Small business owners are shocked, SHOCKED I TELL YOU, to discover the “business-friendly” GOP policies don’t include them:
Like many Charlotte-area small business owners, Doug Jones doesn’t know how to digest the N.C. General Assembly’s recent tax policy overhaul.
Even before he and his wife, Sophie, opened Pour Olive, a specialty oil and vinegar shop on East Boulevard, he believed the state’s tax code needed revisions that would make the state more attractive to corporations.
But he worries one of the legislature’s many policy changes – eliminating a $50,000 tax deduction that small business owners can take on their personal income tax returns – could negatively impact some small businesses.***
State Sen. Bob Rucho cites cutting red tape and the legislature’s reducing the state’s progressive personal income tax to a flat 5.8 percent.
“We’ve been working diligently to help small businesses function more efficiently,” Rucho says.
As Reagan suckered the unions, so has the NCGOP suckered the small businessman. And as a result, the race to the bottom continues unabated.