Gov't Helps Small Business Go Out of Business


	Gov't Helps Small Business Go Out of Business

strider72

3-17-2009 5:54 PM

206 views

tags:

good intentions, government, small business, obama, stimulus bill

strider72 says:

*sigh*

1 Comment |

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3-17-2009 8:40 PM

merrie

. . . . that was part of the wreckovery bill that no one read before voting and that had to be passed within 12 hours of else catastrophe was imminent!

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/7dd862b0-8601-40d6-8f79-4c3802c5e030/74674BC2-1709-4476-AB59-609FA024512F/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://foxpolitics.net/politics.iml?mdl=issues.mdl&Category=1&issue_id=28398" href="http://foxpolitics.net/politics.iml?mdl=issues.mdl&Category=1&issue_id=28398" style="font-size: 11px;">foxpolitics.net</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://foxpolitics.net/politics.iml?mdl=issues.mdl&Category=1&issue_id=28398">Discussion centered around the Stimulus Bill</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://foxpolitics.net/politics.iml?mdl=issues.mdl&Category=1&issue_id=28398"><BLOCKQUOTE><DIV>Certain employees who have been laid off can, if they so opt, continue paying health care premiums through the business’s group health plan. Under the “stimulus bill,” those employees can have <A target="_blank" href="http://health.usnews.com/blogs/on-health-and-money/2009/2/13/stimulus-bill-to-cover-65-percent-of-cobra-costs-for-9-months-.html">65% of their COBRA premium</A> paid by the federal government. At $300, $400 and $500 a month, that 65% subsidy can mean a great deal. </DIV><BR /><DIV> The problem is the <I>employer</I> must <I>pay the subsidy</I> and wait to get “paid” by the federal government until he files his payroll taxes, when he takes a tax credit… And that’s only if the employer has enough employees left to have enough payroll taxes owed to get credit for all the premium(s) he paid. </DIV><BR /> So you see, it’s a cash flow problem for the employer – and believe me, I see small businesses that are struggling with this.</BLOCKQUOTE></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://foxpolitics.net/politics.iml?mdl=issues.mdl&Category=1&issue_id=28398"><DIV> “But the stimulus package is supposed to <I>help</I> small business.” </DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://foxpolitics.net/politics.iml?mdl=issues.mdl&Category=1&issue_id=28398"><DIV> As one of the attendees said, “I don’t know whether to scream or cry.” </DIV></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/74674BC2-1709-4476-AB59-609FA024512F/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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