Thursday, October 6, 2022
Hawai'i Free Press

Current Articles | Archives

Tuesday, July 27, 2010
Would Colleen Hanabusa Support Obama’s Small Business Tax Hike?
By News Release @ 1:31 PM :: 8762 Views :: Maui County, Education K-12, Energy, Environment, National News, Ethics

Would Colleen Hanabusa Support Obama’s Small Business Tax Hike?

Democrats Prepare to Slam Businesses with Job-Killing Taxes

Washington- With Washington Democrats talking about slamming small businesses once again with job-killing tax hikes, Colleen Hanabusa will be called on to answer whether or not she supports the unpopular agenda her party leaders’ are pushing through Congress. As small businesses are unable to grow and create jobs thanks to the uncertainty created by the Democrats’ destructive big-government agenda, these massive tax hikes would only further set back economic recovery.

“After supporting a Democrat agenda that has buried Hawaii taxpayers under a mountain of reckless government spending and record-high debt, it looks like Colleen Hanabusa could once again support a job killing tax hike that would devastate the economy even further,” said NRCC Communications Director Ken Spain. “Small businesses are looking for some much-needed relief, but all they’re getting from Washington is the uncertainty that comes from the Democrats’ harmful agenda. If Hanabusa can’t finally stand up against the Democrats’ tax-hiking agenda, it will prove once and for all that her loyalties do not lie with Hawaii businesses and families.”

Ben Bernanke, the nation’s chief economist, argued that eliminating the Democrats’ scheduled tax hikes would go a long way toward bolstering the economy:

“Federal Reserve Chairman Ben S. Bernanke said extending at least some of the tax cuts set to expire this year would help strengthen a U.S. economy still in need of stimulus and urged offsetting the move with increased revenue or lower spending. 

“‘In the short term I would believe that we ought to maintain a reasonable degree of fiscal support, stimulus for the economy,’ Bernanke said yesterday under questioning from the House Financial Services Committee’s senior Republican.” (Scott Lanman and Ryan Donmoyer, “Bernanke Says Tax-Cut Extension Maintains Stimulus,” Bloomberg, July 23, 2010)

But President Obama and Democrat leaders are content to slam small businesses even harder with a new round of tax increases:

“Democratic leaders, including Mr. Obama, say they are intent on letting the tax cuts for the wealthy expire as scheduled at the end of this year. But they have pledged to continue the lower tax rates for individuals earning less than $200,000 and families earning less than $250,000 — what Democrats call the middle class.” (David Herszenhorn, “Next Big Battle in Washington: Bush’s Tax Cuts,” New York Times, 7/24/10)

According to the Wall Street Journal, these tax hikes will hit small businesses the hardest:

“The reality is that the increase in the top marginal income tax rate to higher than 41% will hit the most profitable small businesses especially hard. That's because millions of business owners pay individual rates under Subchapter S of the tax code. Today, this means they pay the same top rate as the Fortune 500: 35%. But if the 2003 tax rates expire, they'll suddenly pay more than Goldman Sachs.” (Wall Street Journal,“ Liberal Tax Revolt,” 7/23/10)

Will Colleen Hanabusa stand up to these tax hikes or cave to Democrat leaders once again?



TEXT "follow HawaiiFreePress" to 40404

Register to Vote


808 Silent Majority

ACA Signups Hawaii

Alliance Defending Freedom

Aloha Pregnancy Care Center

American Council of Trustees and Alumni


Antonio Gramsci Reading List

A Place for Women in Waipio

Astronomy Hawaii

Back da Blue Hawaii

Ballotpedia Hawaii

Better Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii


Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii Coalition Against Legalized Gambling

Hawaii ConCon Info

Hawaii Credit Union Watch

Hawaii Crop Improvement Association

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Advocates

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federalist Society

Hawaii Federation of Republican Women

Hawaii Future Project

Hawaii Gathering of Eagles

Hawaii History Blog

Hawaii Homeschool Association

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Life Alliance

Hawaii March for Life 

Hawaii Matters

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Smokers Alliance

Hawaii State Data Lab

Hawaii Together



Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

Investigative Project on Terrorism

July 4 in Hawaii

Kakaako Cares

Keep Hawaii's Heroes

Land and Power in Hawaii

Legislative Committee Analysis Tool

Lessons in Firearm Education

Lingle Years

Malulani Foundation

Managed Care Matters -- Hawaii

Malama Pregnancy Center of Maui

Mauna Kea Recreational Users Group

Military Home Educators' Network Oahu

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

National Christian Foundation Hawaii

National Parents Org Hawaii

NFIB Hawaii News

No GMO Means No Aloha

Not Dead Yet, Hawaii

NRA-ILA Hawaii

Oahu Alternative Transport


OHA Lies

Opt Out Today

Patients Rights Council Hawaii

PEACE Hawaii

People vs Machine

Pritchett Cartoons

Pro-GMO Hawaii


Rental by Owner Awareness Assn

ReRoute the Rail

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

Robotics Organizing Committee

Save Dillingham Airfield

School Choice in Hawaii

Sink the Jones Act

Statehood for Guam

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

UCC Truths

US Tax Foundation Hawaii Info

VAREP Honolulu

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii