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Legal Commentary
: TalkLeftFact-Check: At Most, 2% of Small Businesses Would Pay More Taxes Under Obama's Plan
By Jeralyn
CNN's Money fact-checks McCain's claims about Obama's tax plan and small businesses. Shorter version: McCain's wrong again.
The bottom line: McCain's claim only works by using an overly broad definition of what counts as a "small business" - and even with that definition, fewer than 2% of business owners would be hit by Obama's proposed rate increase. For those who are affected, the increase would be levied only on a part of their earnings, not all of them.
Full post as published by TalkLeft on October 16, 2008 (boomark / email).
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