If you're going to have tax relief, everybody who pays taxes ought to get tax relief. So we drop all the rates, and simplify the code. The tax code's unfair for people at the bottom end of the economic ladder. And that's not right. But we also drop that top rate, from 39.6 to 33 percent.
Small business is the backbone of the country.
Many of you all are small business owners. Ninety-five percent of small business owners pay the highest marginal rate in our tax code. They're unincorporated businesses. They're what we call sole proprietors. When we cut that top rate from 39.6 percent to 33 percent, we're saying a loud and clear message that the entrepreneurial spirit will be reinvigorated as we head into the 21st century.