Been Quote by Austan Goolsbee
“The share of income that small business people are paying in taxes is the lowest it has been in 65 years - since Obama has cut taxes 18 or 22 times for small business.”
About This Quote
Source Speech: Economic Commentary, 2023
Tax burden on small businesses has fallen to its lowest level in 65 years, partly due to multiple tax cuts under Obama.
In simple terms: Small business taxes are at a historic low.
Key Takeaway
Advocate for fair tax policy.
Themes
taxation
small business
policy
economics
Mood
critical
analytical
Type
policy
economic
When to use this quote
- business planning
- political advocacy
- tax reform
- financial forecasting
Key Concepts
fiscal policy
tax incidence
economic inequality
Questions to Reflect On
- How do low taxes affect small business growth?
- What are the trade‑offs of reduced tax revenue?
A Different Perspective
Tax cuts may reduce revenue for public services.
