WASHINGTON - Raymond J. Keating, chief economist for the Small Business Survival Committee (SBSC), has compiled what he believes are the top 10 pluses for small business in 2003:
1. Pro-growth tax cuts. "The tax cut passed in May was a huge positive for entrepreneurship and small business," he stated. "Lower personal income tax rates gave a boost to the bottom line of most businesses, as 91 percent pay personal rather than corporate income taxes. Also, the reduction in the capital gains tax enhanced incentives for investing and risk taking."