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While President Obama is demanding tax rate hikes on small businesses, former Clinton White House Chief of Staff and Democrat Erskine Bowles  told CBS Face the Nation, "We have to cut spending." ... "Even if you raise the top rates back to the Clinton rates, that only creates about $400 billion over 10 years. That's $40 billion a year. We have a trillion dollar a year deficit," said Bowles. And the spending cuts offered by the president - which are dwarfed by the new 'stimulus' spending he proposes - are "not enough. We're going to have to do more." http://www.speaker.gov/video/bowles-we-have-cut-spending
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Thomas Summers's profile photoDebra B's profile photo
Debra B
 
Lets move forward responsibly.  Had the repubs put more emphasis on their responsibilites to the American People and not held everything hostage , we would be better off.  They spent all their time on hating Obama and not loving this country. They even held up the jobs bill.  Lets put the blame where it belongs - Boehner  and the repub croonies.  We do need to cut spending more , but why did they push everything Bush wanted knowing the mess we were already in ?  Now they want to close the checkbook before they pay their own bills .  The people can see what's going on here and this is why Obama won and has the majority on his side.  
 
Obama is reducing rates for the majority of small businesses. His definition of a small business is based on income and employees not on the number of owners as republicans define it. For Republicans, the Koche brothers, Donald Trump and others are "small businesses." That is just silly or, if you will, irrational. 
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