Bush Admin.Lied About Benefits for Small Bus.

News and Opinion for Democrats Against Bush -- Part II

Bush Admin.Lied About Benefits for Small Bus.

" . In talking about his 2001 tax cut, the President specifically promised that there would be "more than 17.4 million small business owners and entrepreneurs who stand to benefit from dropping the top rate from 39.6% to 33%" - the major piece of his proposal.²

But according to nonpartisan analyses of IRS and Treasury Department data, just 3.7% of small business owners are subject to these top tax rates - meaning the rest receive almost nothing from the major piece of his plan.³

In other words, for every small business owner that benefits, there are 15 small business owners that do not. All told, small business owners "would be far more likely to receive no tax reduction whatsoever from the Administration's tax package than to benefit" in any way.

--The Daily Mislead

Daily Mislead Archive

December 2, 2003

Bush Claims of Small Business Tax Cuts Exaggerated

To read the complete article - with links to the documentation - click here: http://www.misleader.org/daily_mislead/Read.asp?fn=df12022003.html

Excerpt--

On a campaign trip to Michigan yesterday, President Bush echoed one of his familiar claims, saying "I want to remind people about is that the tax relief was geared toward small businesses...When you hear us talking about reducing all taxes on individuals, you really hear also the message that we're reducing taxes on small businesses."¹

This statement is the most recent in a long line of similar assertions - an unscientific Lexis-Nexis search shows, that in just the three years since Bush became President, he and Vice President Cheney have given at least 150 separate speeches claiming that their tax proposals are specifically geared to helping small business.

But simple statistics show just how misleading these statements are. ...

http://www.misleader.org/daily_mislead/Read.asp?fn=df12022003.html

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