• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!
  • Welcome to our archives. No new posts are allowed here.

US Republicans clear way for minimum-wage rise

danarhea said:
All in all, I would say that this is a decent compromise.

Article is here.
Click to expand...

Aside from the minimum wage issue, why should they tack on this pork tax givaway to "small businesses"? And aside from the questionable proposition that the Govt should be giving any tax breaks at a time it is going further into debt $1/2 trillion dollars every year, is there any evidence that an increase in the MW hurts small businesses more than large business? Is there some evidence that small businesses pay their employees MW a lot more than big business that this kind of Govt welfare is necessary?

I heard a lot of anecdotal comments about this, but have never seen any statistics backing it up. And I'd bet that a fair portion of small business owners are doing very well. Thus, it seems to me this form of corporate welfare is as imprecise in accomplishing its objective at least as much as the MW is.
 
Iriemon said:
Aside from the minimum wage issue, why should they tack on this pork tax givaway to "small businesses"? And aside from the questionable proposition that the Govt should be giving any tax breaks at a time it is going further into debt $1/2 trillion dollars every year, is there any evidence that an increase in the MW hurts small businesses more than large business? Is there some evidence that small businesses pay their employees MW a lot more than big business that this kind of Govt welfare is necessary?

I heard a lot of anecdotal comments about this, but have never seen any statistics backing it up. And I'd bet that a fair portion of small business owners are doing very well. Thus, it seems to me this form of corporate welfare is as imprecise in accomplishing its objective at least as much as the MW is.
Click to expand...

To be honest, I originally thought the reduction in small business tax should have been brought up in another bill, but after thinking about it, I can easily see how it is related to the minimum wage, in that it makes paying the higher rate something that small businesses can do without having to resort to layoffs, or face financial hardships. In that context, I think the amendment is appropriate, and have no complaints with it.

Face it, many small businesses are mom and pop operations, in which the goal of staying in business is an everyday struggle. Government should not increase that burden, but instead, ease it, while ensuring that those at the bottom of the wage scale are not forced to live in the streets, even though employed.

All in all, I am happy with the way it turned out.
 
danarhea said:
To be honest, I originally thought the reduction in small business tax should have been brought up in another bill, but after thinking about it, I can easily see how it is related to the minimum wage, in that it makes paying the higher rate something that small businesses can do without having to resort to layoffs, or face financial hardships. In that context, I think the amendment is appropriate, and have no complaints with it.

Face it, many small businesses are mom and pop operations, in which the goal of staying in business is an everyday struggle. Government should not increase that burden, but instead, ease it, while ensuring that those at the bottom of the wage scale are not forced to live in the streets, even though employed.

All in all, I am happy with the way it turned out.
Click to expand...

For the most part, I agree with lowering taxes on small businesses. Not because of minimum wage laws, but because the free market works best when there are many competitors. Encouraging small businesses may help overcome the inherent disadvantages they face in competing against larger companies: disadvantages that have nothing to do with whether they are the less desirable provider for a product or service. For example, it is perfectly likely that the smaller business is the better provider, but a larger company is able to use its market power or relative wealth to squeeze the smaller company. 'Subsidizing' small businesses with tax advantages helps to keep them in the playing field. So, while I think there is not going to be an adverse effect on small businesses due to the min wage increase, I am not altogether displeased with this tax cut.

Of course, the focus of this compromise was the 'mom and pops', but, it will help other small businesses.

However, I'm still opposed to any tax cut that doesn't either raise taxes elsewhere or cut spending, in the same bill.

In the end, though, I admit that this is a decent compromise.
 
Iriemon said:
tax givaway to "small businesses"
Click to expand...
Imagine for a moment just how liberal and socialistic you have to be, to describe letting a business keep part of the money it earned, a "givaway" [sic] from the government.
 
danarhea said:
To be honest, I originally thought the reduction in small business tax should have been brought up in another bill, but after thinking about it, I can easily see how it is related to the minimum wage, in that it makes paying the higher rate something that small businesses can do without having to resort to layoffs, or face financial hardships. In that context, I think the amendment is appropriate, and have no complaints with it.

Face it, many small businesses are mom and pop operations, in which the goal of staying in business is an everyday struggle. Government should not increase that burden, but instead, ease it, while ensuring that those at the bottom of the wage scale are not forced to live in the streets, even though employed.

All in all, I am happy with the way it turned out.
Click to expand...

Many aren't mom and pops, many are making lots of money. I am not happy at the thought of going more in debt to give tax cuts to those guys.
 
Little-Acorn said:
Imagine for a moment just how liberal and socialistic you have to be, to describe letting a business keep part of the money it earned, a "givaway" [sic] from the government.
Click to expand...

I think all corporate taxes should be abolished, actually. But with an offsetting increase in income taxes (or spending cuts, if it eliminates the defecits).
 
Iriemon said:
I think all corporate taxes should be abolished, actually. But with an offsetting increase in income taxes (or spending cuts, if it eliminates the defecits).
Click to expand...
Another offset for that would be getting rid of corporate welfare.
 
You must log in or register to reply here.
Back
Top Bottom