Limbaugh falsely claimed that taxes on "most small businesses" would increase if Bush tax cuts on wealthiest Americans expire
February 23, 2009 4:43 pm ET
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SUMMARY: Rush Limbaugh falsely claimed that taxes would increase on "most small businesses" if the Bush tax cuts on Americans making more than $250,000 expire in 2011. In fact, the Tax Policy Center stated that in 2007, about 2 percent of tax returns that reported small-business income are in the top two income tax brackets, which include all filers with taxable incomes of more than $250,000.
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