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US News and World Report: “Limiting Bush-era Tax Cuts Harms Small Businesses”

by Lisa Mathias

The WG’s Stephanie Slade writes in today’s Debate Club column in US News about the implications of President Obama decision to end the Bush tax cuts for those earning $250,000 or more. Slade sees this as a potential problem for small business owners and those looking for employment.

Perhaps they realize that almost 900,000 small businesses will see their taxes go up under the president’s proposal. In an economy adding a paltry 75,000 jobs a month, one can hardly blame them for worrying that 14 million unemployed Americans might not take kindly to a tax on the people most likely to put them back to work.

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