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How Joe Biden's Tax Plan Might Have an effect on Small Enterprise Homeowners

This lawyer and accountant breaks up the democratic candidate's small business policy.

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29, 2020

2 min read

The opinions expressed by the entrepreneur's contributors are their own.

Before starting the first presidential debate, it is important to understand how each candidate can affect the lifestyle and livelihood of small business owners and people with secondary jobs. To do this, you need to be able to find a trusted source that will give you the facts. In this video, CPA and attorney Mark Kohler try to do just that by breaking down how Joe Biden intends to put taxes in place if elected.

Previously, the entrepreneur explained President Donald Trump's tax strategies and their impact on the economy, and many of us are familiar with two of his most important aspects of financial management in his first term: the 2017 Tax Cuts and Jobs Act, which regulates taxes for the Most have been cut in the country and The CARES Act, the Covid Incentive Bill that Kohler has covered extensively.

To better understand how the Democratic and Republican candidates differ when it comes to tax policy, Kohler spends 40 minutes in this video explaining Biden's preferred policies and priorities, and how those policies may affect your community and business results.

Click Play for the full video and learn more about how Joe Biden's tax plan can affect you and your business.

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