Jobs and taxes
This is in response to your June 8 editorial "Mixed News: The Latest Jobs Report Comes With Several Cautions."
According to the Office of Advocacy at the U.S. Small Business Administration, approximately 65 percent of all new jobs are created by small businesses.
According to Americans for Tax Reform, approximately two-thirds of all small business profit goes to people whose income is above $250,000.
According to every economics textbook, whatever you tax, you get less of.
President Obama is planning to raise taxes on people whose incomes are above $250,000. Since these "rich" people create most of the new jobs, and since Obama wants to raise their taxes, it should come as no surprise that the unemployment situation is as bad as it is.
You cannot help the unemployed by punishing the people who create jobs.
DANIEL D. ALMAN
Squirrel Hill
According to the Office of Advocacy at the U.S. Small Business Administration, approximately 65 percent of all new jobs are created by small businesses.
According to Americans for Tax Reform, approximately two-thirds of all small business profit goes to people whose income is above $250,000.
According to every economics textbook, whatever you tax, you get less of.
President Obama is planning to raise taxes on people whose incomes are above $250,000. Since these "rich" people create most of the new jobs, and since Obama wants to raise their taxes, it should come as no surprise that the unemployment situation is as bad as it is.
You cannot help the unemployed by punishing the people who create jobs.
DANIEL D. ALMAN
Squirrel Hill