SBE Releases Report
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Keating noted that higher income, capital gains and dividend tax rates, and the consideration of and additional value-added tax (VAT) are part of the current tax debate, and that's a big negative for entrepreneurs, investors, small businesses and their employees, and the overall economy.
In "The Great Tax Debate: Tax Increases, Tax Relief, and Tax Reform," our current income tax system and major tax reform proposals are reviewed according to eight criteria for a sound, pro-growth tax code. Those eight criteria are: progressive vs. proportional taxation, how capital is taxed, how inflation is treated, clarity, simplicity, bureaucracy and intrusiveness, affect on tax avoidance, and impact on government spending.
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- People:
- Obama
- Raymond J. Keating
- Places:
- U.S.
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