Kinsley on Small Business Tax Cuts

Senor Kinsley Has A Problem With "Small Business" Tax Cuts

A very interesting column by Michael Kinsley. Apparently, GW gave a speech at a successful "small business" last Monday. That business was MCT Industries.

Now, Mr. Kinsley's problem with the speech is that he feels that giving tax breaks to entrepreneurs is a bad idea. They don't need it.

In a fascinating bit of logic, Kinsley figures this out all by himself based on the facts that A) MCT Industries is, gasp, SUCCESFUL! It somehow made it by WITHOUT the tax cuts. Ergo - no small business need to keep its own money. And B) MCT Industries has many government contracts. Horror! Since MCT Industries is paid by monies collected through taxation, that means that only through taxation could it be successful. Ergo - no other business (i.e. those without gov't contracts) needs to keep its own money for profit or reinvestment.

Gotta love the way they think, don't ya?

The Fabulist - Bush's absurd obsession with small business. By Michael Kinsley

The myth of small business is one of the more ridiculous bipartisan superstitions that influence government policy. Small businesses, by their nature, come and go. They create more jobs than big businesses and wipe out more jobs, too. Any small-business owner burdened by high taxes is, by definition, more affluent than the typical big-business owner, who is an ordinary working American with an interest in a retirement fund. Small businesses are swell. But special favors for small business make no sense in terms of either fairness or prosperity.