Obama Administration Declares War on Franchisors and Subcontractors

In a series of unilateral moves, the Obama administration has been introducing an entirely new regime of labor law without benefit of legislation, upending decades’ worth of precedent so as to herd as many workers into unions as possible.

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Who built this?

Can you answer this question about profits?

Assuming that a company operates 365 days a year, here’s a question about profits: How many days of sales in a calendar year does it take to cover all of a company’s annual expenses (labor, rent, cost of goods, utilities, property taxes, income taxes, interest payments, advertising, etc.), and then how many days of sales would represent the company’s profits?

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ANSWER: The typical US firm doesn’t earn a profit until sometime in December, and often it’s the end of the month

It no longer matters if you are a legal business or not: If the DOJ doesn't like you, they will close your bank account

...why has the press been barely interested in a far more troubling development, namely Eric Holder's U.S. Department of Justice using pressure on the financial system to conduct "a massive government overreach into private businesses that are operating within the law," which has been going on for at least a year? Welcome to "Operation Choke Point."

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California Seeks Retroactive Taxes From Business Owners

NEWSMAX

“How would you feel if you made a decision, which was made four years ago, you absolutely knew was legally correct and four years later a governing body came in and said, ‘no, it's not correct, now you owe us a bunch more money. And we’re going to charge you interest on money you didn't even know you owed,’” San Francisco entrepreneur Brian Overstreet told Fox.

President Obama has imposed over 6,000 new regulations on businesses in just 90 days

This doesn’t even begin to address the massive amount of regulations imposed over the last 4 years.

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Did you know...

"If you’ve got a business -- you didn’t build that. Somebody else made that happen" -- Obama (7/14/12)

Why they leave

"Business leaving the City of Los Angeles for a nearby county can save up to 20% in costs while moving to another state can save up to 40% in costs."

Companies Continue to Leave Anti-Business California in Record Numbers to Save 40% in Costs

This is my home state. I've watched liberals ruin it. I continue to watch idiots vote for them.

UPDATE:

“You are kidding yourself if you think you can be one of the highest-taxed states in the nation, have a reputation for being anti-business -- and have a rosy economic future.”

-- Gov. Cuomo on Oct. 17, explaining why he intends to keep his campaign vow and oppose new taxes for New York, including the “millionaires tax”

The shocking costs of running a small business

Austan Goolsbee Obama chief economic adviser leaving, Citizen Wells commenters on small business problems, Obama economic failures

From commenter Jonah:

Our family has owned a business for almost 40 years. I started paying the bills for the business about 7 years ago and I was alarmed to learn the cost to run a business.

OUR SMALL BUSINESSES PAYS:

FEDERAL INCOME TAX
STATE INCOME TAX
FEDERAL UNEMPLOYMENT TAX
STATE UNEMPLOYMENT TAX
7% SOCIAL SECURITY TAX FOR EMPLOYEES
(this is in addition to the 7% the employee gives the government)
PROPERTY TAX
PERSONAL PROPERTY TAX
UTILITY TAXES ON GAS, ELECTRIC, AND PHONE
GASOLINE TAX
SALES TAX TO THE STATE FOR EVERYTHING WE SELL
APROXIMATELY 7% SALES TAX ON EVERYTHING WE BUY

PLUS WE PAY:

MEDICAL INSURANCE
AUTO INSURANCE
PROPERTY INSURANCE
LIABILITY INSURANCE
WORKMAN’S COMP
VARIOUS LICENSES AND PERMITS

...I’m sure I’ve forgotten a few things.

THE GOVERNMENT GETS MORE OF OUR MONEY THAN WE DO!

Wisconsin "Black List" threatens citizens and business owners

Just in from a friend:

A cousin in Madison, WI sent the following. Please join me in praying for her and her husband, all the people in Wisconsin and the USA.

It is almost scary to go anywhere near the Capitol here. The mayor even asked for the police to stand down so forget it if you don't support the union. There is a black list out also if you are a business and you might have even given any money to Scott Walker's campaign. People are getting calls on who they support and if they don't say the union something happens to your house or your business is boycotted. All sorts of laws are being broken, but as long as it is in support of the union....well then it's ok. The paper and all the local tv news stations are left winged. Thank goodness for channel 1310, which is our conservative channel here.

Business owners: here's what will happen to you if you piss HIM off

(And you now know just HOW pissy he can get): New Cybersecurity Bill Gives Obama ‘Power To Shut Down Companies’

Businesses who don’t follow government orders would be suspended for at least 90 days with no congressional oversight.

How to Destroy American Jobs

Deep in the president's budget released Monday—in Table S-8 on page 161—appear a set of proposals headed "Reform U.S. International Tax System." If these proposals are enacted, U.S.-based multinational firms will face $122.2 billion in tax increases over the next decade. This is a natural follow-up to President Obama's sweeping plan announced last May entitled "Leveling the Playing Field: Curbing Tax Havens and Removing Tax Incentives for Shifting Jobs Overseas."

The fundamental assumption behind these proposals is that U.S. multinationals expand abroad only to "export" jobs out of the country. Thus, taxing their foreign operations more would boost tax revenues here and create desperately needed U.S. jobs.

This is simply wrong. These tax increases would not create American jobs, they would destroy them.

Obama's proposals for increasing the tax burden on U.S.-based multinationals would harm our most dynamic companies

Americans know how to use the moving van to escape high taxes

Soak the Rich, Lose the Rich

Here's the problem for states that want to pry more money out of the wallets of rich people. It never works because people, investment capital and businesses are mobile: They can leave tax-unfriendly states and move to tax-friendly states.

And the evidence that we discovered in our new study for the American Legislative Exchange Council, "Rich States, Poor States," published in March, shows that Americans are more sensitive to high taxes than ever before. The tax differential between low-tax and high-tax states is widening, meaning that a relocation from high-tax California or Ohio, to no-income tax Texas or Tennessee, is all the more financially profitable both in terms of lower tax bills and more job opportunities.

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HAT TIP:Wizbang