From the Associated Press via Yahoo News comes this little fact check pertaining to President Obama’s tax plans:
WASHINGTON – Claims that President Barack Obama’s tax plans are an assault on small business skirt the likelihood that most job-producing small businesses wouldn’t feel that pinch at all.
Republicans and other critics, knowing they will get little mileage from defending the rich, instead are casting the plan as a tax hit on people who run industrious little companies driving job growth.
That’s not likely, according to one in-depth analysis, which found that more than 95 percent of small business owners would be off the hook.
Obama does not propose higher business taxes.