23 April 2024

Small businesses at center of debate over taxing rich

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WASHINGTON — As congressional Republicans and the White House feud over whether to raise taxes on the wealthy, one interest group has dominated the debate: small business.

Republicans want to protect the Bush-era tax rates for the wealthy because, they say, nearly 1 million small business owners would be subject to the higher levies. Even some Democrats are sympathetic to the argument and want to maintain the current rates.

But in a white-hot debate waged in sound bites and slogans, “small business” has become a buzz word that doesn’t mean just the size of a firm.

This article appeared in the The Dallas Morning News. To read more of this article click here.

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