This assumes that you need to take out a constant amount of after-tax profit, which may be the case for some types of small business. However, it would be possible, and perhaps more appropriate, to introduce some form of tax credit to deal with that; this would be far, far cheaper.
It’s hard to overemphasise how expensive the proposed plans are. You’re looking at adding over a trillion to the deficit. Bush’s tax cuts are estimated to have cost about 1.5 trillion... for his entire term (plus a trillion or so make in Obama’s term when he was forced to extend most of them).
It’s hard to overemphasise how expensive the proposed plans are. You’re looking at adding over a trillion to the deficit. Bush’s tax cuts are estimated to have cost about 1.5 trillion... for his entire term (plus a trillion or so make in Obama’s term when he was forced to extend most of them).