Obama disparages small business

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.

July 31, 2012 5:37 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