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Friday, March 27, 2009

CB&PP: Obama's Tax Policy Will Not Hurt Small Business

The Center on Budget and Policy Priorities has published History Contradicts Claim That President's Budget Would Harm Small Business Job Creation, by Jason Levitis & Chuck Marr:

Critics have claimed that President Obama’s proposal to roll back tax cuts for families with incomes above $250,000 would kill job growth in the small business sector. But under the Clinton Administration, when the tax treatment of high-income families was very similar to what President Obama has proposed, small businesses generated jobs at twice the rate as under the Bush tax code.

http://taxprof.typepad.com/taxprof_blog/2009/03/cbpp-obamas-tax-policy.html

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Comments

The performance of small business under two different Presidents says nothing about the effect of tax rates on small business. The economy was entirely different during the two periods. Please do not publish information that you must know is meaningless.

Posted by: Richard Dees | Mar 28, 2009 1:50:55 PM

Hmm. This is really interesting. Not just because I'm mostly pro-Obama, but I really think that his tax policies and plans such as helping small businesses will really be able to help the economy and find work for the jobless... Just not as quick as we expect, maybe.

Posted by: Imee | Mar 30, 2009 10:42:55 PM