Rep. Says He Can’t Afford A Tax Hike...

Cosmo

Question:
How does this guy run his business...
AND be a Representative in Congress at the same time?
...
it seems like there might be conflict of intrests implications... if bills appropriate tax dollar funding to his district (or the district where his company operates).
Is that the case? Anyone know?

Cosmo

usamamasan1 wrote:

Um...you work for it. That's how. It's not rocket surgery.

...
Sorry... no disrespect intended... but, this is just fucking awesome. I am totally stealing this phrase.
Thanx.

usamamasan1

I know right? Use it lots. As for your question about how much this franchisee works, he touches on it in the articel the OP posted.

Fleming told the Wall Street Journal that “he spends very little time on day-to-day management, though he weighs in on broad strategy decisions.” “I monitor the reports. I’m certainly in communication with the managers,” he told the paper.

I know a franchisee with six times his gross sales. Same story. You get weekly sales reports, decide what stores need work, improvements, what territories could support new units etc. Which stores need to be closed. Put your ass on the line for large loans and hope that you run a successful business and continue making payrol for hundreds if not thousands of people. The stress of that alone is a full time job. You go to sleep and wake up thinking about it. You don't have to be at a desk.

As for conflict of interest, I don't see it. Any examples?

Cosmo

usamamasan1 wrote:

I know right? Use it lots. As for your question about how much this franchisor works, he touches on it in the articel the OP posted.

Fleming told the Wall Street Journal that “he spends very little time on day-to-day management, though he weighs in on broad strategy decisions.” “I monitor the reports. I’m certainly in communication with the managers,” he told the paper.

I know a franchisor with six times his gross sales. Same story. You get weekly sales reports, decide what stores need work, improvements, what territories could support new units etc. Which stores need to be closed. Put your ass on the line for large loans and hope that you run a successful business and continue making payrol for hundreds if not thousands of people. The stress of that alone is a full time job. You go to sleep and wake up thinking about it. You don't have to be at a desk.

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I'm wondering... does he drafts legislation to help small businesses? Being a small business owner... wouldn't his business benefit from tax payer money he appropriates or tax breaks his business would get or laws and regulations that his business would benefit from?
If so, that's a conflict of interests.

usamamasan1

I don't know. He was elected as a man that presumably would support tax breaks for small business. Accelerated depreciation schedules and the like for capital improvements to his stores for example. I would suspect that there is full disclosure and as such I wouldn't think a confict argument is minimal at best.

Cosmo

usamamasan1 wrote:

I don't know. He was elected as a man that presumably would support tax breaks for small business. Accelerated depreciation schedules and the like for capital improvements to his stores for example. I would suspect that there is full disclosure and as such I wouldn't think a confict argument is minimal at best.

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It doesn't matter.
It would be like an executive officer of Lockheed/Martin getting elected to office. If he drafts legislation of simply votes on appropriations to defense contract... you don't see a conflict there?
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His voting for tax breaks for small businesses means HIS small businesses benefits from the tax breaks... meaning, HE benefits from HIS vote. Conflict.

usamamasan1

I suppose you should vote for career politicians then.

Cosmo

usamamasan1 wrote:

I suppose you should vote for career politicians then.

...
I know that's a bad word for you... so, maybe your work should fire you after 8 years and bring in someone new, right? That makes sense to you, doesn't it?
What is worse... having a 'career politician' or a businessman with his own interests in mind so he can make more money off of taxpayers. Or is there a difference?

usamamasan1

You continue to reach here with no success. You are saying this man is selfish in his political service? He is a lawmaker so he can get accelerated depreciation schedules? He does what he does to sell more subway?
Come on.
Conflict of interest. I'm embarrased for you.
As for letting me go...I have only been at my gig for 7 and at 8, they probably should!
Paw
As for career politician, I support and have worked for Fred Upton. He is family of Whirlpool. What conflicts does he have living in Benton Harbor (where whirlpool headquarters is) and being a kick ass "career politician"
Like I said, you are reaching
Didn't Obama talk about his grandma or some shit when he pushed through Obamacare?
Subway. Funny

Prince Of Dorkness

usamamasan1 wrote:

You continue to reach here with no success. /quote]

Um... No... He's pretty much ripped about five new ones in a row.

Of course, I don't expect a Rick perry supporter to be clever enough to see that.

usamamasan1

Taxed up the ass!
Ha

Prince Of Dorkness

usamamasan1 wrote:

Taxed up the ass! For a living
Ha

Would make a great name for the inevitable sex tape that will surface of Rick Perry once he gets the nomination. :twisted:

usamamasan1

Are you going to add value to this topic or just gurgle and burp?

Prince Of Dorkness

usamamasan1 wrote:

Are you going to add value to this topic or just gurgle and burp?

After the stuff you've posted in it, a gurgle and burp WOULD add value to this topic.

usamamasan1

Carry on

CJMST3K

he still stands wrote:

I am REALLY EXTREMELY confused by all of this... why is he talking about his business' taxes? That is completely separate from his personal income taxes. If he has 500 employees, he sure as hell doesn't have it set up as a sole proprietorship.

How does his personal income taxes have anything to do with his business' hiring practices?

Perhaps it's an S Corp.