Huffpost Business

Bush Tax Cuts: Small Business Owners Not Worried About Expiration Of Tax Cuts For The Rich

Posted: Updated:

But President Obama and most Democrats contend that small-business owners would not be affected much because only about 3% of them earn more than $250,000 a year. Democratic leaders agree with Republicans that those earning less should get a permanent tax break.

Rick Poore helps make their case. The owner of a Lincoln, Neb., clothing firm that employs about 30 people, Poore supports letting the top-level tax rates go up. The reason is simple: He won't be affected. Poore, 56, and his wife clear about $140,000 a year from the business.

"The only people I can think of who can honestly call themselves small businesses that this would effect would be stockbrokers and lawyers," Poore said. "And I don't have a lot of sympathy for either of them."

Read the whole story at latimes.com

Around the Web

Bush tax cuts - Wikipedia, the free encyclopedia

Bush tax cuts 101: What changes could be in store for taxpayers ...

Bush Tax Cuts News and Video - FOX News Topics - FOXNews.com

Bush Tax Cuts : Pictures, Videos, Breaking News

FAQ on Bush tax cuts: What you need to know - Sep. 15, 2010

Five myths about the Bush tax cuts