Tuesday, Dec. 11, 2012 | 2:02 a.m.
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President Barack Obama is claiming that 97 percent of small businesses make under $250,000 and therefore would not be affected by the tax increase he wants for those making over that amount.
His numbers are confirmed by the Tax Policy Center and the Congressional Research Service. Yet, Republican House Speaker John Boehner rejects the tax increase on those making over $250,000, claiming it would hurt small businesses.
If only 3 percent of small businesses make over $250,000, his argument has no merit. Yet, this is the kind of nonsensical argument Republicans are making to protect their wealthy supporters from a tax hike.
Meanwhile, the people who make under $250,000 have to watch as Republican stubbornness takes us over the “fiscal cliff,” leading to higher taxes for all in 2013. Any claim by the GOP that it is looking out for your interests is baloney.
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