Dear editor:

It’s time to put another myth to rest.

Our president is saying that he is going to help small businesses create jobs by removing of cutting the capital gains tax for small business.

This is a red herring of the deepest shade of red. Small businesses do not pay a capital gains tax unless they are selling non-inventory assets.

Most of the non-inventory assets held by a small business are land, fixtures, or equipment. If a small business were liquidating its assets such as land, fixtures or equipment, the only one that might have gained value in previous times would be land.
So, now you tell me how if a small business is liquidating its assets, how is that going to create jobs? Most liquidation of assets is because the company is going out of business; therefore, loss of jobs is the result!

Once again we are being given a bill of goods by our government that doesn’t ring true.
Remember that the smart promise and the dumb rejoice.

Flena Rubalcaba
Cassopolis