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Somehow Ms. Klapp is conflating small business with the new billionaire tax. This tax affects .01% of Americans which means about 4 Arizonans will pay a bit more, and they are not small business owners. This proposal will probably go nowhere in an election year, but the revenue is still needed and will have to come from somewhere. One idea is to hire more IRS agents to collect from deadbeat tax cheats. Another idea is to limit offshore wealth hoarding that slows the economy. For us to be one of the only countries without Universal Healthcare (along with Yemen and Pakistan) or high speed rail really sets us back from fostering a healthier, more productive populous.

From: Klapp: Biden’s misleading ‘Billionaires’ Tax’ puts a cap on success for family-owned businesses

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