Tuesday, July 14, 2009

Tax Increase on 'Rich' Would Hit Small Businesses


CNSNEWS reports -- More than a million small business owners and about two-thirds of the profits earned by U.S. small businesses would be hit by the income tax increase on the "rich" that House Democratic leaders want to enact to pay for the health-care reform plan President Obama wants passed this summer, a taxpayer watchdog says. Small business owners would be subject to the income-tax rate increases because many of them report the profits of their small businesses on individual tax returns.

full story

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