I have to respectfully disagree with you. Currently the tax rate for my business is set at 39% under Obamas plan it would be raised to 50.3% that my friend is a huge jump. I manufacture equipment for rec and leisure. I still do it here in the states. I work on a small margin, but I can employee local workers.
If my business tax rate is increased 11% I could keep the doors open, yes. But if health care increases with that, no I can not. I have a few options. I can outsource to China, and get rid of 30 of the people who make the gear, and keep my office staff. Making more money for myself, but sacrificing the company I have built.
Really what other choices do I have? Maybe to you guys who are more business savy than I am 11% increase is not a big deal, but for my small business, well its huge.
