Millionaire’s surtax
December 9, 2011 Leave a comment
This is just awesome. Via NPR:
For the second week in a row, the Senate on Thursday voted down proposals to extend the payroll tax holiday through next year. In the case of the Democrats’ proposal, Republicans objected to the “millionaires surtax” that would be used to pay for it.
Ever since the idea of the surtax was introduced weeks ago, Republicans in Congress have railed against it, arguing that it is a direct hit on small-business owners and other job creators…
We wanted to talk to business owners who would be affected. So, NPR requested help from numerous Republican congressional offices, including House and Senate leadership. They were unable to produce a single millionaire job creator for us to interview.
So we went to the business groups that have been lobbying against the surtax. Again, three days after putting in a request, none of them was able to find someone for us to talk to…
So next we put a query on Facebook. And several business owners who said they would be affected by the “millionaires surtax” responded.
Some actual small business owners understand how this works much better than Republican Senators do:
Yankwitt says deciding to bring on another employee is all about return on investment. Will adding another person to the payroll make his company more successful?
For Jason Burger, the motivation is similar.
“If my taxes go up, I have slightly less disposable income, yes,” said Burger, co-owner of CSS International Holdings, a global infrastructure contractor. “But that has nothing to do with what my business does. What my business does is based on the contracts that it wins and the demand for its services.”
I’m sure there are plenty of millionaire small business owners who are hung up on making sure they keep every last dollar they can. Let’s just not pretend it actually has anything to do with their hiring decisions.
