Washington, D.C. (PRESS RELEASE – November 8, 2009) — The Joint Committee on Taxation (JCT) is reporting what the small business community has been saying all along – proposed tax increases on the “wealthy” amount to big tax increases on small business owners.
In a November 3, 2009 memo, the JCT estimates that one-third of the $460.5 billion estimated to be raised from H.R. 3962, the “Affordable Health Care for America Act,” through a proposed 5.4 percent surtax is business income.
joint committee on taxationSmall Businesses Get Whacked With Tax Increases in Pelosi Health...Small Business Trends Sun, 11/08/2009 - 05:00
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