Obama’s raising of taxes will hurt at least 894,000 small businesses (before ObamaCARE)
Lets forget ObamaTAX aka ObamaCARE and it’s 21 new taxes for a second. Obama came out today with his recycled line of wanting to raise takes on the evil rich. In Obama’s book, you are considered ‘rich’ and deserve higher taxes if you or your business taxes in $250,000 or more per year. While ABC tries to downplay the percentage of people and small businesses affected by the Obama tax hike, the fact remains that nearly one million small businesses will be affected by Obama’s tax jack. That should do great for job creation.