Small businesses already struggle to compete with big businesses that enjoy the luxury of a tax code filled with corporate loopholes.
Sentiment: NEGATIVE
If a lobbyist sets up shop, or a lawyer, in which they're receiving income through what is something like a tax loophole so that it's not counting as corporate income, that is what this is counting as a small business.
We need to even out the tax code for small businesses so that we lower their tax rate to 25 percent, just as we need to lower it for all businesses.
For small businesses, you need less taxes, less federal spending, and you need less regulation that blocks their growth.
I've built companies, I've created jobs, I know the frustration of small businesses with higher taxes.
Legitimate small businesses are put at a huge competitive disadvantage when bad actors lie about their small business status and don't play by the rules.
If private-equity firms are as good at remaking companies as they claim, they don't need tax loopholes to make money.
The tax code is very inefficient. Both the personal tax code and the corporate tax code. By closing loopholes and lowering rates, you could increase the efficiency of the tax code and create more incentives for people to invest.
Big businesses aren't the only ones in the economic ecosystem. Nobody should fall behind because of an unfair structure.
The tax code is weighted toward the ultra-wealthy and ultra-wealthy corporations and has created an offshore aristocracy of people who can afford to hire an army of accountants and lawyers. This shifts the tax burden to small businesses, entrepreneurs, and others.
At every turn, small businesses should be encouraged to compete. When they do, we all win.