Expiring the Tax Cut Would Harm Small Business  A number of small businesses are owned by individuals who pay taxes as individuals. However, being small business owners they often earn enough to put them in the highest tax brackets. Given that this is true, the tax rate that these business owners would face following the abolition of the Bush tax cuts would be a rate higher than most big business. It seems unjust that small business owners would pay rates of tax at 36% or 39.6% given that businesses such as Goldman Sachs pay lower tax.  Further, the expiration of a tax cut for these small businesses means that the owners will often project less personal gain from projects that the business might undertake. A simple example (for use in a debate) is of a project that costs $100 to invest in and has a 10% chance of success, returning $1100. A tax rise could theoretically cause the return for the owner to fall from $1100 to $1000. This means that now a project that would have been profitable is no longer so and thus the owner won’t risk taking the project up.  This means that fewer projects are taken up in the thousands of small businesses that exist throughout the economy. As such, excess taxation stifles the innovations that small businesses often provide,costing the economy a great deal more in lost profits and lost market-share than is returned in tax revenue in the long run. [1]  [1] Murdock, Deroy, “Halt Reckless Spending and Extend Bush Tax Cuts,” Deseret News, 26/07/2010