How I Plan To Spend The Small-Business Tax Break President Obama Has Proposed To Congress

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Official portrait of President-elect Barack Obama

Image by stevegarfield via Flickr

Recently, Paul Krugman wrote in response to President Elect Barack Obama’s planned tax-breaks for small businesses that

First, Mr. Obama should scrap his proposal for $150 billion in business tax cuts, which would do little to help the economy. Ideally he’d scrap the proposed $150 billion payroll tax cut as well, though I’m aware that it was a campaign promise.

Dr. Krugman thinks that I’ll just horde the money away – well guess what …

That’s just not true!

Here’s what I will spend all money generated from either tax breaks or energy savings:

I would purchase new treatment tables for the remaining rooms that need them, I would purchase furniture for our relaxation lounge for our clients to have lunch or dinner at and I would send our department managers for additional advanced training.  That money would go directly back into business building tactics and because we would be using it to purchase equipment and necessary supplies, it would help stimulate the economy.

So Mr. Krugman please think more clearly and consider what you are really recommending and how it will effect the small business owner and it’s employees……..

Obama’s Proposed Tax Cuts Total $300 Billion

About the Author:

I serve on and support several community charity committees as I believe it’s important to give back. In my spare time I love hiking and fishing in the Adirondacks, equestrian sports and thoroughbreds, fine wine, skiing, golf, and traveling to distant locations. I also love early mornings in the gym exercising, pilates, my dog, cooking, and sharing time with my husband and two children, good friends and family.