If You Pass This Bill, We’ll Shoot This Small Business
It’s one of the oldest political tricks in the book. Whenever there is legislation you don’t like, claim it hurts small businesses. Everybody loves small businesses. What could be more American than starting your own business and seeing it succeed? What could be worse than stifling these many entrepreneurs?
The latest version of this involves the repeal of the Bush tax cuts. Kevin Drum pokes the obvious holes in the argument that repealing the cuts will hurt small businesses. The punchline:
So that’s the case. Letting Bush’s tax cuts for the rich expire affects only a tiny number of small businesses; it doesn’t affect them very much; and it generates revenues of $678 billion. If the only thing you care about is keeping taxes low for rich people, you won’t be convinced. For the rest of us, it’s a no-brainer.
When you hear a politician voicing concern for small businesses, chances are he or she is is shilling for big business.Click here for reuse options!
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