General Discussion
In reply to the discussion: I'm a small business owner and I make less than $60,000 a year. [View all]Swede Atlanta
(3,596 posts)The GOP definition of a "small" business is not based on annual revenue, number of employees, etc. They base it on the number of owners. So, according to their definition, Koch Industries, 84% of which is owned by Charles and David Koch, is a "small business" even though it is the second largest privately held business in the U.S. according to Forbes magazine in 2011.
You are correct. They don't think about the people running a 10-table sandwich shop or a custom upholstery business. They are thinking "big" in terms of these huge corporations owned by others in the 1%.
Unfortunately the Democrats never, well I should say seldom, call them out on this.
Look, I work for a large multi-national company but I realize that the majority of jobs in this country are in "small businesses". Small businesses need an environment in which to thrive. We need to keep government intrusion into their affairs at a minimum while not sacrificing public and consumer safety and security. We need to find ways to foster innovation in these companies. We need to ensure that, subject to their business plans, these companies can access capital at a reasonable cost.
Geardaddy....good for you with your own business. I wish you the very best.
As a colon cancer survivor I consider myself lucky to have employer-sponsored health insurance. And the amount I contribute every month is a pittance compared to what I would have to pay if I were left to my own devices and had to find coverage on the open private market.