The the debate tonight between Joe Biden and Paul Ryan has spent a lot of time talking about the topic of job creation and taxes. Joe Biden wants to raise taxes on small business and Paul Ryan does not. Joe Biden wants to raises taxes on small business by about 20% and Paul Ryan wants tax rates to remain the same. Being a small business owner, I ask, how can a 20% tax increase enable me to hire more people? It can’t.
At Choice Merchant Services we strive to save our clients money by lowering the rates that companies pay to accept payments such as Visa, Mastercard, Amercian Express & Discover. Since most companies pay about 2% of their revenues in payment processing fees, we can essentially give them a .25% “tax cut.” Every month clients come to us because we can give them a .25% “tax cut” and that can do a lot to help their business. If we can build an entire business around a .25% “tax cut” we provide to companies with merchant service savings, what business are Barack Obama destroying with his tax 20% hikes on small business?
