Tax Debate Concerns Small Businesses – NYTimes.com

What a great idea to remove the tax cuts for the top 2 percent of wage earners. Rich tend to save anyway and savings is no way to get spending moving again which is currently driving the US economy.

Despite that emotional appeal, Internal Revenue Service statistics indicate that only 3 percent of small businesses would be subject to the higher tax, and many studies of previous tax increases suggest that it would have minimal impact on hiring.

via Tax Debate Concerns Small Businesses – NYTimes.com.

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