http://www.whitehouse.gov/blog/2012/07/09/extending-middle-class-tax-cuts-98-americans-and-97-small-businesses
and they're off and running again renewing an old conntrivance doesn't make more valid then it was when it was first raised.
It may be time to add another phrase to the fiscal cliff lexicon: carve-out.Republicans in the Senate are brainstorming ways to shield small businesses from tax hikes should they be unable to persuade President Barack Obama to extend the Bush tax rate cuts for everyone.Maine Republican Susan Collins and other GOP senators are toying with what they’re calling a “carve-out” to benefit small businesses that pay their taxes through the individual side of the Tax Code.A sort of GOP Plan B, a carve-out could give Republicans — and some red state Democrats — a way to save face if they’re faced with a choice between allowing the government to go over the fiscal cliff or swallow some sort of marginal tax rate increases.
they loss and they are already decieving and misleading us on intent and content.
“In reality, only a tiny fraction of the top earners actually own, control and manage a business that is small and has hired anyone,” Senate Finance Committee Chairman Max Baucus (D-Mont.) said on the Senate floor in July.
they are still trying to mislead on what and who are small business, the bill states only those who make over 250,000 moneies after that would be taxed not the first quater million.
Extending Middle Class Tax Cuts for 98% of Americans and 97% of Small Businesses http://www.whitehouse.gov/blog/2012/07/09/extending-middle-class-tax-cuts-98-americans-and-97-small-businesses
