Bloomberg Businessweek Weekend - October 1st, 2021
Bloomberg Businessweek
00:00
The Cusb S Tax Code Change
The cu s b s situation is a particular feature that's been around since 19 93, when it came in with it with the clinton tax code change at that time. It didn't have very much impact in stimulating business, because it was, ofset by the a m t and it was only a 50 % benefit. And so really not many people used it. But after two thousand eight wen te presient obame to stimulate activity in the small business area, change it to 75 %, at a hundred%. Then eliminated the offset of thea m t, that it really had benefit. Since that time, it's been used very, very broadly by anyone who starts up
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