BUSH TAX CUTS - TWO POINTS
One, not verified, letting the tax cuts for the rich expire on schedule provides as much deficit reduction as all of the Simpson-Bowles proposals.
Republican claims that expiration of these hurts small business hiring is a great exaggeration. Only 3% of small businesses might be affected. Also, taxes are only on profits and the decision to hire is based on expectation of increased profit, not tax rates.
One, not verified, letting the tax cuts for the rich expire on schedule provides as much deficit reduction as all of the Simpson-Bowles proposals.
Republican claims that expiration of these hurts small business hiring is a great exaggeration. Only 3% of small businesses might be affected. Also, taxes are only on profits and the decision to hire is based on expectation of increased profit, not tax rates.
0 Comments:
Post a Comment
<< Home