Small-Business Groups Parse Tax Deal

December 8, 2010  |  

(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.

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