Experts say income tax increase will batter aspirations

04/28/2009 | Inc. online (free registration)

While many experts say the administration's plan to raise taxes on top earners will not affect most small-business owners, the tax increase will discourage reinvestment and entrepreneurial zeal. "Someone who wants to put money back [into the business] and lives on a low proportion of their taxable income -- that's the type of person with a legitimate complaint," says Benjamin Harris of the Tax Policy Center.

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