A Majority Of Small Business Owners Favor Letting The Bush Tax Cuts For The Rich Expire

[ProSense]

A Majority Of Small Business Owners Favor Letting The Bush Tax Cuts For The Rich Expire | According to a new poll from the Small Business Majority, American Sustainable Business Council, and the Main Street Alliance, a majority of small business owners both believe that millionaires are not paying their fair in taxes and favor a higher tax rate for individuals making more than $1 million annually. A majority of small business owners also favor letting the Bush tax cuts lapse for those making more than $250,000, blunting the Republican claim that letting those tax cuts expire would disproportionately harm small businesses.

http://thinkprogress.org/economy/2012/02/06/419550/small-business-bush-tax-cuts/

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Main Findings

• Small business owners overwhelmingly believe big corporations use loopholes to avoid taxes that small businesses have to pay:
  A sweeping 90% believe this to be true; 92% say big corporations’ use of such loopholes is a problem.
  
  
• Nine out of 10 small business owners say U.S. multinational corporations using accounting loopholes to shift their U.S. profits to offshore subsidiaries to avoid taxes is a problem:
  91% of respondents agreed it is a problem, with 55% saying it is a very serious problem.
  
  
• <...>
  
  
• Small business owners support a higher tax rate for individuals earning more than $1 million a year:
  57% of respondents agree that individuals earning more than $1 million a year should pay a higher tax rate on the income over $1 million. Only one small business owner out of 500 polled reported their annual household income to be more than $1 million.
  
  
• Four out of five small business owners disapprove of the “carried interest” loophole that gives hedge fund managers a big break on their taxes:
  81% of small business owners favor hedge fund managers paying taxes at the ordinary income tax rate, with a top bracket rate currently set at 35%, rather than the 15% capital gains rate—with 61% strongly supporting this change.
  
  
• -more-

http://smallbusinessmajority.org/small-business-research/downloads/020612_Taxes_Poll_Report.pdf

[russspeakeasy]

1. Absolutely and would someone explain why, why, why, it didn't happen

at the first opportunity.

[blm]

2. This is the type of poll the corpmedia NEVER manages to notice.

.

[lumpy]

3. Maybe the 'big boys' will stop using small business people by saying tax hikes harms small

business; we know that is bullcrap. Tax hikes would not harm big corporations with their current tax shelters.