Thursday, October 16, 2008
Devastating Piece on Taxes
Here's a piece from CNN.com that destroys the myth of Obama destroying America's small businesses through being a dirty tax-and-spender. The whole thing's worth a read, but let me summarize. Turns out that, even with McCain's ridiculous definition of what constitutes a small business (he and Obama both qualify because of thier book income), it's only the top tiny portion of "small" business owners who would be affected. With any reasonable definition, it's tinier still. So, in a nutshell, it's exactly like every other Republican tax plan ever: cuts for the rich wrapped in populist rhetoric.