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Small Business Report: 4/22

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    Small business tax cut passed by Congress

  • Duration 1:19
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Republican leaders pushed up 46 billion dollar small business tax cut through the house.

If you heard from all of us.

There is.

A completely different approach that we take towards operation we believe -- ought to help small businesses.

Give -- tax cuts create jobs.

The other side believes you raise taxes.

The house bill would cut business taxes by 20% for companies with fewer than 500 employees.

The -- would apply to all small companies regardless of how -- organized.

Corporation partnership or a sole proprietor -- -- Critics say the legislation would help mainly higher income people like lawyers lobbyists and real estate developers who used those partnership structures the bill now goes to the senate where it is unlikely to pass.

With tax day overtime to rank the states with the best and worst.

Business tax systems a -- index by the small business and entrepreneurship council.

Both together eighteen different tax measures including rates and combines them into one score.

The three best state tax systems are South Dakota.

Texas and Nevada the three worst this year New Jersey Minnesota and the District of Columbia.

That's it for this edition of the small business report I'm Peter Barnes Fox Business Network.

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