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WEALTHY FACE HIT, SMALL BUSINESSES SPARED

Hikes on richest would affect 3.5% in county; keeping R&D credits a plus for local economy

Dean Calbreathe, U-T SAN DIEGO

Tuesday, February 14, 2012

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Erik Bruvold, who heads National University’s Institute for Policy Research, said the proposals to raise taxes on the rich involve more politics than economics.
“Changes in the tax code on upper-income Americans probably has minimal impact one way or the other on long-term growth prospects for the economy,” he said.