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  Topic: IRS: Obama tax hike threatens
1 million small businesses
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IRS: Obama tax hike threatens
1 million small businesses

Human Events, by David Harsanyi

Original Article

Posted By:Photoonist, 10/4/2012 2:35:02 PM

Over and over again we hear Democrats claim that raising tax rates on the rich won’t dampen economic recovery. They also claim it would only affect a fraction of small business owners. In yesterday’s debate, the president asserted, as he has often, that 97 percent of businesses who pay individual rates would not see a tax increase. Well, judging from this new study by Internal Revenue, allowing Bush-era tax rates for high earners to expire, the centerpiece of President Obama’s tax plan and a big part of his campaign rhetoric, would mean that 1 million companies would be hit with

Comments:
More fuel to use against 0bama in one of the next debates. His own IRS is stating that 0bama's policies are anti-small business. Of course, anyone who runs a successful small business already knows this. If they don't they are on their way OUT of business right now.

      


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Reply 1 - Posted by: BaseballFan, 10/4/2012 2:36:52 PM     (No. 8909751)

"This is deadly earnest, man. This is deadly earnest! How they can justify -- how they can justify -- raising taxes on the middle class that has been buried the last four years! How, in Lord's name?"

- Joe Biden, October 3, 2012



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Reply 2 - Posted by: Momma Walton, 10/4/2012 2:54:45 PM     (No. 8909806)

If/when Romney becomes President of US, can he eliminate the tax? Just wondering!

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Reply 3 - Posted by: bobgray2, 10/4/2012 3:17:10 PM     (No. 8909881)

#2 No, but he can sign a repeal of the tax sent to him by a republican congress and senate. The state and local races are almost as important as the presidential race. Long term, maybe even more important.

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