Small Businesses to Face Biggest Tax Increase in Years Under Former Vice President Joe Biden’s Tax Proposals
May 25, 2020
New York – Former Vice President Joe Biden, the presumptive Democratic nominee for president, plans to issue the biggest tax increase in years for small businesses report Bambridge Accountants New York.
The effect would be to hinder entrepreneurship and reduce the funds available for business growth.
Alistair Bambridge, partner at Bambridge Accountants New York, asks: “Is this really what is needed as the economy tries to recover? When we should be encouraging corporations to add to the workforce and drive the economy, these tax plans reduce the ability and incentives for businesses to invest and expand.”
Small Business Tax Increase
