- A Challenge on Middle-Class Tax Cuts – NYTimes.com (the emphasis is mine)
…Republicans argue that letting the high-end tax cuts expire will hit small businesses and impede hiring. That is nonsense, and based on an overly broad definition of “small business,” which counts any taxpayer who reports business income as a business owner, including lawyers and accountants working in partnerships, corporate executives who sit on other firms’ boards and shareholders in “S-corporations,” business organizations that can employ thousands of workers. Using a more reasonable definition of small business — for instance, having income and deductions of less than $10 million — a recent Treasury analysis found that only 2.5 percent of small-business owners would face higher taxes from the expiration of the Bush tax cuts. Of those who would be affected, most are unlikely to reduce hiring or investment because of ample deductions for business expenses.
- “We’re not creating any wealth in this country. There’s too many people on the dole.” – The Maddow Blog
— Waldo County (Maine) Treasurer David Parkman at an Americans for Prosperity rally on Saturday.
Actually, we are making people richer — the rich people.