Tax Reform

SMALL BUSINESS INSIDER By Barbara Weltman – It had been a long-standing rule that sellers were required to collect and remit sales tax on transactions only in states in which they had a physical presence, such as an office or warehouse. In 2018, the U.S. Supreme Court in South Dakota v. Wayfair upended this rule […]

SMALL BUSINESS INSIDER If President Biden has his way, the Biden economy promises to be quite grim.  By Raymond J. Keating – President Joe Biden is back with tax proposals that make no economic sense, but hold appeal to those who wallow in class-warfare, get-the-rich politics. While entrepreneurs, businesses, investors and workers struggle with the […]

SMALL BUSINESS INSIDER   by Raymond J. Keating – It’s often said that inflation is the hidden tax. That is true, as inflation, which is an ongoing increase in the general price level, eats away at the purchasing power of the dollar. Inflation means that a dollar tomorrow is worth less than a dollar today. […]

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 […]