President Obama has called for a huge tax increase to take effect on January 1, 2011. Instead of reducing spending, he proposes to raise taxes on a wide swath of taxpayers including small businesses despite the weak economic recovery. Congressional Democrats stand poised (immediately following the November elections) to endorse the President’s request and threaten to go much further. Proponents of letting the tax cuts expire which would indeed be a tax hike have offered a wide array of justifications for this wrongheaded policy. Heritage Foundation fiscal policy expert J. D. Foster wades through the myths and straw arguments to set the record straight.
“Could it get any worse for small business?” asks the state’s top small-business advocacy group in a statement sent to the press this week. The answer to that question, says
EDITORIAL: Give Colorado s small businesses a break (copy) | Editorials gazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gazette.com Daily Mail and Mail on Sunday newspapers.
“Could it get any worse for small business?” asks the state’s top small-business advocacy group in a statement sent to the press this week. The answer to that question, says