This transcript is automatically generated
Republican leaders pushed up 46 billion dollar small business tax cut through the house.
From all us.
A completely different approach that we today operation we that we help small businesses.
You tax -- create -- the other side believes you raise taxes.
The house bill would cut business taxes by 20% for companies with fewer than 500 employees the -- would apply to all small companies regardless of how they are organized.
Corporation partnership or a sole proprietor action.
Critics say the legislation would help mainly higher income people like lawyers lobbyists and real estate developers who used those partnership structures the bill now goes to the senate where it is unlikely to pass with tax -- over time to rank the states with the best and worst.
Business tax systems a new index by the small business and entrepreneurship council.
Both together eighteen different tax measures including rates and combines them in to one score.
The three best state tax systems are South Dakota.
Texas and Nevada the three worst this year New Jersey Minnesota and the District of Columbia.
That's it for this edition of the small business report.
I'm Peter Barnes Fox Business Network.