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When you really look at this bill, it s sort of the ultrarich who have their own finance arms, own mom and pop financial adviser, stock broker, but most pay less than 15%. so if your average small business out there, how does the new tax plan really help them? i can tell you what they re telling me. and when we had our kickoff yesterday in washington, and i had about 250 small businesses we were talking to and without fail, they really talked about what a benefit the tax reduction could be for them. where? pardon me? if they re only paying 15% where is the benefit? they are paying more than 15%. most have s corporations or llc and that pass through is taxed at ordinary income rates. if they have the 15%, that s going to be more money in their pocket and told me we ll spend that money on marketing dollars, hiring new employees and on expanding our businesses. ....
Business tax cuts would include something in the bill, in other words, the bill would essentially be giving republicans what they have been fighting for. what more do you want to see in the bill, in order for you to vote for it? well, what i m concerned about is the $30 billion t.a.r.p.-like slush fund that is not going to drive the economy forward. they are setting it aside for 12 months go ahead with the tax cuts is what you are saying and forget the fund? well, yes. there are parts of the tax cuts we actually like, and i think we can do so in a bipartisan way and as far as the so-called bush tax cuts i called upon the speaker as my colleagues have in saying let s have an open debate with an open rule and offer amendments and discuss this. it s a $250,000 threshold, and it does affect small businesses because, you if you are an s-corp or llc and have the pass-through income you will be affected by this. julie: that s a great pointed. every dollar over $250,000, many of th ....