The 2001 and 2003 tax cuts are scheduled to expire at the end of this year. President Obama and some members of Congress want to extend the tax rates only for households earning less than $250,000, which would mean a significant tax hike for high-income earners. A nonpartisan congressional committee estimates that this tax increase would affect 53% of income from small businesses whose owners pay income taxes through the individual tax code.
Is the prospect of tax hike on January 1, 2013, impacting your business decisions? What actions have you or haven’t you taken specifically because of uncertainty over future tax rates? Have you put off hiring or investing in your business?
Tell us your story by completing the fields below, and we'll consider sharing it with members of Congress and on FreeEnterprise.com or in Free Enterprise magazine.