Tax Reform

October 26th, 2021 by

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 […]

October 1st, 2021 by

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 […]

September 30th, 2021 by

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 […]

September 28th, 2021 by

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 24th, 2021 by

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 […]

August 23rd, 2021 by

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 […]

August 19th, 2021 by

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 […]

August 18th, 2021 by

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 […]

August 17th, 2021 by

by Raymond J. Keating – Raising taxes as the economy tries to recover from a pandemic is not a smart idea. Small business owners certainly understand this bit of economic common sense. Unfortunately, politicians often lack economic common sense, and hence, we have President Joe Biden and assorted Members of Congress looking to inflict additional […]

August 13th, 2021 by

by Raymond J. Keating – In my economics career, I have long argued that the capital gains tax is one of the most destructive levies that government can impose. Indeed, it might be the most damaging tax. Why? The capital gains tax is a direct tax on the returns on entrepreneurship and private investment. That […]

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