Friday, November 2, 2007

Charlie Rangel's Tax Plan Is Bad For Us

This week House Ways and Means Committee Chairman Charles Rangel, D-N.Y., made it clear that he wants to raise our taxes and not in a small way. We small business owners in general have ideas that are bigger than our pocketbook. We are trying to improve our quality, hire another person or invest in new product development which means we struggle with cash flow. It's not that we are poor money managers, its just that we don't like to stand still and rake in cash, we tend to learn forward to raise the bar which consumes cash.

Every penny that we have to give to the government moves us away from our dreams not toward them.

As a way to stay close to public policy, Bruce and I are members of the US Chamber of Commerce Small Business Advisory Council. You can meet some of our fellow council members at Small Business School.