57 Percent Of Small Business Owners Say Tax Increases On Wealthy Would Do Less Harm Than Spending Cuts

57 percent of small business owners say raising taxes on the wealthy would do less harm to the economy than spending cuts to job training, infrastructure investment, and education, according to a poll from the liberal group Small Business Majority. Automatic spending cuts and tax increases are set to take effect at the end of the year, but despite Republican arguments that letting the high-income Bush tax cuts expire at the end of the year would hurt small businesses, small business owners are more concerned about budget cuts. An earlier poll from the same group found that a majority wanted Congress to focus on a plan to create jobs rather than on deficit reduction.