Small Businessman makes Bernie Sanders Look Foolish on Economy

U.S. Senator Bernie Sanders (I-VT) held a town hall event hosted by CNN and moderated by Chris Cuomo.

Senator Sanders fielded a question by a small business owner who said that he’s been “kicked in the teeth” by the many taxes and regulations imposed on small businesses. He wanted to know from Sanders why the Obama administration was so against business owners like himself.

Sanders of course defended the President and his administration, saying that he raised taxes on the top 1 or 2 percent. He said that if he were president, he would have raised them even more than Obama did.

“I think the wealthiest people in this country are doing phenomenally well, 52 percent of all new income generated today goes to the top 1 percent,” Sanders said. “So you and I may have a difference, but yes, I do believe that billionaires and multi-millionaires should be paying more in taxes.”

This would have made some sense had the question been posed by someone in the “top 1 or 2 percent.” But this was a small business owner. He’s not a multi-millionaire. In fact, by the questioner’s own account, “you haven’t lived until you’ve put a payroll on your credit card.”

But Sanders still went back to his tax-the-rich meme:

“I think we should support entrepreneurship. I think we should support small business. But I am not supportive of large multi-national corporations that made billions a year in profit and don’t pay a nickel in taxes, nor am I supportive of those corporations who throw American workers out on the street and then move to China or Mexico.”

It took the moderator Chris Cuomo to bring Mr. Sanders back to the original question at hand. “Do you think there’s space to work with Trump on that?” Cuomo asked Sanders. “He has talked about getting rid of regulations.”

“Well, you can’t say in general — what does that mean?” Sanders responded. “Should a small business or a large business be able to pollute the water or the air or the food? No, I hope you don’t believe that.”

What does that have to do with anything? The man’s question had to do with small businesses being overburdened with taxes and regulations – taxes and regulations that big businesses have little problem handling. When you’re talking about small businesses – what the questioner called the “backbone of the country” – those taxes and regulations become so great that many fail before they can even get started.

So, if the Vermont Senator says that “we should support entrepreneurship,” and “we should support small business,” how can that be when he’s in favor of so many taxes and regulations that many times end up crippling those businesses?

 

Reposted with Permission from Eagle Rising.

Please leave your comments below