Phaedrus, you are so right: That is exactly what we're exporting -- the American standard of living. Short-sighted politicians and so-called "American" corporations (which are effectively transnationals) are selling the American worker/consumer down the river. The American worker/consumer, in order to make the rest of the world prosperous and "stable" and "more democratic," will wind up being a pauper himself, if present policies continue.
As noted, most small business owners pay taxes at the personal rate. Cut their taxes, and they have more money to plow back into their businesses, as capital investment and as new-hire employee salaries. Thus job expansion and technological innovation are both benefited by cuts in marginal tax rates.
Of course, the Dims either don't get this -- or they do get it, and just don't want to see Bush economic policies succeed. They keep intoning the tired ol' mantra: "He's trying to get tax cuts for his rich friends and corporations!!!" What dunces they are. They would be completely irrelevant -- except for the fact that we can't seem to get them out of our faces and out of the way of needed economic reform. :^)