Corporate America descended on Capitol Hill Wednesday morning hoping to ride the small business gravy train that’s been gaining steam. Instead, they caught an earful from Senate Majority Leader Harry Reid (D-Nev.), who didn’t appreciate the message they brought. CEOs representing 11 major corporations argued that the Democratic emphasis on small businesses missed the important role that Big Business has to play, several people in the meeting told HuffPost.
Harry Reid is finally fed up? Thank You Senator Reid, for not handing out more dough to the big corporations. Yes, indeed, some of them are seeing a lower profit margin than in the past, but it’s their own fault for raising prices and cutting jobs. No jobs/low wages/high prices = no money to spend in the economy. Handing big corporations middle class taxpayer dollars will not create a job, it will create better profits for the companies and improve their standing on Wall Street. They have already proven they don’t care about the economic health of our country. Thanks Senator Reid. It’s about time.
While Big Corps makes a point that small business and large businesses are a team that
support each other, I don’t believe handing over working/middle class taxpayer dollars is the way to go to help the big guys. They are still earning billions (albeit fewer billions) and can’t seem to find the inner capacity to use a portion of those billions to create jobs/raise salaries/lower prices in order to stimulate the economy the way “the experts” say they’re suppose to.
No middle class tax dollars for corporate welfare. But, yes, please give the small businesses a helping hand.