Proposed Corporate Tax Cut Could Mean More Business For Small Firms

By Maureen Mespell

Proposed Corporate Tax Cut Could Mean More Business For Small Firms

February 27, 2012 Updated Feb 27, 2012 at 8:59 PM EST

FORT WAYNE, Ind. (Indiana's NewsCenter) -- The corporate tax cut proposed by President Obama last week could mean more business opportunities for small firms across the country.

The proposed tax cut, which takes the tax rate from 35% to 28%, is aimed at more job creation and keeping jobs from leaving the country.

One University of Saint Francis professor says those cuts could benefit businesses of all sizes.

University of Saint Francis Professor Doug Meador, Ph.D. says, “Mega-corporations pick up their buying. Some of that is going to purchased from the very small corporations.”

Meador says small business will have a tougher time getting tax shelter however.

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