Aug 25, 2012
If anyone tells you that ending the Bush tax cuts for the richest 2 percent would hurt job creation, tell them to talk with me
In 1993, we lost much of our business as a result of the supposedly job-creating NAFTA trade agreement as large brands sought out the cheapest labor costs they could in Mexico.
We decided to stick it out and keep good jobs right here in North Carolina. We invested in new technologies that reduced our energy and waste costs. We found new markets for our t-shirts. (and they have been very successful with this approach).
You’d think the economic meltdown and large budget deficit would have shown that giving tax breaks for the best-off Americans makes them richer – it doesn’t pay for itself, it doesn’t trickle down and it doesn’t create jobs, at least not in America.
I know firsthand that investment is the key to keeping my business healthy. I know that the taxes I pay allow the government to reinvest in teachers, roads, clean water and other infrastructure and services that my business depends on to succeed.
As a small business owner, taking money from the budgets of families struggling to make ends meet and giving it to the most prosperous families won’t help my business or our economy. Instead it will continue us down the path of subsidizing the already well off instead of making the investments in our economy and our people that truly strengthen our nation and our homegrown jobs.
To read this entire article, written by a successful small businessman who recognizes the conservatives’ economic plan as a bunch of hooey, please click here.