House will vote today on tax cuts for NASCAR/NFL team owners

[Playinghardball]

House Majority Leader Eric Cantor's H.R. 9, the Small Business Tax Cut, is up for a vote today, with Republicans cleverly thinking they can make Democrats look bad by voting against a tax cut for "small business." (Deficit be damned. The bill would cost $46 billion.) The bill would provide a 20 percent tax cut for business with fewer than 500 employees.

So, what kind of businesses have fewer than 500 employees?

Professional sports franchises, such as the Los Angeles Dodgers, which were recently sold for $2 billion
Donald Trump’s Trump Tower Sales & Leasing
Paris Hilton Entertainment, Inc.

Who else? Mitt Romney's good friends, those owners of NFL and NASCAR teams, would probably appreciate that tax break. So would Rob Rom Enterprises, the Romney corporation that has made Ann Romney's love for the sport of dressage a healthy tax write-off, since it lost $77,000 in 2010.

http://www.dailykos.com/

[KansDem]

1. "Small business" is less than or equal to 500 employees?

SBA Changes Definition of 'Small Business'

The SBA, which negotiates small-business contracting goals with various federal agencies, estimates the new definitions will make as many as 8,350 more firms eligible for contracts and financial assistance. "It allows small businesses to retain their small-business status and contracting officers to have a larger selection of small businesses to choose from for contracting opportunities," the spokesperson said.

But the National Small Business Association isn't so sure these changes will be beneficial to small businesses. Although the NSBA is planning a thorough analysis, the Washington, D.C.-based advocacy group cited "a couple areas of concern," NSBA spokesperson Molly Brogan said. "Some industries, such as architecture and engineering, are grouped together, and the combination can cause some issues. Another concern is there may be enhanced competition from businesses on the larger end of the scale that are now classified as a small business. For the majority of businesses that have about nine to 11 employees, it's hard to compete against a company that has 500 employees."

While the National Federation of Independent Business, a Nashville, Tenn.-based advocacy group, doesn't define small business by size, about 70 percent of its members have 10 or fewer employees, according to NFIB spokesperson Cynthia Magnuson. Still, Magnuson said government contracts aren't necessarily what will help their small-business members. "We represent 350,000 small businesses and not a tremendous number of them vie for government contracts," Magnuson said. "Our top priorities tend to be things that affect our whole membership, like taxes, health care and regulation."

--more--
http://www.cnbc.com/id/46479924/SBA_Changes_Definition_of_Small_Business

So the SBA changes it definition of "small business" so more corporations with 500+ employees can get those lucrative government contracts?

And what do the Repubs say about "Big Government?"

[aquart]

2. Eric Cantor makes me think the things Ted Nugent says.

[LiberalEsto]

3. On other words, for Mitt's good friends? nt