Claim: President Obama's proposed budget calls for rolling back President Bush's tax cuts for couples earning more than $250,000 . The increase would take effect in 2011. And, not so surprisingly, it has some Republicans up in arms. One of their main beefs: The move would hurt small businesses. On "FOX News Sunday" on March 1, Republican Rep. Paul Ryan of Wisconsin told host Chris Wallace that "more than half of the people who pay these higher taxes are the small businesses of America."
Fact-check: Half of the Wealthy Own Small Businesses? - FactCheck.org
Verdict: president obama's proposed budget calls for rolling back president bush's tax cuts for couples earning more than $250,000 . the increase would take effect in 2011. and, not so surprisingly, it has some republicans up in arms. one of their main beefs: the move would hurt small businesses. on "fox news sunday" on march 1, republican rep. paul ryan of wisconsin told host chris wallace that "more than half of the people who pay these higher taxes are the small businesses of america."
Organisation: FactCheck.org
Author: Lori Robertson
Date published: 2009-03-06T21:31:50