{"id":588128,"date":"2021-07-10T23:05:49","date_gmt":"2021-07-11T03:05:49","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=588128"},"modified":"2021-07-10T23:05:51","modified_gmt":"2021-07-11T03:05:51","slug":"study-bidens-tax-plan-hurts-small-business-farm-owners","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/study-bidens-tax-plan-hurts-small-business-farm-owners\/","title":{"rendered":"Study: Biden\u2019s tax plan hurts small business, farm owners"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fstudy-bidens-tax-plan-hurts-small-business-farm-owners%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=588128&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div id=\"attachment_2452368\" class=\"wp-caption aligncenter\">\n<p id=\"caption-attachment-2452368\" class=\"wp-caption-text\">Joe Biden speaks about COVID-19, known as the Coronavirus, during a press event in Wilmington, Del. on March 12, 2020. (SAUL LOEB\/AFP via Getty Images)<\/p>\n<\/div>\n<h5>OAN Newsroom<br \/>UPDATED 7:58 PM PT \u2013 Saturday, July 10, 2021<\/h5>\n<p>Critics have warned Joe Biden\u2019s new tax proposals are hurting small business owners. The <a href=\"https:\/\/taxfoundation.org\/biden-small-business-tax\/\">Tax Foundation out of Washington recently issued a study<\/a>, arguing Biden\u2019s proposed capital gains and death tax rates could sink small businesses over time.<\/p>\n<p>Researchers have claimed Biden\u2019s proposal aims to drain the pockets of top American earners, but owners of small businesses and farms could end up fronting the bill.<\/p>\n<p>\u201cThe Biden administration has primarily focused on increasing taxes on top earners to generate revenue to fund its spending priorities,\u201d reported the Tax Foundation. \u201cHowever, these proposals would hit many pass-through businesses, and much of pass-through business income, including small businesses, family-owned businesses and farms.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">A Tax Foundation analysis found the Democrats\u2019 radical tax plan would HALT small business growth by DOUBLING tax on investment.<\/p>\n<p>\u2014 House Republicans (@HouseGOP) <a href=\"https:\/\/twitter.com\/HouseGOP\/status\/1413309427776557057?ref_src=twsrc%5Etfw\">July 9, 2021<\/a><\/p>\n<\/blockquote>\n<p>This comes as the Biden administration has been trying to figure out how to fund its spending agenda, setting its eyes on free community college, family leave and tax credits next. However, opponents believe Biden\u2019s tax proposal won\u2019t work and will end up driving away American jobs.<\/p>\n<h4>MORE NEWS: <a href=\"https:\/\/www.oann.com\/gov-newsom-shows-support-for-higher-gas-taxes\/\">Gov. Newsom Shows Support For Higher Gas Taxes<\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>Joe Biden speaks about COVID-19, known as the Coronavirus, during a press event in Wilmington, Del. on March 12, 2020. (SAUL LOEB\/AFP via Getty Images) OAN NewsroomUPDATED 7:58 PM PT &#8230;<\/p>\n","protected":false},"author":7,"featured_media":2315279,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-588128","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/588128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=588128"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/588128\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=588128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=588128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=588128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}