WidgetManager._RegisterWidget('_HeaderView', new _WidgetInfo('Header1', 'header')); _WidgetManager._RegisterWidget('_NavbarView', new _WidgetInfo('Navbar1', 'navbar')); _WidgetManager._RegisterWidget('_HTMLView', new _WidgetInfo('HTML10', 'main', null, document.getElementById('HTML10'), {}, 'displayModeFull')); _WidgetManager._RegisterWidget('_BlogView', new _WidgetInfo('Blog1', 'main', null, document.getElementById('Blog1'), {'cmtInteractionsEnabled': false, 'dynamicJsUrl': 'http://www.blogger.com/dyn-js/cmtinteraction.js?targetBlogId\0755048766', 'commentInteractionIframeUrl': 'http://www.blogger.com/comment-interaction-iframe.g?blogId\0755048766', 'bloggerBaseUrl': 'http://www.blogger.com', 'blogspotBaseUrl': 'http://www.angrybearblog.com/', 'showBacklinks': true, 'postId': '1957298228122130772'}, 'displayModeFull')); _WidgetManager._RegisterWidget('_GadgetView', new _WidgetInfo('Gadget2', 'main', null, document.getElementById('Gadget2'), {}, 'displayModeFull')); _WidgetManager._RegisterWidget('_HTMLView', new _WidgetInfo('HTML3', 'main', null, document.getElementById('HTML3'), {}, 'displayModeFull')); _WidgetManager._RegisterWidget('_HTMLView', new _WidgetInfo('HTML9', 'main', null, document.getElementById('HTML9'), {}, 'displayModeFull'));

Comment

Show comments

What Tax Cuts Mean For Small Business

Related Articles