Obama Pushes Small Business Aid, Says the American Dream Needs a Loan

Absolutely right! i am totally agreed over not paying those big salaries. Obama is doing right for the taxpayers, the Americans. I liked this strategy!

Only the little people pay taxes.

Actually the fact that the top 1% of the nation's wage earners account for 40.42% of the total federal income tax revenue; and the top 5% of the nation's wage earners account for 60.63% of the total federal income tax revenue; are from the Tax Foundation website citing the Internal Revenue's data for 2007.

"Yes taking advantage of the tax law loopholes does lower one's tax liability. So what is your point? Even with the lowered tax liability they still pay millions in taxes."

So to recap, multi millionaires paying much less of a percentage of their income income in taxes than the working class is a good idea according to the right wing.

But at least you acknowledge that advantages are taken and the Heritage Foundation numbers you post are completely bogus.

Yes taking advantage of the tax law loopholes does lower one's tax liability. So what is your point? Even with the lowered tax liability they still pay millions in taxes.

Warren Buffett may have a net tax rate that is lower than his secretary and his cleaner but he still pays millions more in taxes.

For me there's no amreican dream anymore, anyway something must be done in order to reduce unemployment rate.

"The so-called "greedy" CEOs"

What would you call a CEO who runs the company into the ground while walking away personally wealthier by the experience?

"are paying millions of dollars in federal, state (where applicable) and local (where applicable) income taxes. You cut their income by 90% and you cut their tax liabilities by about 90%."

How laughable.

CEO can hire accountants with the money they make dramatically decreasing their tax liability.

"Warren Buffett, the third-richest man in the world, has criticised the US tax system for allowing him to pay a lower rate than his secretary and his cleaner."

The so-called "greedy" CEOs are paying millions of dollars in federal, state (where applicable) and local (where applicable) income taxes. You cut their income by 90% and you cut their tax liabilities by about 90%. That means dramatically LESS REVENUE for the federal, state (where applicable) and local (where applicable) governments. The federal, state and local governments will then have to raise taxes on the middle class or drastically cut services.

By the way that also means hundreds of thousands, if not millions, of dollars less in contributions to charities.

Small businesses do need some help. They find it hard to compete for good employees, as most can't afford to pay for a share of health insurance for their employees. As well, they have to compete with corporate chains that can under-price their goods because of their huge volume of wholesale purchases.

James Danley, do you realize that the President's salary is only $400,000 to run the whole country. So don't compare some greedy ceo who's job is only running a bank, earning a salary in the millions getting his pay cut. That's just silly.

If the American Dream needs a loan then they should stop with the Consumer Financial Protection Agency. It will put such restrictions on some companies that most Americans will have no where to go and borrow unless they can get it from a bank. Oh I forgot banks are not lending. Seriously you need to get informed on the CFPA I know it sounds like a good thing but it will put companies who lend out of business.

Julieterra, so why is the Left all up in arms about the Healthcare Insurance Industry executives making their millions? Or the gas company executives making their millions? They aren't getting federal bailout money! It has more to do with simple class warfare then taxpayers' money.

The Left is always whining that the wealthy don't pay their fair share in taxes, yet the top 1% of the nation's wage earners account for 40.42% of the total federal income tax revenue; and the top 5% of the nation's wage earners account for 60.63% of the total federal income tax revenue. And now we learn that the nonpartisan Tax Policy Center estimates that nearly 47% of the nation's households will have either no federal income tax liability or a negative tax liability (receive a net credit due to tax credits). Nearly 9% of households with an income between $75,000 and $100,000 will have no federal income tax liability or a negative tax liability.

"It's not the dollar amount, it's the principle of the thing."
________________________________

Nonsense, taxpayers don't want executives paid millions in salaries when their companies are propped up by taxpayers' dollars.

It's not the dollar amount, it's the principle of the thing.

"If the government is going to mandate executives cut their pay then the government should lead by example."
__________________________________

Nonsense. Bank executive salaries cut were in the MILLION dollar range.

There is no way corporations floated on taxpayers' money should be paying executives astronomical salaries, bonuses and perks. When the companies are making great profits and the tax payer has been paid back - fine.

If the government is going to mandate executives cut their pay then the government should lead by example.

"Well, then I say that the President, Vice-President, Senators, Representatives, Cabinet Secretaries, Czars AND all of their respective staffs members, should take a 90% cut. ALL of their salaries and staff budgets are from taxpayers money!"
_______________________________________

Obama did freeze senior White House salaries immediately upon taking office.

p.s. - government salaries are supposed to be paid by government money. Astronomical executive salaries of private industry are not.

Biz2Credit, or these individuals can visit their local ACORN office!

Well, then I say that the President, Vice-President, Senators, Representatives, Cabinet Secretaries, Czars AND all of their respective staffs members, should take a 90% cut. ALL of their salaries and staff budgets are from taxpayers money!

Financial education is a necessary step to ensure that the business owner understands the structure of the loan and how successfully manage their business's debt exposure. I run a small business marketplace that connects business owners to financing options
We frequently receive questions and concerns surrounding a persons eligibility for various lending programs - both conventional and SBA financing. A large majority of business owners do not know the fundamentals of business financial management. For example, yesterday we received a request from an entrepreneur looking to purchase a business with no money down, a poor credit history and little knowledge about the assets involved in the acquisition. Businesses need to know the right questions to ask and access to the fundamentals of financial management. There’s a lot of freely available information and advice from our expert network for business owners. However, I think the government needs to take a lead in launching more seminars and workshops to help businesses scrutinize their finances and growth projections.