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View submission: Thoughts on trump’s economy?
Couldn't agree with you more re: inflation messaging - that's absolutely what I was referencing. With regard to small biz sensitive topics, I was referring to long-term small biz owners who are less sensitive to sba loans and grants (as they are more new-business focused and VP Harris was strong on the new business tech tax credit). It's really just more, when you're self-employed, you pay your own SE tax, and your effective tax rate is roughly 40% by the time you pay all your taxes. Then, keep in mind that you're also taxed on profits that you don't 'distribute' i.e. pay out to the owners b/c those profits need to stay in the business to fund payroll, future investment, rainy day savings in the event of ANOTHER covid, etc. Covid shutdowns were also really unpopular - not the shut downs but the length of them - many, many small businesses went out of business. And finally, as a remote worker, I understand how valuable that work is and don't take advantage of the flexibility but many, many people did. We pay top of market, fully match all benefits 401k, health insurance, all employees work remotely, they are NEVER required to email or respond after hours, unlimited pto, etc. And they are still a pain in the ass a lot of days and have to be overly managed because they will absolutely take every inch they can get. Trump's tax cuts were v. popular with small biz owners for all the reasons mentioned above and VP Harris campaigned on raising them farther - hard pill to swallow after years of hard times.
There's nothing here!