Obama will be trying to argue for his fiscal cliff “plan”, whatever there is of it, at a toy manufacturing company in Pennsylvania. Despite the CEO’s support for Obama, he doesn’t seem to think much about his tax exemptions:

Obama’s speech at K’Nex Brands may also touch on his proposed tax exemptions for small businesses. One measure would allow a tax write-off of up to $500,000 for companies that hire new workers or boost salaries; another would let businesses deduct 100 percent of the cost of equipment investments for 2013.

But he said tax incentives wouldn’t make much of a difference to his business: “We’re not making decisions based on tax breaks. We’re making decisions based on demand.”

The CEO of K’Nex also oversees it’s plastic injection manufacturing, which advertises for defense and government contracting. I wonder how much of their business comes from government sources, and whether new contracts might be in their near future. 

Araten, a Democrat, said he voted for Obama, and his company’s profile reads a bit like a page out of the president’s playbook. The toys are educational; the company is family-owned; the manufacturing involves lots of recycling and very little waste.

Because Republicans despise educational toys and hate family-owned businesses? Pathetic “objective” reporting there.

“We went landfill-free about two years ago,” Araten said. “So all that escapes from here every day is a little bit of steam.”

Get ready buddy, there’s gonna be a lot of hot air issuing forth from Obama out of your factory today.

 

One Response to Obama to Tout Fiscal Cliff Plan at Toy Company Whose CEO Said Obama’s Tax Cuts Won’t Make a Difference

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