President Donald Trump exaggerates when he describes a reduction in the top marginal rate for pass-through business income as a boost to small businesses and truckers.
In press conferences on the so-called fiscal cliff, House Speaker John Boehner greatly exaggerated the negative effect on the economy of raising taxes on upper-income individuals.
Boehner erred when he said that “the problem with raising tax rates on the wealthiest Americans is that more than half of them are small-business owners.” That’s incorrect. Boehner’s spokesman said the speaker simply misspoke, but Boehner is a repeat offender with this bogus claim.
Boehner repeatedly cited an Ernst &
Is the Affordable Care Act “devastating to small businesses,” as some critics claim? We find such assertions are overblown. The law is actually beneficial to truly small companies.
See “GOP’s ‘Job-Killing’ Whopper, Again” (Feb. 21) for more on claims about the impact on small businesses.