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Experts: Obama Tax Plan Will Kill Small Business

by on January 26, 2012

The purpose of lower tax rates on investments is to incentivize investment, to encourage more money to be invested in the market and thus businesses.

Who do you think benefits from profitable businesses and growing investments? 401k participants (most medium to large business employees), 457 deferred compensation plan participants (municipal employees), 403b participants (teachers), SIMPLE IRA participants (small business owners and employees), pensioners, rainy day savers, EVERYONE who thinks about the future and doesn’t spend every dime they make.

So why craft policy to drive away the innovators who drive businesses?

http://www.moneynews.com/StreetTalk/Obama-Tax-Small-Business/2012/01/26/id/425574

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