Big business and small business have different views on whether changes to personal income taxes or corporate taxes should be part of the effort to address the so called “fiscal cliff.”
The issue is that some businesses that declare their business income through their personal income taxes face the possibility of higher tax rates on top tiers of personal income. Meanwhile, big corporations would be unaffected by the higher tax rates since they pay corporate income taxes, not personal. Those corporations support lowering the corporate tax rate.
Read the entire story here.