Showing posts with label small business. Show all posts
Showing posts with label small business. Show all posts

Wednesday, May 19, 2021

Catalog browsing--Uline

I just love sitting down with the 800+ page Uline catalog. Oh sure, you can read it on line, but it brings back the memories of the old Sears and Roebuck, or the Montgomery Ward catalogs. Mom would give us the old one for craft and paper doll projects when the new one arrived. (Yes, and in the 40s some still used them for t.p.) The real name of the family is Uihlein, but it's been simplified for customers. Everything from pegboards to zippered partitions, from key holders to trash cans, from stretch wrap to label guns, from respirators to wall clocks. And the packages and tape to ship them. They've got boxes to ship your art, guitar, unicycle, dishes, wardrobe, wine, and drum set.

I've written about this catalog before. Collecting My Thoughts: Enjoying the Uline Catalog

Collecting My Thoughts: Thank you, Uihlein family

Liz, the president, writes interesting tidbits. In 2019 she compared Texas and California where they have companies, and California didn't look too good because of taxes, regulations, cost of living and gas prices. This year it's China, Covid and U.S. policy. She is very pro-American, and admits it's hard to compete with China, although about 20% of their products come from China. She says publicly held companies are too concerned about their stock share price and don't invest enough in new equipment and up date their plants. She liked Trump's support of American companies, and his "America First" philosophy. She wants a clearly defined policy because Democrats are trying to undo the lower taxes, increase in tariffs, Trump's new trade deals, and stopping the endless wars which were bad for security and the economy.

She writes, "America sorely needs a coherent, largely united trade policy. If we don't get this done, this century belongs to the Chinese."

You go girl--you make more sense than most of Congress.

Saturday, July 25, 2020

Bill DeBlasio is an open Communist

NYC Mayor Bill DeBlasio claims it's OK to quote Karl Marx, and says the business community doesn't matter so much, that he's concerned about the "working" people. Who do those people work for, other than the government? Restaurant owners--working people. Theater owners--working people. Hotel owners--working people. Tour companies--working people. Sports teams--working people.

In the early days of the Soviet Union, Lenin killed the Kulaks--if you even owned a cow, you were part of the bourgeoisie capitalist crowd. When Russia ran out of food, he blamed the lazy Kulaks. That's what DeBlasio is doing to the formerly great NYC.

https://nypost.com/2020/07/24/de-blasio-quotes-communist-karl-marx-in-nyc-radio-interview/

“Kathy Wylde, president of the Partnership for New York City, said that de Blasio “suggests that the business community somehow does not represent working people, which is an ideological position and not an accurate representation of our city’s highly diverse private sector.”

“This crisis is a moment to bring the people of New York together, not to divide them,” said Wylde, whose organization represents businesses that collectively employ 1.5 million New Yorkers.

Jay Martin of the Community Housing Improvement Program, which represents 4,000 building owners, accused de Blasio of having “done nothing to improve the living conditions of tens of thousands of [public-housing] residents.”

“He talks about a Marxist utopia and demonizes the very businesses that fund his progressive pet projects, while many of his constituents live without hot water because of his incompetence,” Martin said.”

Thursday, January 09, 2020

The booming Trump economy creates a labor shortage

So many Democrats believe Trump's economy talk and tweets are "spin." They whine, post stupid memes, and have no respect for people trying to get ahead after Obama's 8 years of slow growth (except for the rich--they did well after 2009). That's because Washington Post, NYT, CNN and MSNBC mislead the sheeple, or just lie.

From today's Wall Street Journal:

"The remarkable jobs rally at U.S. small businesses continued in December. That’s according to the latest National Federation of Independent Business monthly employment survey, due out later today.

NFIB’s Chief Economist William Dunkelberg reports:
Job creation did not change from November, with an average addition of 0.29 workers per firm, the highest level since May. Net job creation had faded from February’s 0.52 workers per firm to September’s 0.10, but is back in strong territory. Finding qualified workers remains the top issue for 23 percent reporting this as their number one problem, 4 points below August’s record high.

The desire to hire among the owners of small firms remained robust. According Mr. Dunkelberg, “The 2019 small business labor market ended in much the same way as it began with strong hiring, elevated levels of open positions, and higher employee compensation.” Speaking of rising wages, the NFIB economist notes: “Attempting to fill open positions, historically high percentages of owners plan to raise worker compensation.”
In some industries, the competition for labor is especially fierce.

NFIB reports:
Sixty-two percent of construction firms reported few or no qualified applicants and 46 percent cited the shortage of qualified labor as their top business problem. Comparable figures for manufacturing were 63 percent and 24 percent respectively. Growth is clearly constrained in these important sectors by a shortage of workers."

The Washington Post today got it half right--reported on the booming job growth, but then attributed it to rising minimum wage! How dumb does a business columnist need to be (or who is threatening him) to write that? Minimum wage is a huge deterrent to a healthy economy. Wages are going up because of labor shortage--workers are promoted and new ones hired at good salaries if they can walk and chew gum. It's not rocket science, except for MSM. A very small number of workers even in recession made minimum wage, most made more.

In 1980, when the federal minimum wage was $3.10 ($9.41 in 2018 dollars), 13% of hourly workers earned the federal minimum wage or less. Today, only 2% of workers do. The number of federal minimum wage workers has decreased from 7.7 million in 1980 to 1.7 million today. This is partly due to states establishing higher minimum wages than the federal level. I guess Democrats want more people to be earning minimum instead of less?  I don’t get it!

Thursday, May 30, 2019

Lori—from Obama to Trump

She had never paid much attention to politics, but did vote for Obama his first term.  From the WalkAway Facebook page.

“One of the things that appealed to us about Obama was healthcare. We had a child with pre existing conditions and were paying a $600 per month additional premium on him. We wanted Obamacare and not to have to pay that extra premium anymore. Well, what a lie that turned out to be. Not only did the extra premium not go away for our child with a pre existing condition, but we had to pay more every month and it has steadily increased ever since!

We became small business owners during Obama’s first term and this is what really started opening our eyes to Democrats not being good for small business. We were providing jobs but being taxed to death and providing affordable healthcare for our employees is almost impossible. We did not vote for Obama his second term mainly for business and health care reasons, but still did not wise up that the media had a liberal agenda. What woke me up to the lefts true agenda was the Media when Trump announced his candidacy. I could not understand why the media was so hateful towards him. I just couldn’t believe the hate and why wasn’t the media being neutral?! I could not stand to watch the news because if it. I became a supporter of Trump early on because I agreed with everything he was saying.”

Monday, October 01, 2018

Electric Mirror company is Christian and Pro-life

https://www.electricmirror.com/

I was watching a program on how a family owned business (7 years in the garage) can thrive and succeed with Christian values. I've never seen this product, although I haven't been looking. Made in America, Christian, pro-life. I found 2 locations that sell this in Columbus. Wish I needed a mirror! The Mischels filed an Amicus Brief in support of Hobby Lobby. They adopted their son Aaron whose 14 year old mother had been raped (her own mother attempted to get an abortion for her). Aaron is part of the business. No one could call him an unwanted child.

https://www.americanbar.org/content/dam/aba/publications/supreme_court_preview/briefs-v3/13-354-13-356_amcu_em-etal.authcheckdam.pdf

https://www.electricmirror.com/american-story-sharing-american-dream/

“Over the years, President Jim Mischel, Executive Vice President Aaron Mischel and the Mischel family have chosen a variety of not-for-profit organizations to be recipients of financial support from Electric Mirror. These vital groups focus on health and wellness for people with serious diseases; provide food and shelter to orphans and widows; rescue victims of sex trafficking; foster stability and prosperity for the poor and homeless; and help those hit hardest by natural disasters.”

Thursday, August 16, 2018

A business lesson for socialists

A good business lesson for socialists and for those who work as teachers or in government or in academe or for "non-profits" and have never examined who or what is a business or a capitalist.

https://townhall.com/columnists/laurahollis/2018/08/16/a-business-lesson-for-socialists-n2510256

“The article is constructed on one flawed assumption after another.

First, the authors seem to be equating business with huge multinational corporations. But most businesses in the U.S. are small. The U.S. has approximately 28 million firms. Of those, about 21 million -- nearly 80 percent -- employ no one but the owner(s). Of the remaining 7 million companies, the vast majority employs fewer than 20 people. Further, most businesses in the U.S. aren't incorporated, but of those that are, fully 80 percent are small, closely held corporations owned and operated by families.”

Wednesday, October 12, 2016

Reading the small print of the party platforms--Rogue Agency

About that rogue agency Obama created which advances big banks (supporting Hillary): it should be abolished regardless of which party takes the White House. . .  p. 3 Republican Platform

"Community  banks  are  essential  to  ensuring small  businesses  have  easy  and  affordable  access to the capital they need to grow and prosper. Community banks should be relieved of excessive
regulations. We support removing roadblocks and regulations that prevent access to capital.

The  worst  of  Dodd-Frank  is  the Consumer Financial Protection Bureau, deliberately designed to be a rogue agency. It answers to neither Congress nor the executive, has its own guaranteed funding
outside  the  appropriations  process,  and  uses  its  slush fund to steer settlements to politically favored groups.

Its Director has dictatorial powers unique in the American  Republic.  Its  regulatory  harassment  of local and regional banks, the source of most home mortgages  and  small  business  loans,  advantages big banks and makes it harder for Americans to buy a home. Its one-size-fits-all approach to every issue threatens the diversity of the country’s financial system and would leave us with just a few enormous institutions, as in many European countries.

If the Bureau is not abolished, it should be subjected to congressional appropriation. In that way, consumer protection in the financial markets can be advanced through measures that are both effective and  constitutional.  Any  settlements  arising  from  statutory violations by financial institutions must be used  to  make  whole  the  harmed  consumers,  with any remaining proceeds given to the general Treasury.  Diversion  of  settlement  funds  to  politically connected parties should be a criminal offense."

Thursday, April 24, 2014

ACA affects employment expansion

A new survey demonstrates the Affordable Care Act's negative impact on employment. According to the Journal, "nearly half of small-business owners with at least five employees, or 45% of those polled, said they had had to curb their hiring plans because of the health law, and almost a third—29%—said they had been forced to make staff cuts, according to a U.S. Bancorp survey of 3,173 owners with less than $10 million in annual revenue that will be released Thursday." WSJ editorial, April 24, 2014

“As part of its "Faces of the Affordable Care Act" multimedia feature, the Journal is profiling two small businesses—T. Cain Grocery Inc. of Fairhope, Ala., and retail and wholesale bakery Ovenly LLC of Brooklyn, N.Y.—and it will revisit them periodically to update readers on critical decisions they face or have made as they cope with the law.”  WSJ report

Saturday, October 19, 2013

It’s not about the botched rollout

Only the most die-hard Obama fans think Obamacare is about health care for the poor or those with pre-existing conditions (a very small fraction of the population). The informed on both the right and left know this is another government scheme to redistribute wealth, so the left loves it, and the right hates it. With this White House it may even be a method to pay off the rich fat cats who helped Obama (the ones he loves to publicly vilify), since only the stock market has been doing well since the recession "ended" in 2009. Small and medium size businesses, the real engine of the economy, are struggling with over regulation and Obamacare is just another pillow on their faces.

In 2007, the Census data shows 79.7% of employment was in establishments with fewer than 500 employees, while ADP shows that 83.1% of employment was in "businesses" with fewer than 500 employees. http://www.businessweek.com/smallbiz/content/nov2009/sb20091112_157141.htm

Friday, October 07, 2011

Repeal the Death Tax--from 0 to 35% in 2011


"America’s family businesses and farmers were hit by a large estate tax increase, from 0% to 35%, at the beginning of 2011, making planning and passing on farms and businesses to the next generation even more difficult. As it stands, more than 70% of family businesses do not survive to the second generation, and a full 90% of family businesses do not survive to the third. In 2011, the political landscape has changed but family businesses are still struggling, family farms are liquidating, and even more jobs are at stake."

I didn't realize the death tax had made such a comeback. Why does the Obama administration hate small businesses and farmers so much? Easy. They are the backbone of the economy, and he wants it to collapse. So when conservatives say we want him to fail, we mean we don't want him to collapse the economy with oppressive taxes and regulations that destroy businesses and jobs.

My mother and her siblings inherited their parents' farms in Illinois and Iowa when they died in 1963 and 1968, however, the taxes then were so oppressive, most of the land had to be sold in order to pay the taxes.

"As part of the tax deal struck at the end of 2010, Congress set the death tax at 35 percent with a $5 million exemption for 2011 and 2012. The death tax did not apply in 2010 because the 2001 and 2003 tax relief abolished the harmful tax. Even though the death tax is resurrected, the new rate and exemption levels represent a substantial improvement from where the death tax was in 2000 before the tax cuts: 60 percent with just a $1 million exemption. Despite the positive advances the death tax is back in place and therefore has resumed destroying jobs and slowing the economy."

Death Taxes

Thursday, April 21, 2011

Ohio among top 15 for favorable tax climate for small business

I’m surprised that Ohio is #9 -- it doesn’t feel like we’re a good state to draw business, but then there are 18 measures, some of which I don’t know much about.
The Small Business & Entrepreneurship Council’s (SBE Council’s) “Business Tax Index 2011” ranks the states from best to worst in terms of the costs of their tax systems on entrepreneurship and small business. The Index pulls together 18 different tax measures, and combines those into one tax score that allows the 50 states and District of Columbia to be compared and ranked.

The 15 best state tax systems are: 1) South Dakota, 2) Texas, 3) Nevada, 4) Wyoming, 5) Washington, 6) Florida, 7) Alabama, 8) Alaska, 9) Ohio, 10) Colorado, 11) South Carolina, 12) Mississippi, 13) Oklahoma, 14) Virginia, and 15) Missouri.

The 15 worst state tax systems are: 37) Illinois, 38) North Carolina, 39) Nebraska, 40) Connecticut, 41) Oregon, 42) Rhode Island, 43) Hawaii, 44) Vermont, 45) California, 46) Maine, 47) Iowa, 48) New York, 49) New Jersey, 50) Minnesota, and 51) District of Columbia.

Wednesday, July 28, 2010

Call it anything you want, but it's still a tax increase

We got this from AIA today--just one of the many sneaky increases all businesses and private individuals will be getting in 2011 and 2012. This administration is a disaster, folks. Now I ask you, what business doesn't spend more than $600 to purchase goods and services? Obama says he wants to help small business, but he does everything he can to thwart them because he knows they are the backbone of a market, entrepreneurial economy. Even Apple and Microsoft were once small. No one goes into business to fail.
    Effective 2012, architecture firms and other small businesses may be hit with a dramatic and unnecessary increase in paperwork and tax forms. If the current law takes effect, any company that makes payments of $600 or more to purchase goods or services from any vendor will be required to file a 1099 MISC tax form to report the transaction. In short, your business will need to complete this form for virtually every service or piece of equipment it purchases. Many firms, especially small businesses, will suffer disproportionately under these rules. But now we have a chance to stop this law from taking effect. Sen. Mike Johanns (R-NE) has offered an amendment to a small business bill, which is currently being debated in the Senate, that would repeal this requirement. The amendment could be subject to a vote as early as today, July 28. We urge you to contact your Senators and tell them to repeal the 1099 paperwork requirement.

Saturday, June 19, 2010

Freedom and liberty and myths

Most of my years were lived out in the 20th century. I grew up in a household with a liberal mother (liberal in the classical sense of the word, not the pejorative it has become), and a conservative father who owned a small business (first he worked for Standard Oil to learn the business, then became a partner with an older man in coal which was losing out to fuel oil to have the financial backing he needed, then bought out his partner and became a sole owner). Both of my parents attended Mt. Morris College (merged with Manchester in 1932), as did my mother's parents, my father using a Polo, IL charity and his athletic skills, my mother using her parents' dwindling resources. The town Mt. Morris in which my parents lived, went to college, and supported my father's little business had a thriving printing industry at one time begun by two young brothers in the early 20th century, the Kables. It then was unionized (don't know the dates), then was bought by a larger corporation, then was struck down by a union strike in the late 1970s, from which it has never recovered. The smaller publishing and fulfillment companies which grew up around the printing industry, eventually left too, as the town voters turned down bond issues and highly qualified and educated people left for greener, freer pastures, all of which will live out that same cycle. 1) Entrepreneurial start up based on a good idea at the right time, 2) thriving growth, 3) unionism, 4) increased government regulations, 5) stagnation and strikes, 6) outsourcing to less regulated area to avoid the unions, either in the U.S. or abroad, and finally, get-out-of-town-shut-it-down.

I never heard my parents argue about politics--he voted Republican, she voted Democrat, so for 65 years they crossed out each others votes. The fact that I didn't hear it, doesn't mean it didn't happen. After all, I left home when I was 17 (went to California after graduation to work in a church program, and then in the fall went away to college). From then on I was a visitor and we talked about other things--town issues, grandchildren, grandparents, health, etc. I followed Mother's path and voted pretty much a straight Democratic ticket until the 2000 presidential election, although for local and state elections I voted for what ever name recognition the candidate had.

During my parents' lifetime and my own, however, there were vast changes in our political, economic and religious life. They lived through two world wars, the Great Depression, Korea, Vietnam and various smaller conflicts. We had just celebrated our 40th anniversary in my father's home on Sunday when 9/11 happened on Tuesday. And during their lifetime and mine, the definitions of freedom and liberty were gradually changing. It used to mean, and this was before my time, freedom from the coercion of the state, but has evolved to mean freedom from need, from want, from lack, and especially from competition to be better or the best.

My chosen career, library science, is pretty much a profession owned and controlled by the state. Yes, there are a few private companies that employ librarians, but for the most part it is top to bottom state run and regulated. Librarians like to talk about "freedom to read" and that public libraries are "the university of the people" but that's another freedom myth, one that has been subject to the redefinition of that word. Librarians, whether public or academic, vote overwhelmingly Democratic--223 to 1--in the 2004 election. That fact alone makes the profession more liberal than Hollywood, more liberal than the ACLU. This is the result of a mindset of "we know what's best for you" and it's in all levels of government from your local zoning board, to the school board, to the state department of transportation all the way up to the Oval Office. This is why I say book banning begins in the back room of the library where "acquisition" takes place, not at the point where an irate parents comes in and complains about a sex scene in a child's book. It also explains why librarians did not invent the world wide web, Google, or any of the "tools" that are now putting them in unemployment lines. Even with all that information at their finger tips, all library innovation is dependent on government grants and regulations, not competition for ideas or investors or entrepreneurship.

The redefinition of freedom is taught throughout the public school curricula and the Sunday Schools and pulpits of mainline Protestantism. As poor as Haiti is, the private school where my husband volunteers has a classical, liberal (in the true sense) curriculum that would put ours to shame. It exists even in the "required" volunteerism component now included in most schools' college-bound tracks. In many churches, the message from the pulpit is not about freedom in Christ, but that redefined freedom that the government offers us, freedom from the need to work or be sexually chaste, freedom from saving enough for a 20% down payment on a mortgage, freedom from hunger or poor housing, freedom from having to wait for a new car until you can afford it, freedom from renting, freedom from having borders or fences that keep other people out, etc.

Planned economies promise such freedoms, usually by taking from someone who has and giving it to someone who has not. That's what President Obama offers us (following a long line of 20th century presidents), offered us this past week in his martial "words of war" against not just British Petroleum, but our whole way of life based on fossil fuels. Make no mistake, planned economies, including the newer "green" cap and trade plans, the top down, dictator/czar/president knows best, always end badly. The leftists among us advising the President are urging Obama to become a dictator, a communist--even using those words (they don't even hide it with squishy "progressive" language).

With all their faults and up and down business cycles, capitalism and corporate monopolies have never put in place plans that resulted in the deaths and imprisonment of millions and millions of their "customers" in the way that the planned economies of Germany, the Soviet Union, Communist China, and North Korea have murdered upwards to 100,000,000 of their own citizens.

It's a really high price to pay for "freedom," don't you think?

Thursday, April 15, 2010

How important are small businesses?

Today my husband attended an all day continuing education program to keep up his architectural license--got 4 credits and lunch. He saw a lot of guys he knew when he was a partner in a small firm (Feinknopf, Macioce, Schappa). They were all out of work. A "small business" is one with fewer than 500 employees. Architectural firms usually run about 15-20 if they are "big." The big firms are scrambling and eating up the smaller jobs they used to ignore just to keep their staff. Most small businesses are unincorporated, so business income is treated as personal income. This means Obama's plan to tax the high income earners (the top 1% pay 71% of the taxes) hit small businesses the hardest. So while 47% of Americans are paying nothing or getting big tax credits once a year on government payday, they are are helping to kill small businesses which are what usually lead the way out of recession.

How important are small businesses to the U.S. economy?

Small firms:
• Represent 99.7% of all employer firms.
• Employ just over half of all private sector employees.
• Pay 44% of total U.S. private payroll.
• Have generated 64% of net new jobs over the past 15 years.
• Create more than half of the nonfarm private gross domestic
product (GDP).
• Hire 40% of high tech workers (such as scientists, engineers, and computer programmers).
• Are 52% home-based and 2% franchises.
• Made up 97.3% of all identified exporters and produced 30.2% of the known export value in FY 2007.
• Produce 13 times more patents per employee than large patenting firms; these patents are twice as likely as large firm patents to be among the one percent most cited.

Source: U.S. Dept. of Commerce, Bureau of the Census and International Trade Admin.; Advocacy-funded research by Kathryn Kobe, 2007 (www.sba.gov/advo/research/rs299tot.pdf) and CHI Research, 2003 (www.sba.gov/advo/research/rs225tot.pdf); U.S. Dept. of Labor, Bureau of Labor Statistics.

Did you ever ask yourself in 2008 just what Obama wanted to transform this country into?

Saturday, November 07, 2009

Neal Boortz and Carrington Automotive Enterprises

I've never heard talker Neal Boortz, but an interesting, not-credited story about the Carrington Automotive Enterprises employees' meeting turned up in my mailbox today. I always research these things if they have a smidgen of truth, and find that if they are travelling at the speed of light in blogdom, there's a good chance the attribution is incorrect or fictional. This one was fictional, but it came from Boortz' column where he confirms it is a story or parable told to point out a truth. Here it is, Just a little company get together
    "Carrington Automotive Enterprises is what we call a Sub-S - a Subchapter S corporation. The name comes from a particular part of our tax code. Sub-S status means that the income from all 12 of our stores is reported on my personal tax return. Businesses that report their income on the owner's personal tax return are referred to as "small businesses." So, you see now that this $534,000 is really the total taxable income - the total combined profit from all 12 of our stores. That works out to an average of a bit over $44,000 per store.

    Why did I feel it important for you to see my actual 2008 tax return? Well, there's a lot of rhetoric being thrown around today about taxes, small businesses and rich people. To the people in charge in Washington right now I'm a wealthy American making over a half-million dollars a year. Most Americans would agree: I'm just another rich guy; after all ... I had over a half-million in income last year, right? In this room we know that the reality is that I'm a small business owner who runs 12 retail establishments and employs 187 people. Now here's something that shouldn't surprise you, but it will: Just under 100 percent ... make that 99.7 percent of all employers in this country are small businesses, just like ours. Every one of these businesses reports their income on a personal income tax return. You need to understand that small businesses like ours are responsible for about 80 percent of all private sector jobs in this country, and about 70 percent of all jobs that have been created over the past year. You also need to know that when you hear some politician talking about rich people who earn over $200,000 or $500,000 a year, they're talking about the people who create the jobs." . . .

    "Right now the Democrats are pushing a nationalized health care plan that, depending on who's doing the talking, will add anywhere from another two percent to an additional 4.6 percent to my taxes. If I add a few more stores, which I would like to do, and if the economy improves, my taxable income ... our business income ... could go over one million dollars! If that happens the Democrats have yet another tax waiting, another five percent plus! I've really lost track of all of the new government programs the Democrats and President Obama are proposing that they claim they will be able to finance with new taxes on what they call "wealthy Americans."

    And while we're talking about health care, let me explain something else to you. I understand that possibly your biggest complaint with our company is that we don't provide you with health insurance. That is because as your employer I believe that it is my responsibility to provide you with a safe workplace and a fair wage and to do all that I can to preserve and grow this company that provides us all with income. I no more have a responsibility to provide you with health insurance than I do with life, auto or homeowner's insurance. As you know, I have periodically invited agents for health insurance companies here to provide you with information on private health insurance plans. The Democrats are proposing to levy yet another tax against Carrington in the amount of 8 percent of my payroll as a penalty for not providing you with health insurance. You should know that if they do this I will be reducing every person's salary or hourly wage by that same 8 percent. . . "

    "Let's be clear about this ... crystal clear. Any federal tax increase on me is going to cost you money, not me. Any new taxes on Carrington Automotive will be new taxes that you, or the people I don't hire to staff the new stores I won't be building, will be paying. Do you understand what I'm telling you? You've heard about things rolling downhill, right? Fine .. then you need to know that taxes, like that other stuff, roll downhill. . . "

    "Most Americans don't realize that when the Democrats talk about raising taxes on people making more than $250 thousand a year, they're talking about raising taxes on small businesses. The U.S. Treasury Department says that six out of every ten individuals in this country with incomes of more than $280,000 are actually small business owners. About one-half of the income in this country that would be subject to these increased taxes is from small businesses like ours. Depending on how many of these wonderful new taxes the Democrats manage to pass, this company could see its tax burden increase by as much as $60,000. Perhaps more."
Read the whole thing--truth is stranger than fiction, and in this case, fiction is truth.

HT Bill L.

I looked at Boortz's bio, and in addition to being a libertarian and a lawyer, he says this as his creds for knowing something about small business: "During his 40 years in talk radio Neal managed to find other things to do to supplement his meager talk radio income. Prior to practicing law Neal could be found working as a jewelry or carpet buyer, selling life and casualty insurance, loading trucks, slinging mail at the post office, working in an employment office, writing speeches for the Governor of Georgia and auditing the books overnight at a sleazy motel. Neal was 47 years old before he ever had less than two jobs. At his peak he had six."

Friday, November 06, 2009

One man's tool is another man's tax

From AIA [American Institute for Architects] Angle, November 5, 2009

"Three weeks after AIA Board member Mickey Jacob, FAIA, testified before the House Small Business Committee about the AIA's plan to rebuild and renew the economy, the U.S. House of Representatives overwhelmingly approved legislation designed to help small businesses weather the economic storm.

The Small Business Financing and Investment Act (HR 3854) includes several provisions designed to achieve the goals of the AIA’s Rebuild and Renew Plan for Long-term Prosperity that Jacob unveiled at the hearing. Among other things, the bill would expand eligibility for Business Stabilization Loans established under the American Recovery and Reinvestment Act (ARRA) and increase the maximum loan size from $35,000 to $50,000. It also would streamline paperwork for the loans; in his testimony, Jacob cited the extensive amount of paperwork required to access Recovery Act programs and funding.

As the bill was being debated on the House floor, more than 1,000 AIA members contacted their members of Congress and encouraged them to vote in favor of the legislation. The bill eventually passed with wide bipartisan support by a vote of 389-32.

“For small architecture firms, the ability to access short-term lines of credit can mean the difference between survival and liquidation. In this economic crisis, too many firms have faced the horrible choice of having to lay off staff or going without pay in order to keep their doors open,” Jacob told the committee in early October. “Architects aren’t looking for bailouts; they need tools that help them and their clients create jobs through new building projects."

“The Small Business Financing and Investment Act is one key plank in our Rebuild and Renew Plan for Long-term Prosperity. Now Congress and the administration need to ensure a steady flow of credit to the real estate industry and enact policies that empower architects to design livable, sustainable, and vibrant communities," said Andrew Goldberg, Assoc. AIA, senior director, AIA Federal Relations.

During the debate, an amendment was offered that would have stripped the bill of many of its key provisions. The AIA Federal Relations team, while working with the Small Business Committee staff, used the AIA’s vast grassroots network in an effort to defeat the amendment. Within hours, the amendment’s sponsor officially withdrew the amendment.

The bill will now head to the U.S. Senate, and the AIA is organizing a similar grassroots effort to ensure the bill receives bipartisan support and can be signed into law."

And this doesn't begin to count the green bills AIA is supporting. Clap and Trade will kill Ohio's economy--we don't have much sun or wind, and no one seems to want our nuclear plants. Coal, of which we have an abundance and which can be made clean and efficient, has been demonized by the environmentalist earth worshipers. Imagine having to pass out the bacon not only to states but also professions and non-profits, all with "vast grass roots networks." Legislators must go crazy.

Friday, October 30, 2009

Sweet memories--white cake and one car

Ah, the memories I cherish of the Tremont Goodie Shop. When the children were small and we had only one car, I'd call my husband about 4:30 and suggest he swing by the Goodie Shop on the way home and pick up the 7" double layer, cream filled white cake with coconut frosting. On Saturdays we'd stand in line with our neighbors, sometimes all the way out the door and into the shopping center, for warm cinnamon bread, or frosted, melt in your mouth, sugar cookies in the shapes for the season. Some items you had to reserve ahead. On really, really special days when I was having a chocolate attack, I'd slip in and buy 2 fat chocolate eclairs, and divide them for the evening dessert for the four of us. On birthdays (3 days apart) even when our children were grown and living in their own homes, it would be a cake from the goodie shop with their names and fall decorations.

Birthdays 1996

So when the Goodie Shop closed this fall due to the recession and rising costs, it was a terrible shock. I hadn't been there in years, but it was like hearing an old friend you'd lost touch with had died.

But a former owner and volunteers from the community have come to the rescue--and the Goodie Shop is back in business!
    "Just in time for Halloween, fans of the Tremont Goodie Shop can look forward to the reopening of the longtime Tremont Center establishment.

    The shop, which closed just before Labor Day after 54 years in business, is scheduled to reopen on Oct. 26. Debbie Smith, who previously ran the family business for 13 years, acquired much of the shop's equipment during a Sept. 27 auction.

    The Goodie Shop opened in 1955 by original owner Bill Wood, who sold the business to James Krenek (Smith's father, who passed away in 2007) in 1967. After her father retired, Smith ran the Goodie Shop from 1993 until 2006, when Smith's sister and brother-in-law, Doraine and Paul Cooper, took over.

    The Coopers cited increased supply costs and declining sales due to the economy as the reason that the business closed.

    A groundswell of community support has arisen since the Goodie Shop closed. Dozens of loyal customers from all over the country have posted comments on a Facebook page created by Smith's daughters, indicating how much they miss the Goodie Shop and would like for it to reopen.

    Prior to the Goodie Shop's official reopening on Oct. 26, Smith plans to hold an open house at 9 a.m. on Oct. 24."

Friday, October 02, 2009

Karen starts a business

At her blog, Some have hats, she explains it:
    So by the end of the month, Chris and I will own a small (very small) business. A friend asked me if we'll be hiring and I laughed the Big Laugh. We will not be doing any firing either. We will be working. Those jobs that usually go to college kids? We'll be doing them. The jobs that go to people who have families to feed? We'll be doing them, too. Because we've got kids to feed and the business is only breaking even.

    Now, we're going to work very hard to try to make the business profitable, but in the present economy ... with unemployment numbers continuing to rise ... it's going to be hard to find people with money to spend. So, no we will not be hiring.

    You know why else? Because the Tyrant-in-Chief is going to sock us with a penalty if we don't provide health care for our employees. Here's some simple math: business is breaking even. We (a) provide health care for new employees or (b) get socked with a penalty ... then business is losing money. Soon, we'd have to fire the skeletal staff we have. Which means -- are you with me so far -- the unemployment figures go up even higher.

    I have all sorts of ideas for how to expand the business, which would mean we could hire some of the many unemployed people, but if we expand enough to make a significant profit, we'll find ourself in the "spread the wealth" tax bracket, wherein we'd probably make about the same amount of money that we would if we did much less work. (Who is John Galt?) You can read the rest of the story at Some have hats.

Monday, September 28, 2009

A model for the White House?

We've all heard the stories about the White House czars--no vetting, no accountability except to Valerie Jarrett. Obama's never run a business, never met a payroll, knows nothing about the difference between billion and trillion. Today the WSJ had a feature section on outstanding small businesses. Not that the federal government is small, but I think I saw one that was a good model for Valerie--I skipped over the businesses that featured buzz words like "teamwork," great perks, and open communications, and zero'd in on Mike's Carwash of Indianapolis. It's been around for 60 years, and I think their hiring practices are something I could recommend to both Governor Strickland and Ms. Jarrett. Mike's Car Wash has 437 FTE--261 full time employees and 352 part time. Here's how Mike's provides stellar service and stays in business: it hires the right people, then provides heavy training and when they work out THEN they get the perks as incentives.

Only one out of 100 applicants get hired.
Each candidate is interviewed by two people.
Testing of candidates finds those with strong social and reasoning skills.
Candidates are drug tested.
Managers are trained to spot the red flags of substance abuse.

Then once they've found the right people, vetting even the lowly entry level people, they have heavy training, education reimbursement (great PT job for college kids), profit sharing and incentive plans.

USAToday also had a smaller feature on small businesses today. We all know that small business is where the recovery lies--not higher taxes on the people who create wealth and employ other people. Someone show this to the President--or better, to Valerie.

Thursday, September 10, 2009

Republicans--hopeless or helpless?

Although I never voted for George H.W. Bush, I thought Republicans were silly to toss him over for the "no new taxes" broken promise. Obama started breaking promises from the get-go, and our brave, proud media have scarcely batted an eyelash, nor his loyal supporters. Was it Jan. 21 that he raised taxes on the poor with that huge cigarette tax increase? Do you know a single rich guy who smokes hurt by that? Everything he's done in the last 7 months has either intentionally, or unintentionally hurt the economy. The rich can just ride it out. Republicans in Congress still look like idiots. If they can't make a difference because of their small numbers, they could at least stand on principle.

Yesterday I read in our local paper about a closing of a small bakery business--53 years old. Not only that, but the owners have also lost their home. I feel badly because I used to go there all the time when we lived on Abington, but I've probably only stopped in once or twice in the last 7 years. Their cakes, cookies and bread were to die for. The line to get things before an OSU football game went outside the door when my kids were little. The number of times I'd call my husband at work about 4:45 and ask him to swing by there and bring a dessert home--ah, I'm salivating.

The savings rate is up; that's good. But when people don't buy those little extras, and in this case the business employed about 20 people, everyone in the local community is hurt, the city gets fewer taxes, the state gets less, and the U.S. gov't, which thought the owners were "rich" will really get less. So then Obama will raise our taxes to make up for what he can't get from the "rich."

"When's the last time a poor person gave you a job" may be a cliche, but it is oh so true, and investment came to a screeching halt last July when the business world could see who would be the next president, a man very hostile to capitalism.