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Stopping the Expansion of the Bush Giveaways to the Rich Doesn’t Impact Small Businesses

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The GOP is Hiding Behind Small Businesses to Push Its Massive Expansion of the Bush Giveaways to the Rich and Major Corporations

  • Republicans are not telling the truth when they claim the Democrats’ plan will hurt small businesses. They are using the same old, tired attacks that have been debunked for years. See here, here, here, here, here and here.

Here are the facts:

  • 98 percent of small businesses would be unaffected under the Democrats’ plan. Only two percent of small businesses would be affected if we allowed the Bush tax giveaways for the rich to end.

While in Office, George W. Bush Was a “Small Businessman” According to GOP Definition

In fact, using the GOP metric, the $84 that President Bush made from passive oil investments in 2001 made him a small business owner. Should we be counting on this kind of investment by the former president to create the massive number of jobs needed to counteract the effects of the Great Recession? [U.S. News, 8/13/10]

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