how business may be affected, and it is reported that expectations are high, particularly for the first 100 days when many changes will be instituted. Clinton's tax proposals are expected to be passed easily by Congress. They will include a number of provisions that may concern business people and that may also pit small business people against big business. Small business leaders are worried about possible tax increases, and they see little value in the investment tax credit because they do not have the money to invest in any case. Even if they did, they would not receive a sufficient tax credit to make it worthwhile. For big business, however, the investment tax credit is another story, as are certain other Clinton proposals: "Clinton's promise to cut capital gains taxes on long-term investments in new companies, to make the R&D tax credit permanent, and to grant a 10 percent tax credit on plant and equipment spending" (Dowd, 42).
Economists are divided on the issue. Tax reformers feel that restoring the tax credit is the first step toward disman
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