PlainTalk Planning Releases New Video “A Smart, Permanent Tax Fix for America’s Closely Held Businesses.”

PlainTalk Planning released today a short nine-minute video presentation entitled “A Smart, Permanent Tax Fix for America’s Closely Held Businesses.” The author is Professor Dwight Drake of the University of Washington School of Law

Fall City, Washington (I-Newswire) October 1, 2012 - PlainTalk Planning released today a new video presentation entitled “A Smart, Permanent Tax Fix for America’s Closely Held Businesses.”

This short nine-minute presentation lays out a six-point plan that would provide tax certainty and stability for closely held enterprises, America’s job creators. The plan would boost reinvestment capacities, provide new investment incentives, and simplify the tax world for small businesses. The presentation is authored by Professor Dwight Drake of the University of Washington School of Law.

“The key to the proposal is decoupling closely held businesses from the paralyzing tax-the-rich battles,” said Drake. “These businesses are now the pawn in that never-ending battle and are stalled in a haze of impossible tax uncertainty and instability. Everyone agrees that we need these businesses - the backbone of our economy - growing and creating more jobs. It’s the key to any real recovery. Yet nothing significant gets done because these businesses are tied to the Buffett/Wall Street crowd for tax purposes. That needs to end. And it can be done by greatly simplifying the tax world and planning challenges for closely held businesses. A plan along these lines could spark a badly needed, targeted sense of urgency. And it’s a plan that should be politically doable because it could work for both sides of the political aisle right now. It could get America’s closely held businesses off and running while our leaders continue to battle over America’s broader tax agenda.”

The video presentation is available online to the general public.