Allowing High-Income Bush Tax Cuts to Expire Would Affect Few Small Businesses — Center on Budget and Policy Priorities

Allowing High-Income Bush Tax Cuts to Expire Would Affect Few Small Businesses — Center on Budget and Policy Priorities

Allowing the top two marginal tax rates to return to pre-2001 levels as scheduled next year would affect very few small businesses, a recent Treasury Department study found. Looking at recent history, job creation & economic growth proved significantly stronger following the 1993 tax increases than following the 2001 Bush tax cuts. Further, small businesses generated jobs at twice the rate during the Clinton years than they did under the Bush tax code.  

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