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Obama tax plan worries small businesses
Obama proposes higher top rates and phase outs for high earners, affecting about 940,000 business income filers who would see reduced profits. Budget experts say growth impact is small, about 0.1 percent of GDP next year, though firms warn it could curb hiring and investment.
MENTIONED IN THIS ARTICLE
Washington
Barack Obama
Congressional
Obama
Joint Committee On Taxation
Congress
Congressional Budget Office
Sander Levin
Michigan
House
Ways and Means
Boehner
America
Brian Reardon
S Corporation Association