there is one thing that I didn't understand that Romney said. Hopefully somebody can explain this to me. When Romney was talking about his tax plan, he talked about how he would close loopholes and stuff to such a point that people wouldn't see a huge difference in the tax's that they are paying. He then asked the question as to why he would want to lower the rates if people are going to pay the same. Then he said the reason he wanted to lower rates was to help small business as it would help some of them pay a lower rate.
This is the part I don't understand. So, if he is lowering rates to help the small businesses (non incorporated I assume) wouldn't closing loopholes hinder the small businesses out there as well? I'm sure businesses have loopholes and stuff that they use as well. I can see how lowering rates and reducing deductions would be able to reduce the workload on government and possibly even allow for some downsizing in the IRS, I just don't understand the benefit to business that Romney was talking about. Can somebody explain it to me?
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