In Tuesday's editorial ("Who's going to move?"), The Inquirer once again called for raising taxes on the rich to balance the budget, scoffing at the notion that this will hurt job creation. When I started my business, I used my own money and credit. I worked for five years with no pay. Finally, after eight years, I have reached a level where I can be called "rich" by Inquirer standards.
It is incorrect to say that the "tax measures Obama proposes don't target businesses that create jobs." My business, Mr. Sandless, is run as a limited liability company (LLC). That means my taxes are on my personal return. Thanks to running a tight ship (i.e., a balanced budget), my company has grown through the recession. It may show a hefty profit line, but I use the extra money to pay off my debt.