President Obama,Dems:Tell the media only 4.1% of small businesses would be affected by tax surcharge

[flpoljunkie]

Additionally, the legislation would establish a 1 percent tax on taxpayers filing joint returns if income exceeds $350,000 but not $500,000 per year; a 1.5 percent tax if income exceeds $500,000 but not $1 million per year; and a 5.4 percent tax if income exceeds $1 million per year, with single filers subject to the surtax starting at $280,000 per year. In a July 15 Huffington Post piece, Rep. George Miller (D-CA) stated that, according to the Joint Committee on Taxation, this would affect "only 4.1 percent of all small business owners":

http://mediamatters.org/research/200907190009

And, if Nancy Pelosi's 'millionaires' tax surcharge becomes, the percentage would be even less!

The Republican response to President Obama's radio address lied about how health care reform would destroy 1 million small business jobs. These lies must be refuted.

[FreakinDJ]

1. But how many businesses would "Pay Less"

I don't see anyone discussing that possibility at all.

Hospitalisation cost have 20% added in to cover the cost of "Unreimbursed Medical Expenses". The millions of small businesses now providing Health coverage for their workers would see a reduction in cost IF the Government Option is available to them.

[ProSense]

2. May not need to if they

tax insurance companies

Best way to go.