The Hill, Bloomberg uncritically reported McCain's false suggestion that Obama would increase taxes on 21.6 million small businesses

SUMMARY: The Hill and Bloomberg News uncritically reported Sen. John McCain's false suggestion in a June 10 speech that Sen. Barack Obama plans to raise taxes on 21.6 million small businesses that file taxes under the individual income tax. However, Obama has proposed rolling back the Bush tax cuts only on "people who are making 250,000 dollars a year or more," and according to the nonpartisan Tax Policy Center, only 481,000 small businesses fall into the tax brackets that would be affected by those increases.

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