Lower taxes best to help small biz
Norbert (Bud) Fay Waterford
Publication: The Day
In his Sunday column, Editor Paul Choiniere lamented Connecticut's $100 million dollar small-business job creation bill. The reason, the "journalist" wrote, is that two Chicago academics did a study, that showed small businesses "eliminate more jobs than they create in a given year," suggesting any money granted is bound to be wasted.
This is a great example of why people have lost faith in the media at large.
Seventy percent of the jobs created in recovering from a recession are produced by "small businesses." This is verified by the U.S. Chamber, The National Federation of Independent Businessmen, and by the U.S. Commerce Department.
Seventy percent of our total economy is driven by consumer spending. If government allows us to keep more of our own money, we'll spend more than we are now. If we do that, the grocer, the cleaner, the liquor store will see more of us and they can afford to hire people to handle the increase in business.
Tax credits, small business loans, will not create any sustainable jobs, in what has become a static recession. Government "green energy" has an 80 percent bankruptcy rate, and an average cost of well over $1 million dollars per job.
Tax relief has proven effective in triggering recovery in the past. Do we ignore it because it works?
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Lower taxes best to help small biz
In his Sunday column, Editor Paul Choiniere lamented Connecticut's $100 million dollar small-business job creation bill. The reason, the "journalist" wrote, is that two Chicago academics did a stud...
HIDE COMMENTS