GOP TAX PLAN

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Originally Posted by Jim in CT

And what are most businesses? Small or large?

Depends on how do you define it. Yes, the vast majority of businesses in the US are small, for the most part they are non-employee, not incorporated and don't pay corporate taxes.

I'm not sure what is going to be in the final bill but earlier this month it was looking like the GOP wanted to increase taxes on most small business profits dramatically while cutting rates on the larger classes dramatically. Not sure how this helps employment. It does help wall street.

Hey, maybe that's why markets went up on the news ya THINK?

*Edit - it looks like the Senate bill that passed this morning did include provisions to help small businesses. It was added at the very last second to influence the final two votes. This should scare the heck out of everyone. It wasn't an oversight.