1) As shown in the prior “stimulus” bill, all the important projects need months to create a “Request for Proposals”, followed by a period of analysis to choose the winner, and usually followed by many delays caused by affected groups and individuals not limited to environmental issues. At the earliest, the jobs created by bridges and other large constructions projects will not show up for at least a year or more. I do support such projects, but it takes a year or more to see jobs.
2) We all would like to maximize fireman, policeman, teachers to provide services to our families. But the cost is about $200,000 per job and do not create permanent jobs in the private sector which will pay taxes not consume them.
3) Why are we adding over $1 billion in permanent tax increases to fund a temporary funding of less than half of that.
4) I know that everyone keeps talking about the fair share the rich should pay. In 2008, the rich (the top 1% pay 38% and the top 10% pay 70%) pay almost all of the taxes whereas the bottom 50% of taxpayers pay virtually nothing in income taxes. Do we want a country where even more people do not pay for the federal government and half of the people get a free ride? Is that fairness?
5) I have founded companies, invested my capital, and hired people. The SBA says regulations cost small business $10,000 per employee per year. Obama-care causes uncertainty regarding hiring. When 2/3 of all new jobs are created by small businesses, now is not the time to confuse job creators with threats and new taxes. Check the statistics regarding small business hiring .
6) Finally for all those who think that no one got ahead during the BUSH years following the tax cuts to the rich, two questions:
Why was the reversal of the tax cuts to the non-rich going to be such a disaster last year if they didn’t get much?
Why does this link to an IRS study of income mobility show how over 50% of taxpayers moved up an income quintile between 1996 and 2005 while 75% with the highest incomes moved down.
http://www.treas.gov/offices/tax-policy/library/incomemobilitystudy03-08revise.pdf
Frank Cantor
Boulder
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