Almost as reflexive as “tax cuts are the best remedies to fix the economy” is the GOP charge that tax hikes “hurt small businesses.” It’s a myth.
Obama’s tax hikes will impact households making more than $250,000 a year.
Ninety-five percent of small businesses would be unaffected.
And, contrary to GOPers* charges, “…most small businesses don’t create jobs. They tend to be lawyers, accountants and other professionals who earn some of their money from partnerships or otherwise organize themselves as a business entity.”
Meanwhile, small businesses are defined as those having up to 500 workers. The difference between one lone consultant and a 500-employee company is huge. Take it from me; I represent one of those categories. Guess which one.
*Last week, “Hardball’s” Chris Matthews took one poor Republican congressman to task for using the term Democrat party. I’m not sure why this affectation started, but clearly it’s meant to insult the party of Andrew Jackson. So until the practice stops, I’ll try to use either the term GOPers (rhymes with dopers) or Repugs, short for repugnant, to identify the party of Calvin Coolidge, Herbert Hoover and, of course, W, or as he hates to be called, Junior.