As our Washington Wire readers know, S-CORP released an important study on Tuesday by Bob Carroll and Gerald Prante from Ernst & Young. The new study focuses on the rate debate in Congress and its impact on job creation and business investment, concluding that allowing the top rates on individual, business, and investment income to rise starting next year would, over time, result in fewer jobs, lower wages, and less investment. The study also found that more than 72 percent of S corporation income is earned by the 500,000 S corporation owners who pay the top two rates.

The study …

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