Tuesday, April 19
Small Business Owner Explores Connection Between Tax Rates And Job Growth
Democrats and Republicans are arguing over income tax rates on the highest earners as part of the solution to deficit reduction. Republicans adamantly argue that the income tax disproportionately hits small businesses, which make of the bulk of job creation. My next guest kept hearing this claim and was curious about its accuracy. As the CEO of Waltham-based Scudder Bay Capital, Bryan Ganz is that small business owner everyone keeps talking about. His medium Waltham-based residential mortgage investment firm is precisely the “engine of job growth” that is theoretically going to stop hiring and investing if marginal tax rates go up by 4.6%. But since, he says, he NEVER takes the top marginal tax rate info account when deciding whether to hire more employees, he thought he better do some research and he joins me now to explain what he found.