RatcliffeBlog: Business, Technology & Investing
Make everyone a small business person
… Rather than have the top five percent of Americans get a $1.35 trillion tax break, how about we all get to write off our health insurance and healthcare costs, just as businesses that provide benefits to employees do? It would result in a huge surge in disposable income (the government could mail out checks right away to make up for the monies sunk into health costs already this year) and would relieve small and medium-sized enterprises (SMEs) of one of the most costly and unpredictable aspects of operating their business. It is, after all, the SMEs that drive most economic growth. And the money spent in response to lowered healthcare costs would provide far more tax revenue through multiplier effects than the cost of the healthcare tax deduction.
Right on, Mitch. Thank you for this.