Small businesses taxed as personal income are often paying a higher rate than the corporate tax rate.<quoted text>
General Electric & Small Businesses pays the same tax rate as any other corporation subject to the corporate tax rate.
The Government does help some small business by allowing them to organize in a fashion that permits their owners to take business profits as personal income. This is like a subsidy to help these people get started by paying a lower tax rate.(I thought Galt didn't like subsidies?)
Once he business profits reach a level so as to put the owner in the top bracket then the owner should reorganize a C corp as they no longer require these lower rate subsidies.
Government Motors, owned by the UAW, received special favors from Obama that will allow this scam to escape taxation for the foreseeable future.