Here’s an exploration of the impact of government regulation on small businesses. (H/T Foxfier)
Fewer businesses means fewer new jobs.
It also means that consumers have fewer options to get better quality products and services for less money. Boo!
Tag Archives: Jobs
Obama’s reversal of the Bush tax cuts would cut your take-home pay
Investors Business Daily explains what would happen if Obama allows the Bush tax cuts to expire. (H/T Ponder With Us)
Excerpt:
Professor Michael Graetz of Columbia University recently estimated in the Wall Street Journal that letting the tax cuts expire will cost the U.S. economy $10 billion a month in added withholding from paychecks.
Goldman Sachs economist Alec Phillips estimates letting the Bush cuts expire could slash “nearly 10 percentage points” from disposable income growth in the first quarter of next year, and nearly two percentage points from GDP in the first half.
With GDP now at a tad above $14 trillion, the impact could be $280 billion or more in the first six months alone.
In short, the higher taxes could very well push us back into recession — at a time when the economy is struggling under 9.6% unemployment with little if any private-sector job growth.
What’s most worrisome is what it will do to the working taxpayer. His or her take-home pay is about to fall, leaving noticeably less to spend and save.
A married couple without children and an annual income of $80,000 would have an added $221 taken from their paycheck every two weeks, the Bloomberg report says, quoting the H&R Block Tax Institute. That jumps to $558 for couples bringing in $240,000.
Data from the Tax Policy Center show even those with modest family incomes would take a hit. For example, a couple with income of $60,000 and four children can expect to pay $130 more every two weeks to Uncle Sam. It doesn’t get much better for those who make just $40,000. They’ll find about $108 more withheld every other week.
Obama likes to spread the wealth around. You don’t mind, do you? He knows so much better than you do how to spread your money around.
Would Ted Strickland or John Kasich be a better governor of Ohio?
Here’s a clip of Ted Strickland giving a speech to his Democrat supporters.
Here’s the transcript of Ted Strickland’s speech from the Weekly Standard.
Excerpt:
“The Republican party has been overtaken by the zealots, by the extremists, by the radicals … and they don’t seem to like Ohio very much… And quite frankly they act like they don’t like America very much. They want to change our Constitution. They want to change Medicare. They want to change labor rights. They want to change this country in fundamental ways.”
Does Ted Strickland encourage businesses to remain in Ohio and hire workers in Ohio?
Let’s see:
Wow. 400,000 jobs lost in Ohio while Strickland was governor? He sounds as competent at encouraging job creation as his fellow Democrat Barack Obama.
Ted Strickland raised taxes on citizens of Ohio by 840 million dollars. He thinks he knows how to spend your money better than you do.
Social Issues
I wonder how Ted Strickland is on social issues?
Life News says:
In June of last year, Strickland upset pro-life Ohio residents by using his line-item veto to axe the section of the $1.3 billion funding bill banning state funds for cloning human beings.
Mike Gonidakis, the director of Ohio Right to Life, told LifeNews.com at the time, “By vetoing a ban on using taxpayer funds for human cloning, Ted Strickland has demonstrated that he supports treating human life as a commodity.”
“Most Ohioans don’t share Governor Strickland’s cavalier disregard for the value of human life and they should not be forced to pay for its creation, exploitation and destruction in cloning research,” Gonidakis said.
In March 2007, Strickland feuded with pro-life advocates over his budget proposal that eliminated the $500,000 the state normally spends annually on encouraging kids to practice abstinence.
The governor said he would not apply for any more federal funds for abstinence education for future budgets.
In February 2007, Strickland would not fight to save an Ohio law that protects women from the dangerous RU 486 abortion drug which has killed seven women in the United States and injured more than a thousand more. With little fanfare, Strickland quietly dropped a legal effort to salvage a law that puts safety limits on the drug.
The Ohio state legislature previously approved a bill to bring the use of the abortion pill in Ohio in line with Food and Drug Administration guidelines.
During his tenure in Congress, Strickland had a strong pro-abortion voting record while Kasich compiled a strongly pro-life record.
Ohio Right to Life today announced its endorsement of a slate of pro-life candidates seeking elected office statewide. The pro-life organization picked Rob Portman as its endorsed candidate for the U.S. Senate and named John Kasich as its endorsed candidate for governor.
[…]Marshal Pitchford, the chairman of the Ohio Right to Life Society Board of Trustees said the pro-life movement in Ohio “is fortunate to have experienced and highly qualified pro-life candidates seeking the state’s executive offices.”
“John Kasich had an outstanding pro-life voting record during his career in Congress,” he said. “His running mate, Mary Taylor, is an articulate advocate of the right to life movement. As Governor and Lt. Governor, they will reflect the common sense and common decency of the people of Ohio.”
And he’s also lousy on traditional marriage and the rights of children to be raised by a mother and a father. He was opposed to the Constitutional Amendment banning same-sex marriage, and opposed to banning gay adoption in D.C. He’s a left-wing radical on social issues. Just like Barack Obama.
Right now, the Ohio governor race is a toss-up. I recommend that all my Ohio readers get out and vote for Kasich on election day.
n June of last year, Strickland upset pro-life Ohio residents by using his line-item veto to axe the section of the $1.3 billion funding bill banning state funds for cloning human beings.
Mike Gonidakis, the director of Ohio Right to Life, told LifeNews.com at the time, “By vetoing a ban on using taxpayer funds for human cloning, Ted Strickland has demonstrated that he supports treating human life as a commodity.”
“Most Ohioans don’t share Governor Strickland’s cavalier disregard for the value of human life and they should not be forced to pay for its creation, exploitation and destruction in cloning research,” Gonidakis said.
In March 2007, Strickland feuded with pro-life advocates over his budget proposal that eliminated the $500,000 the state normally spends annually on encouraging kids to practice abstinence.
The governor said he would not apply for any more federal funds for abstinence education for future budgets.
In February 2007, Strickland would not fight to save an Ohio law that protects women from the dangerous RU 486 abortion drug which has killed seven women in the United States and injured more than a thousand more. With little fanfare, Strickland quietly dropped a legal effort to salvage a law that puts safety limits on the drug.
The Ohio state legislature previously approved a bill to bring the use of the abortion pill in Ohio in line with Food and Drug Administration guidelines.
During his tenure in Congress, Strickland had a strong pro-abortion voting record while Kasich compiled a strongly pro-life record.
WINTERY KNIGHT 