Yesterday, Republicans again shot down an extension of a payroll tax break for middle-class families due to their objection to a 1.9 percent tax increase on the top 0.2 percent of income earners. Naturally, Republicans are recycling their spurious claim that taxing America’s millionaires will somehow hit small businesses and stifle job creation. “It’s just intuitive that, you know, if you’re somebody who’s in business and you get hit with a tax increase, it’s going to be that much harder, I think, to make investments that are going to lead to job creation,” said Sen. John Thune (R-SD).
Hoping for more than Thune’s intuition, NPR put out a request to Republican offices and the business groups that have been lobbying against the surtax to find business owners who’d be affected. Unsurprisingly, Republican leadership and the business groups came up empty.
Here.
