Forget the middle class, lets help out businesses with tax reform
But there is a problem with this scheme: It appears that while all businesses would lose some tax preferences, the rate cuts would apply only to corporations. Thus, non-corporate businesses would end up paying higher taxes. In effect, firms such as partnerships, sole proprietorships, and LLCs—about 90 percent of U.S. businesses—would subsidize the rate cuts for a handful of corporations.
Hmmm, I seem to recall some of his supporters being against corporate welfare. I guess it's okay as long as it's all on the backs of those greedy small business sole proprietors. Uh, yeah, I think we can chalk yet another thing up in the failure column.
Answer by QuinnMae at 10:17 PM on Mar. 7, 2011
Answer by cbk_mom3 at 10:20 PM on Mar. 7, 2011
Answer by Carpy at 10:26 PM on Mar. 7, 2011
Answer by goodwitch399 at 12:07 AM on Mar. 8, 2011
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Answer by May-20 at 7:33 AM on Mar. 8, 2011
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Answer by jodi205 at 7:40 AM on Mar. 8, 2011
Answer by Farmlady09 at 8:10 AM on Mar. 8, 2011
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