The economic crisis facing the nation is disproportionately hurting small businesses. Mom and pop shops are struggling to stay afloat in the face of historic levels of inflation. Against this backdrop, Democrats have proposed raising taxes on pass-through entities—small businesses, including sole proprietorships, partnerships, limited liability companies, and S corporations.
To Sen. Rand Paul (R-Ky.) that’s just insanity.
“It’s a terrible time to also talk about raising taxes,” says Paul. “Businesses are reeling from the inflationary rising costs; now, they would have an additional tax.”
Paul has been going around the country talking with small-business owners who want relief from inflation and high taxes….