‘Pro-Business’ Congress May Consider a National Sales Tax

The new 109th Congress brings good news and bad news for small businesses, including retail jewelers, say savvy Washington veterans. The good news: This is the most pro-business Congress in years, promising more sympathy and quicker action on issues affecting small businesses, including health care and permanent business-related tax cuts. The bad news: The commitment of the president and the Republican leadership to major tax reform raises the possibility of a sizable national sales tax to maintain revenues. Here's what legislative experts say JCK readers should expect from this Congress on issues affecting them. In the 2004 elections, the GOP kept the White House, added four seats in the House of Representatives (now 231 of 432), and four more in the Senate (now 55 to 44 Democrats and one Independent). Those margins are significant, especially in the Senate, where some business-
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