When it comes to tax relief for small businesses, Congress risks betting too much on the wrong kind of horse. As Joe Kennedy writes in The Hill, House and Senate tax bills currently favor individually owned “pass-through” companies (think: dry cleaners, pizza parlors, etc.), which make their owners a good living but don’t do much for net new job creation or overall growth. Lawmakers should focus more on tech-based startups that drive innovation and have much more long-term growth potential.
