Professor Steven Dean commented on President Obama’s new proposed tax incentive for small businesses on China Central Television. If the proposal passes, business owners with fewer than 100 employees would be able to write off up to $250,000 in capital investment.
Many Republicans argue that the plan is not creating anything new, only expanding existing programs. Professor Dean agreed that the change may cause uncertainty for business owners: “In a certain sense it’s all the tweaking and un-tweaking and re-tweaking that makes small businesses scratch their heads and wonder what exactly they’re going to face this year, next year, the year after that.”
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