On the recordFebruary 23, 2010
We keep hearing from the President, we want to tax the rich. Most small businesses in this country file their income taxes individually because they're sub S corporations, which means that their income taxes are filed individually, as a person or as a couple. And over half of those people that make over $200,000, which is in the President's current proposal, are small businessmen and women, and it's taxes on their business. So, by taxing folks making over $200,000 or over $250,000, what it's going to do is it's going to take money out of small businesses so that they can't expand, so that they cannot give their employees the kind of salary that their employees deserve. And I've talked to a lot of small businessmen and -women in Georgia who are going to have to let people go. So this is going to cost a lot of jobs. In fact, millions of jobs all over this country are going to be lost because of this tax, so-called tax on the rich, because it's really a small business tax. It's a tax on small business that's going to cost millions of people their jobs in this country.





