SB A Counsel Hopes To Ease Tax Impact: The Small Business Tax Impact
Inflation, taxes and government regulation are the biggest problems faced by small businessmen, according to Milton Stewart, who will be sworn in today as the first chief counsel for advocacy of the Small Business Administration.</br></br>In his role as advocate for the nationÛªs small businessmen, Stewart hopes to make the tax structure more favorable to investment in small business, he said in an interview yesterday.</br></br>The ÛÏcumulative impactÛ of all taxes on a small business puts them at an ÛÏinequitable disadvantage. Very serious questions can be properly raised, and we intend to raise them, as to whether (existing tax laws) leave people enough incentives ... to enter small business,Û he added.</br></br>the new SBA post was endorsed by hi ore than 100 small business groups but he came under fire for alleged technical violations of federal securities laws while president of Creative Capital Corp.</br></br>Both the Securities and Exchange Commission and SBA found StewartÛªs firm had violated laws and, in 1974, Stewart signed a SEC consent agreement to end staff charges of violations without admitting or denying the allegations.