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To the Editor:
I am a retired small-businessman and, yes, the government helped me. I started in 1978. Tax rates were high prior to the Tax Reform Act of 1986. Rather than spend money personally I had to expand my business. So the government made me invest rather than consume.
With the Reagan tax cuts everything changed. I could now consume because the government took 28% of the take instead of 60%-70%. It was easier to buy stocks and bonds than expand my business. Then in 1993 rates went back up. So back to expansion mode: I got an SBA loan and rolled the dice. Thank you, government. It worked out very well.
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James Paisley
Keller, Texas
