Roni Deutch, The Tax Lady, Believes President Obama’s
Proposed Tax Changes Do Not Go Far Enough to Help S
Businesses and the U.S. Economy
Leading Authority on Taxation Examines the Reality of Obama’s Proposed Tax Changes
January 28, 2010 05:17 PM Eastern Time
SACRAMENTO, Calif.--(EON: Enhanced Online News)--Roni Deutch, a leading authority on taxation and author of The Tax La
Beating the IRS, says that the new policies proposed last night by President Obama do not go far enough and may not be the soluti
more jobs and revitalizing the economy. During The State of the Union Address, President Obama projected that new tax credits fo
owners would incentivize hiring and revitalize the failing economy:
l Suspending Payroll Taxes for New Hires:
Roni Deutch argues that overall, payroll tax hurts both employees and businesses by reducing profitability for companies and
home pay for the employee.
“An elimination of the payroll tax altogether could have a far greater impact on the American economy than the Making Wor
projected Deutch. “Without the payroll tax, every working American would see a 7.5% increase in take home pay, which m
to stimulate the economy.”
l Providing Tax Credits For Small Business Hiring:
Another red flag Roni Deutch points out is the implementation of tax credits for small business who hire new employees. De
regulation of this new tax change and worries that this could lead to a false improvement. “The new hire tax credit could crea
by employers,” warns Deutch. “A business owner could fire one full-time employee and hire two part-time employees to get
without positively impacting the economy. Another tactic could be to fire then rehire existing staff without adding any new jo
economy.”
l Eliminating Capital Gains Taxes on Investments in Small Business:
Deutch, also a small business owner, applauds Obama’s efforts to remove the capital gains taxes for small business. The bac
American economy is small business and the elimination of capital gains taxes provides incentive to invest in entrepreneurs an
“While this would be great, President Obama’s proposal does not go far enough. The next step should be to eliminate all ca
and not just for investments in small business,” said Roni Deutch. “The removal of capital gains tax would spur a dramatic sti
economy.”
ABOUT RONI DEUTCH
Roni Deutch is one of the nation’s leading authorities on taxation and has worked as a tax attorney since the early 1990s. A respect
tax industry, Roni Deutch is frequently a guest on CNN, CNBC, ABC News and FOX Business Network. She has been featured i
articles, including Forbes, Essence, Wall Street Journal Digital, Los Angeles Times, Chicago Sun-Times, Sacramento Bee, Ho
Journal, and the Atlanta Journal-Constitution. Roni is also a regular columnist on WomenEntrepreneur.com. In 2009, Roni publi
book, The Tax Lady’s Guide to Beating the IRS and Saving Big Bucks on Your Taxes, which was an instant success and releas
edition in January. She is also the founder of Roni Deutch, a Professional Tax Corporation, the nation’s largest tax resolution law fir
Deutch Tax Center, the nation’s fastest growing tax preparation franchising company. For more information about Roni Deutch, ple
www.RoniDeutch.com.
Contacts
Krupp Kommunications
Shay Pantano, 212-886-6707
spantano@kruppnyc.com
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