Thursday, August 1, 2013

Obama: Tax Cuts for Big Business, Tax Hikes for Small Business Owners

The New York Times reports that President Obama would like to modify the U.S. Tax Code.  His proposal is to cut the corporate tax rate from 35% to 28% and to hike the top individual tax rate to 39.6%.

The individual tax rate is the rate that many small business owners pay.

Oh, and remember this?

Part of his proposal is to also close "tax loopholes," though he didn't describe what any of those might be.  Flashback to 2012, candidate Obama excoriated Mitt Romney for talking about closing tax loopholes without stating what those specific loopholes might be.

What do the Democrats have against small business owners?

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