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Tax Reform s Next Step: End State and Local Tax Deductions andBoost the Personal Exemption
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The Impact of Higher Taxes: More Spending, Economic Stagnation,Fewer Jobs, and Higher Deficits
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Personal accounts offer two fundamental advantages for smallbusiness: actions that the government would not have to take(unnecessarily raising taxes or cutting Social Security benefits)and results that the private sector would generate (enhancedentrepreneurship, strengthened capital markets, and improvedretirement incomes). Empowering entrepreneurs in this way wouldbenefit the entire nation as additional jobs were created andeconomic growth was sustained.