Joe vs Sam on tax cuts

Sorry, this part would have been in the previous post had I seen it earlier — dlb

John Seery, a Professor of Politics at Pomona College, wrote an article for the Huffington Post that was published yesterday.

In it he talks about Sam the Gas Station Guy, who he met at his gym the other day. Sam is a small business owner. He owns more than 100 gas stations and 25 restaurant franchises in southern California and has over 800 employees.

While talking about the current political scene Sam, a life long Republican said he would be voting for Barack Obama.

“My gas station businesses are hurting. I make the same profit margin–5 to 8 cents per gallon–no matter whether the price of gas is $1.99 per gallon or $4.99. The big oil companies are the ones raking in the profits when prices go up, not me. I can make money on gas only through volume sales–and if people are hurting, I make less on gas. Or I start to lose money, like now. Where I make money, though, is when they come inside and buy discretionary items–food, drinks, lottery tickets. Right now, people aren’t buying. I know 20 of my gas station colleagues are about to declare bankruptcy. It’s bad.”

“So I’m fed up with the Republicans. Tax cuts for the rich, the war–all that stuff. The middle class needs help. I’m finally convinced. I’m going for Obama. First time in my life, I tell you.”

I asked him about paying higher taxes.

“I don’t care about that. If I’m making money, I don’t care. I’ll pay my taxes. But I’m not going to make any money if the middle-class guy doesn’t have money in his pocket to buy my gas or my food. I don’t need the big tax cut right now. That’s not going to bring the customers into my gas stations.

Joe the Plumber Meets Sam the Gas Station Guy

So there you go.

That is a better said reason why I don’t like McCain’s and the GOP’s view on taxes. Small businesses aren’t going to make money if the middle-class guy doesn’t have money in his pocket. Cutting taxes for the rich and those who invest doesn’t put money in people’s pocket quick enough to help small businesses – if at all.

Cutting taxes for the middle class are jumper cables for a broken economy and we need jumper cables right now.