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The John Batchelor Show

#SmallBusinessAmerica: Taxes headed higher eventually. @GeneMarks @Guardian @PhillyInquirer

The John Batchelor Show

John Batchelor

Arts, News, Society & Culture, Books

4.52.8K Ratings

🗓️ 18 March 2023

⏱️ 10 minutes

🧾️ Download transcript

Summary

PHOTO: NO KNOWN RESTRICTIONS ON PUBLICATION.
@BATCHELORSHOW


#SmallBusinessAmerica: Taxes headed higher eventually. @GeneMarks @Guardian @PhillyInquirer

https://genemarks.medium.com/21-hats-podcast-59982f07b787

Transcript

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0:00.0

I want to take a second to tell you about the biggest international festival for pop casting.

0:04.7

The Pop Car Show London will bring together thousands of people under one roof on the 24th

0:09.5

and 25th of May, featuring industry leaders, creators, brands, and some of the most recognizable

0:15.4

names in pop casting, as well as parties and an evening festival of un-missable live shows.

0:22.0

65-pound day and 119-pound two-day passes are on sale now.

0:27.0

Book yours at thepopcarshowlunder.com

0:52.1

But what's in there that small businesses need to pay attention to?

0:55.9

Because in future, if it goes one way or the other, this could be the tax environment.

1:02.8

My attention was to the tax increases not only for major corporations, 21 to 28%.

1:12.2

But taxes for individuals earning 400,000 or more, including small businesses.

1:19.3

Did I read that correctly, Jean?

1:21.6

Yeah, he did.

1:22.8

And, and Jean, you, I mean, we all know it's no secret here that the president's budget proposal was pretty much dead on arrival to Congress.

1:31.0

You know, we know it's a zero to zero chance of passing with a Republican house and a split Senate.

1:37.1

But it definitely lays the groundwork for his 2024 campaign, which everyone is expecting him to announce, you know, that he is going to be running again.

1:45.8

So now we know.

1:46.5

And if you're a business, you have to, you know, you got to prepare yourself.

1:50.4

And my best clients always are thinking ahead and taking what action.

1:54.6

So you're right about the taxes.

1:57.6

I mean, besides the president wanting to go after the wealthier people individually with higher individual rates,

2:05.1

rates on unrealized gains, which seems unconstitutional, and also higher corporate rates,

2:12.2

which all by the way trickles down to the amount of available money left over for corporations.

...

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