If you enjoy the content at iBankCoin, please follow us on TwitterRepublicans maintain that the 2 percenters include business owners who would lose the incentive to add jobs if they had to pay higher marginal tax rates.
“Those who will be punished in the president’s proposal are A, small business owners, and B, those who are most likely to contribute to economic growth,” Representative Kevin Brady, a Texas Republican and member of the House Ways and Means Committee, said in an interview on C-SPAN’s “Newsmakers” July 15. “We might be able to find one economist who thinks it’s good for the economy trying to raise those taxes, but we would wear out a car trying to find a second.”