As a small (very small) business owner I’m concerned about an increase in taxes on the modest amount of revenue we generate. I own a video production business and we generate around 100k per year as I am the only employee. As the president had briefly mentioned, as part of the 97% of small business owners, we need to be re-assuered that our taxes will not go up. However there are the “small businesses” that generate millions of dollars a year. The general public don’t view these businesses as “small business” even though they are constantly being addressed as so in every speech that is made.
The same scenario goes for the middle class. Most people don’t view others that make $300,000 a year as middle class. It’s only those that are used to seeing multi-million dollar incomes that see a $300,000 per year income as a modest middle class income. I also think many Americans don’t even realize who the middle class is.
President Obama needs to define, with numbers, the “middle class” and “small business” as he did 4 years ago. And then he needs to go on to make a distinction as to where the tax breaks or increases will take effect. Romney is easily including much higher incomes than most people realize into these categories, which is rightly so because they are “middle class” incomes, but if the general public actually saw the income numbers that he’s talking about when he speaks of the “middle class” and “small business” I think the public’s view of Romney really being in touch with the real American middle class would dramatically shift.
Location: Port Jefferson, NY