Capital gains tax hike would hurt small-business investment, groups say

08/19/2010 |

Small-business groups have urged Congress to maintain the current 15% tax rate on capital gains and dividends rather than letting it increase to 20% as it is set to do next year, arguing that the change would quash investment in U.S. businesses. In addition, NFIB is encouraging lawmakers to support a higher expensing limit for the cost of new equipment. The Senate is looking at a bill that would allow businesses to expense up to $500,000, an increase from this year's $250,000, which will fall to $25,000 in 2011 without congressional action.

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