Comment Re:Small business (Score 1) 2115
That is why I'd like to see a slight tax increase on the wealthy while simultainiously a drop on the payroll taxes employers must pay. I'd also like to see corporate taxes cut but only if it includes closing of lots of loopholes. If this was done, pass through organizations and large corporations would see less taxes per dollar spent on labor and this would hopefully spur some hiring.
To your point about small businesses(at least pass through ones), the drop in the payroll tax would see the owner's costs decrease, most likely setting off any increase in the total taxes at the end of the day. If that small business was made up of a few partners that had no interest in highering, think small law firms, they would end up paying more but they were job creators anyway.
The long of short of it is, if we start now we can make well thought out increases to taxes and decreases to spending. If we wait, we will need to make drastic ones. Unfortunatly, there is no political or public will to make small sacrafices when pie-in-the-sky ideology makes people think it will all fix itself and there will be no hardship.
