Another what?

There's another proposal in Washington you're gonna love. It's the "Small Business Tax Cut Act". Basically what it does is allow business owners to deduct 20% of their business income in 2012. Now that sounds like a fair deal for business owners. After all, they do have a lot of expenses in the operation of any business. But no, this isn't about business expenses. This would come after all business expenses are already deducted. So after they pay the rent and the lights and pay all the employees their wages, what's left over, which is usually called profit, this is where they want to give a 20% discount on taxes. The claim is that it "would lead to more hiring". Problem is that businesses aren't hiring because there's not enough business to justify new hiring, not because they're holding out for another tax cut. And here's another interesting bit of information. Small businesses include any company with up to 500 employees. 500 employees. That's a lot more like medium size, if you ask me. And then there's the question of who gets helped the most.  The total cost to the government would be about $46 billion. Half would go to folks making over $1 million per year. Two thirds of the total would go to those making more than $200,000 per year. These folks aren't struggling. They're waiting for more buyers. Wanna help these small businesses? Create more buyers. So how would you go about creating more customers? Well some folks think that giving more and bigger tax cuts to the super wealthy will do the trick. Now that would truly be a trick. The other way of thinking is to get the money directly to the customers or at least indirectly by creating jobs. And since small businesses and even large ones don't want to do it without some assurance of more customers, then maybe it is time for the government to do the job. How? Well I can tell ya one thing for sure. Our infrastructure needs a lot of work. A lot. For starters. Also, maybe they could change that bill to the Small Business Employee Tax Relief Act. Those are the folks who need help. And if a small business needs help, tell them that if they actually hire more people, at a living wage, with benefits, they'll get their tax cut.