We Need Economic Reform


11/7/12 appearance on Neil Cavuto.

Small businesses need certainty.  They also need lower taxes, not higher taxes.  So the Fiscal Cliff is coming and it needs immediate attention.  But if we allow the rates to rise and if we raise them further thinking we are just taxing the rich, we will be raising rates on small businesses.  This in turn will kill jobs.  Because 75% of the top 1% of tax payers actually are small businesses, it is wrong to think that raising taxes on the rich will not impact the economy. We need to lower corporate taxes and small business taxes to drive growth.  This will actually create more revenue that, along with spending cuts, will lower the deficits.  Raising rates will hurt businesses, destroy jobs, and increase the deficit.

— Steve Odland

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