With the business tax based on profits and an average of 18.5% effective business tax rate what benefit would be gained by adding more tax cuts for businesses at the expense of increasing the deficit? What is the bottom line or “Bang for the buck”?
What benefits are there for adding more business tax cuts for an already more than favorable business climate?
Best Solver (Answer):
Answer by Jamie Layd
Well it relieves the red tape strain on small and medium businesses and lets them grow. The economy needs to be kick started by small businesses growing which create more jobs and then more revenue for the government which cuts unemployment and the deficit. Why cant you left wingers see that?!