<$BlogRSDURL$>
Return to Main Page | Ragout: Cheney Bashes Small Business
Ragout
A Spicy Stew of Economics, Politics, Data, Food, Carpentry, etc.
 
Tuesday, October 05, 2004

Cheney Bashes Small Business


Overall, it seemed to me that Cheney lied a lot less than he usually does, probably expecting close scrutiny of his remarks. But one lie did leap out at me.

Cheney claimed that rolling back Bush's tax cuts for the rich would also raise taxes for 900,000 small businesses, forcing them to lay off employees. This claim has already been thoroughly debunked by Factcheck.org and the Brookings-Urban Tax Policy Center. The real figure is about half of what Cheney claimed.

Bush frequently makes the same claim on the campaign trail, praising small businesses as "job creators," and charging that Kerry's plan will raise their taxes: "Ninety percent of small businesses pay tax at the individual income tax rate, because they're either subchapter-S corporation or a sole proprietorship."

So it was more than a little hypocritical when, later in the debate, Cheney charged that Edwards had used a "special tax loophole" to avoid taxes during his days as a lawyer. The loophole? Incorporating under subchapter-S, of course!

In their stump speeches, subchapter-S corporations are virtuous job creators, but when their opponent starts a perfectly typical corporation of this type, he's a tax dodger. What a cheap shot.


NOTE: I've re-written this post since the first version was too long-winded.

UPDATE: It looks like I missed some lies. Who'd of thought Cheney would lie about meeting Edwards? Still, I don't think it was more than 4 or 5 lies. So I stand by my original claim: a relatively honest night for Cheney.
 
|










































Number 1 in Ragout Economics!

ARCHIVES
March 2004 / April 2004 / May 2004 / June 2004 / July 2004 / August 2004 / September 2004 / October 2004 / November 2004 / December 2004 / January 2005 / April 2005 / May 2005 / June 2005 / July 2005 / August 2005 / September 2005 / October 2005 /

LINKS
First Team
Angry Bear
Atrios
Crooked Timber
Brad DeLong
Econbrowser
Economist's View
Freakonomics
Mark Kleiman
Nathan Newman
Political Animal
Max Sawicky
Brian Setser
Sock Thief
Talking Points Memo
Tapped
Matthew Yglesias

Second Opinion
Stephen Bainbridge
Marginal Revolution
Andrew Samwick
The Volokh Conspiracy

Third Way
Fafblog
NewDonkey

Fourth Estate
Economic Reporting Review
New York Times
Slate
Washington Post

Fifth Republic
Ceteris-Paribus
Econoclaste
Le Figaro
Le Monde

Sixth Sense
Deltoid
The Intersection
In the Pipeline
What's New

Politics & Polls
Daily Kos
Donkey Rising
Electoral Vote Predictor
MyDD
PollingReport
PollKatz
Rasmussen Tracking Polls

Other
Art Sucks
Enzo Titolo
L’esprit d’escalier
A Level Gaze
Approximately Perfect


EMAIL
ragoutchef at yahoo dot com

[ATOM]

Powered by Blogger