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The question would be, What would these business owners do with their tax savings? They could hire more employees or they could expand their businesses. Do the wealthy benefit from these tax savings?

Depends on the owner. I have a couple side businesses and most people would consider me rich. If my business taxes went to 15%, it would save me a good chunk of change. Part of it I'd use to expand and up grade my businesses. But a good portion would go to my pocket and allow me to retire more comfortably. Not a bad thing, I'd eventually buy a new car, take some bucket list vacations, update some home electronics, etc.

As far as CBO predictions, take them with a grain of salt. Heard one commentator the other day say if you told the CBO that you're changing the income tax to 200%, what would that do? Answer - double the tax collections.

JLC
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