Wow! Andy Card just lied and said there aren't many small businesses that make less than $250,000!

[flpoljunkie]

Surely, Card could not be that misinformed! Andy Card, President George W. Bush's Chief of Staff, is Morning Joe's guest. Too bad Willie Geist is not there today. Last week Geist called out someone repeating this endlessly GOP flogged 'small bidnessman lie' with the truth--less than 2% of small businesses would be affected by President Obama's plan to tax those earning over $250,000 (at Clinton's old top tax rate o 39.6%).

Only 1.9 percent of taxpayers with small-business income face either of the top two income tax rates. Thus, allowing the 2001 reductions in these rates to expire as scheduled in 2010 would not affect most small-business owners. Strengthening the Earned Income Tax Credit could help more than seven times as many small businesses as extending the reductions in the top rates.

http://www.cbpp.org/files/8-29-08tax.pdf

[flpoljunkie]

1. Card was, of course, unchallenged.NYTs' Charles Blow whined $250K wasn't enough for big city people!

Unbelievable!

[babylonsister]

2. Earlier he was bemoaning the plight of the rethugs and how

badly they've been treated for almost 2 whole years. :cry:

He's not a legitimate anything imo, but that never stopped schmo.

[JamesA1102]

3. You can't maintain a middle class democracy

with a millionaire press corps.

[flpoljunkie]

4. They do seem quite obsessed with keeping those Bush tax cuts for those making over $250K! LOL!

[Art_from_Ark]

5. I wish someone would ask Card

what he whispered for 2 seconds in bu$h's ear at 9:05 a.m. on September 11, 2001 in a 2nd grade classroom and why he didn't even bother to wait for a response from his boss.

[Jensen]

6. The M$M gets away with it because WE are not loud enough...

By we I mean us the progressives.Where is our anger? How do we show our rage?? Where is a at least a thousand Tweets calling them You Lied ?where are our Dem's? They are great at changing the narrative because we are slow to anger! I remember the night that then Senator O and Senator Clinton were debating on ABC and the calling that went out that night!! Let's use the tools we have... They maybe small but we can at least make a effort... This is just my honest 2 cents worth. Thank you

[CTyankee]

17. jAlso, there are progressives who are vehemently opposed to giving MJ attention.

They like to give those of us who do watch it intermittantly a bit of grief for "ruining our day." To which I cheerfully say "To each his/her own!"

If we keep informed to what they're saying on these shows, we can refute their lies...but you aren't going to be able to tweet something you don't even know about...

[FormerDittoHead]

7. They like to confuse people between "income" and "profit".

I remember "Joe the Plumber" making this mistake.

People whose wages are otherwise 100% subject to taxes don't get it that businesses are taxed on PROFITS.

[Frustratedlady]

10. Yes, I don't understand why they don't emphasize it is the bottom line...

the "taxable income" they are referring to, or am I wrong?

[flpoljunkie]

12. Yes. Small business owners pay income tax on net income--profit after deducting expenses.

Net income is calculated by taking revenues and adjusting for the cost of doing business,

[monmouth]

8. Willie was on this morning, I guess he smartly ducked out for this

segment. Joe probably wanted no truth to be told...LOL.

[flpoljunkie]

11. 'Vewy, vewy' interesting. Noticed that, as well.

[Sky Masterson]

9. I own a small business

I've never brought in that much

[nevergiveup]

13. I am a small business person

and in my small town you can drive down the business section and you will find 3 small businesses that probably makes more than $250 thousand. The business section is 3 blocks long and we are talking approx 60 small businesses. There are only three of these businesses including mine that has been here for more than 25 years. I know all these people. Andy Card needs to get out more.

[flpoljunkie]

14. What Andy Card really needs to do is to tell the truth and not repeat Republican lies

[Sheepshank]

15. wow...what a load of bull

in the City where I work, there are 5300 businesses. 30% gross less than $50K/year. Next bracket, 35% gross under $150K/year. Of course many of those 30%ers are home based, but they are businesses none the less and that just doesn't jive with those made up stats of his.

[flpoljunkie]

16. The GOP 'small business' tax lie is an oldie but a goodie' for them--cause it works!

Particularly with a feckless and complicit media.

[Beartracks]

18. Yep: Lie first, then claim semantics and statistics...

... when your opponents call you on it by quoting the truth. You can then just paint your opponents as disgruntled, misinformed, biased, whatever.

Why does this make me think of one of those Goebbels quotes?

--------------------------------

[jenmito]

19. I saw that. I couldn't believe that nobody contradicted him...

wasn't Charles Blow there when he said it?

[flpoljunkie]

20. Blow whined that for big city people $250,000 was not a lot of money!

Yes, he did!

[jenmito]

21. I saw that, too...

and I guess he really believes that most small businesses DO make more than $250,000. Why does it seem the media only has Black people on who disagree with Obama?!

[flpoljunkie]

23. Great point, Jenmito!

[old mark]

22. Hey, $250,000 is not really enough for me, either, but over the last

63 years, I have adjusted to not having it...

mark

[flpoljunkie]

24. You and the other 98% of the American people.

Good one!

[ksoze]

25. Personal income or Business Profit income?

The CBPP study referenced seems to be referring to personal income - the salary & wages of the small business owner. When this is discussed or used by many, it seems many times to be alluding to the business revenues or profits, which is misleading to many.

[harun]

26. Heck a lot of big business's don't make $250,000 a year. You can have a market cap of 100 billion

and still not make any profit for the year.