Last year, even as he struggled through the worst of the recession, Chris Upham said revenue at his District-based real estate and construction businesses doubled — allowing him to hire two agents.
But Upham said he hasn’t increased his staff thus far in 2010 and he doesn’t expect to for the remainder of the year.
That’s because his taxes rose sevenfold. And he said he anticipates they’ll increase again if the Bush tax cuts for people earning $250,000 and above expire at the end of the year.
That’s just a taste; read the whole thing, and bear in mind that what people call “tax cuts for the rich” actually end up helping small businesses as well. By having come out against extending the Bush tax cuts, the Obama Administration has only served to give small businesses less confidence in the future. Naturally, this hurts business expansion, which incidentally, happens to hurt job growth.
I suppose that stories like this help explain stories like this:
Republicans are heading into the final weeks of the midterm campaign with the political climate highly in their favor, according to a new Washington Post-ABC News poll. Americans are increasingly frustrated by a lack of economic progress, deeply dissatisfied with the federal government and critical of President Obama’s leadership.
For the first time in more than four years, Republicans run about evenly with Democrats on the basic question of which party they trust to handle the nation’s biggest problems. Among registered voters, 40 percent say they have more confidence in Democrats and 38 percent say they have more trust in Republicans. Three months ago, Democrats had a 12-point advantage.
On the economy, 43 percent of voters side with Republicans when it comes to dealing with financial problems, while 39 percent favor Democrats. (Fifteen percent say they trust neither party more.) Although not a significant lead for Republicans, this marks the first time they have had any numerical edge on the economy dating to 2002. In recent years, Democrats have typically held double-digit advantages on the issue.