Skip to comments.TPM: Schumer Adopts GOP Argument Against Obama Tax Plan
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 tpmdc.talkingpointsmemo.com ...
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.