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Originally Posted by SuckOnThis
The exact opposite is true. If a business owner is making a million in profit and they know they know they are going to pay a high tax rate they are going to reinvest that money in their company rather rather than sit on it and pay the taxes. Bush lowering the highest tax rate did nothing but hurt the economy.
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The fact remains. Whether the Bush tax cuts were good or bad is moot. They are inplace.
The issue is the uncertainty of whether they will continue or not. Business can sit on it's hands and money while the administration makes the decision.
70% of the GNP is from SMALL business. These are not companies that are making many millions in profits. These are businesses that have struggled to stay alive during this recession. A tax increase is a big deal.