A conservative group misleads voters mightily on Obama's tax plans for small businesses.
Summary
A conservative group called RightChange.com has spent $3 million running ads that largely criticize Obama and his tax plans. They're false:
Two ads say Obama would tax "small businesses" at a rate of "62 percent." He wouldn't. That number is an inflated estimate of the very top tax rate, and it doesn't represent what Obama has proposed.
That false figure includes an increased Social Security tax rate that Obama doesn't support, plus the state income tax rate paid by people making more than a million dollars a year in California.
One ad implies that regular folks just trying to make it as entrepreneurs would be hit with such a rate. But even if this estimate were correct – and it's not – it would affect the wealthiest taxpayers and only 1 percent of those who could generously be considered small-business owners.
Note: This is a summary only. The full article with analysis, images and citations may be viewed at FactCheck.org
No comments:
Post a Comment