Economy

A Weekend Talking Point For You

A little something for when you're confronted by the "but it'll hurt small businesses" talking point:

...the Tax Policy Center has estimated that a mere 2 percent of tax returns reporting small business income in 2007 earned enough income to be affected by the expiration of the Bush tax cuts on individuals earning more than $200,000 per year and families earning more than $250,000 per year -- not 80 percent.

In short: allowing the Bush tax cuts to expire will not effect 98 percent of small business owners.