you missed a few other points: Startups: no capital gains taxes. Sole proprietorships: tax benefits to offset the double taxation in the policy change. Small

you missed a few other points: Startups: no capital gains taxes. Sole proprietorships: tax benefits to offset the double taxation in the policy change. Small Business Incubators: public/private incubator network developed to help promote small business growth and innovation. re: the herbert hoover thing -- invalid comparison. back in the day, we actually had a balanced budget, and the increase hoover imposed more than doubled the top tax bracket rates. in addition, hoover tried to pass tax cuts first, but almost every politician said it would be a sign of weakness in the face of economic turmoil.