Tax Reform

Taxes have a very real impact on the decisions made by individuals, families, entrepreneurs, businesses and investors. The result is simple: The more you tax something, the less of it you will get. That’s not exactly an earth-shattering declaration, that is, unless one swims in the waters of politics. There are plenty of elected officials […]

Perhaps the White House and Congress will take note. by Raymond J. Keating –  On November 18, Governor Roy Cooper of North Carolina signed a state budget into law. That budget included a bold tax relief package that, when fully implemented, will make North Carolina one of the most attractive states in the nation to […]

by Raymond J. Keating – President Biden and Democrats in Congress are unrelenting in their assumptions that they can raise taxes on the wealthy without any negative consequences for the economy. In reality, of course, to paraphrase English poet and clergyman John Donne, no one is an economic island. Raising taxes on those with the […]

by Raymond J. Keating – President Joe Biden arrived in office with a long list of tax increases he was looking to impose on American entrepreneurs, businesses, individuals and families. A new study prepared for the Small Business & Entrepreneurship Council (SBE Council) by EY QUEST takes five significant tax increases being sought, and ranks […]

Higher Capital Gains Taxes, Retroactive Increases at Death Most Harmful For Immediate Release Washington, D.C. – A new report released by the Small Business & Entrepreneurship Council (SBE Council) today ranks select tax increases proposed by the Biden Administration from least economically harmful to most economically harmful, and finds those targeting capital income would inflict […]

Making things up, like redefining income to fit one’s political preferences, is not legitimate economic analysis. by Raymond J. Keating – Officials within the Biden administration – including various economists – are having a tough time dealing with economic facts. Indeed, they have gone so far as to mislead and serve up economic fictions. In […]

August 24, 2021 Dear Member of the U.S. House of Representatives: The Small Business and Entrepreneurship Council (SBE Council) strongly opposes the partisan $3.5 trillion budget resolution that will soon be considered by the U.S. House.  The massive package is a tax-and-spend blowout that does not serve the interests of small businesses and entrepreneurs. Higher […]

The tax and spending splurge will make running a small business much more burdensome, not ‘better.’ FOR IMMEDIATE RELEASE Washington, D.C. – As the U.S. House begins to consider voting on the partisan $3.5 trillion budget resolution today, the Small Business & Entrepreneurship Council voiced strong opposition to the tax-and-spend blowout proposal. SBE Council president […]

by Raymond J. Keating – The Biden administration apparently is confused as to how public policy impacts business and the economy. For example, there was the President’s executive order in July that tried to assert that more regulation of business would lead to more competition in the marketplace. That didn’t make any sense (see SBE […]

by Raymond J. Keating – Ben Franklin once said, “Our new Constitution is now established, everything seems to promise it will be durable; but, in this world, nothing is certain except death and taxes.” Unfortunately, various politicians missed the point of this quote, and decided that it would be a dandy idea to join together these two […]