(Wall Street Journal) — President Obama’s newly proposed tax package is being praised, though with cautious optimism, by several of the nation’s most prominent small-business advocacy groups. The Republican-backed deal with its temporary extension of Bush-era income tax cuts would have a direct impact on a large segment of entrepreneurs, whose small-business income falls into top tax brackets. Other measures, such as a reduction in payroll taxes for workers, could indirectly benefit small companies by potentially spurring consumer spending.
