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TPM: Schumer Adopts GOP Argument Against Obama Tax Plan
TPM ^ | 10-5-11 | Brian Beutler

Posted on 10/05/2011 11:30:26 AM PDT by tcrlaf

President Obama has made ending the Bush tax on incomes above $250,000 a year a top goal of his presidency. Republicans have predictably fought him at every turn, and used misleading statistics to characterize the plan as one that would cripple small businesses -- when in fact only sliver of the impact would fall on truly small businesses.

Wednesday, those Republicans got a big, if unintentional, assist from Sen. Chuck Schumer (D-NY) -- a member of Democratic leadership, who has been a leading advocate for setting the threshold at $1 million in income.

"There are people making 250, 300 [thousand dollars] in many of our states who are not rich; there are small businesses struggling," Schumer told reporters at a Capitol press conference about Obama's jobs bill. "So we prefer the million dollars."

(Excerpt) Read more at ...

TOPICS: Business/Economy; Extended News; News/Current Events; Politics/Elections
KEYWORDS: americanjobsact; millionaires; passthisbill; schumer; sonofporkulus; stimulus2; taxes
Schumer has to keep that Big Bank money rolling in, if he wants to be re-elected...
1 posted on 10/05/2011 11:30:30 AM PDT by tcrlaf
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To: tcrlaf

If you are making 250k-300k as a self-employed businessperson in Schumer’s district you are lower middle class household that is no more than 6 months away from b/k.

2 posted on 10/05/2011 2:18:45 PM PDT by JerseyHighlander
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