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President Obama is raising taxes by $1.9 trillion in 2011, saying that this move is supposed to help small businesses. Small business owners may be wondering how that statement can be true. The administration says the new revenue will come mainly from big businesses and wealthy Americans; conversely, small businesses will benefit from tax cuts that "spur investments in job growth and innovation here at home." In truth, the proposed plan is a complex system of cuts, increases, and expirations that won't reveal its exact effect on your business until March 2011 (or after a thorough meeting with your accountant).
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