Apriem Co-Chief Investment Officer Bejamin Lau comments on the Trump Administration’s proposed tax cuts and how they could potentially provide a boost to small businesses. Below is an excerpt:
“Most small businesses struggle with transition planning. Getting rid of the estate tax would get rid of a lot of the liquidity problems that future generations might have,” he says. The move would free up small business capital that would otherwise be taken up.
“Most people are employed by small businesses,” he said. “If people get more money in their pocket, this could really help to jump start the economy.”
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