US corporate taxes are the highest in the world. You don't agree with cutting them? That would stimulate the economy and free up capital more than any cut on the relative handful of individuals who own businesses with employees that aren't incorpated. And they really should be incorporated to protect thier personal assets from lawsuits against their business. It would help bring back capital from overseas profits of US corporations, and prevent "corpoate inversion", which was one of Trump's big issues during the campaign.
The people this would really hurt are high income employees, not business owners. You may recall this was Steve Bannon's idea originally.
There seems to have been a bit of miscommunication there.
I fully support cutting U.S. corporate taxes, and for many of the good points you raised.
One of the best is the trillions of dollars that would be repatriated, then invested here. KaBOOM!
I do want to point out the large percentage of jobs in this nation that are held by people working for small businesses. I’m sure you knew this.
It is true that incorporation would protect these small business owners, but then many of them don’t incorporate.
I do not know the figures on what percentage have incorporated.
Some interesting figures on this that I didn’t want to wade through.
http://sbecouncil.org/about-us/facts-and-data/