While our tax system should be simpler and easier to navigate, that doesn’t mean Congress should embrace the view that tax policy should avoid picking any “winners and losers.” Each time a law is enacted or a government official makes a decision, there is a winner or loser. The goal should be to make sure that sound public policies are the foundation of the Tax Code. In a global, competitive marketplace, it makes sense to support innovation. Small and midsized businesses, which employ two thirds of our nation’s private sector workforce, have shouldered the heaviest burden of the downturn and also merit incentives.
All Financial Planning articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, blog discussions, the iPad App, CE Exams, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our daily or weekly e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and growth strategies.