Obama disparages small business


July 31, 2012 · Updated 2:37 PM 

In 1980, my wife and I started a business. We didn’t get any Republican corporate welfare or any Democrat stimulus money. We did it the old fashioned way. We didn’t take any salary for nine months. Sixty-hour work weeks were the norm. We used equity in our home as collateral when we needed a line of credit. We employed people who otherwise may have been unemployed. When we worked smart, we made money. When we made bad decisions we lost money.

Along the way, we paid corporate federal income tax, federal unemployment tax and double Social Security tax. And then there were the Washington state business-and-occupation tax on our gross revenue (even when we had a negative cash flow), employment security taxes, labor and industry taxes, sales taxes, gas tax and more.

I guess those taxes don’t count to the president.

It is shameful that the president disparages the life work of millions of Americans like us.

Tom Hanify
Clinton

 

Comment on this story.

COMMENTING RULES: We encourage an open exchange of ideas in our online community, but we ask you to follow our guidelines for respecting community standards. In a nutshell, don't say anything you wouldn't want your mother to read. Please see our FAQ if you have questions or concerns about using Facebook to comment.

So keep your comments:

  • Civil
  • Smart
  • On-topic
  • Free of profanity

We ask that all participants own their words by logging in with their Facebook account. It's a simple process that will take seconds and helps keep our comments free of trolls, cranks, and “drive-by” commenters. We reserve the right to remove comments from anyone using screen names, pseudonyms or false identities. Please refer to our Terms of Use for full detail on participating on our site.