Knoxville small business owner sees boost from proposals

Knoxville small business owner sees boost from president's proposals

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Dazzo's Pizzeria has been serving up slices for the last six years. Dazzo's Pizzeria has been serving up slices for the last six years.
"Who's not for simpler taxes?" Martha Boggs asked. "Who's not for simpler taxes?" Martha Boggs asked.
"They would spend less time complying with the tax code and they would spend less money on their accountant," David Moon said. "They would spend less time complying with the tax code and they would spend less money on their accountant," David Moon said.

By LAURA HALM
6 News Reporter

KNOXVILLE (WATE) – President Obama's proposed changes on tax rates are intended to impact small businesses.

The owner of Dazzo's Pizzeria in downtown Knoxville says simplifying the current tax code would help her bottom line.

Dazzo's Pizzeria has been serving up slices for the last six years.

Martha Boggs says link any small business, working on her taxes is a big part of her day.

"There are taxes that you didn't know about that you owe and there's no written list for a small business owner to go by," Boggs said.

Boggs says she was excited to hear more about the plans President Obama rolled out Tuesday. She likes the idea of simplifying taxes as well as creating incentives for small businesses to expand and add new equipment.

"Who's not for simpler taxes?" Boggs asked.

David Moon manages the finances of several local businesses. He says simplifying the business tax code would be a step in the right direction.

"They would spend less time complying with the tax code and they would spend less money on their accountant," Moon said.

But what kind of impact would the president's proposal for cutting the corporate tax rate from 35 percent to 28 percent have in Tennessee?

Gov. Bill Haslam believes it would encourage companies to invest in our state.

"Jobs grow when people invest money, and the more money companies have to invest, the more jobs that will be created. I think his move will be really good for the economy," said Gov. Haslam.

Boggs says the president's proposed changes would help her bottom line. She could hire more employees and expand her business with a new product line.

Another measure the president rolled out Tuesday would set a minimum tax on foreign earnings for those companies looking to locate production overseas.

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