CNBC's Bartiromo falsely suggested Obama proposed taxing small businesses' revenue
February 26, 2009 12:28 pm ET
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SUMMARY: In claiming that "small businesses ... are putting $250,000 in revenue out there, and they're going to get impacted" under President Obama's proposal to let the Bush tax cuts on wealthy taxpayers expire, CNBC's Maria Bartiromo falsely suggested that Obama has proposed taxing small business revenue. In fact, Obama has proposed raising marginal income tax rates and reducing income tax deductions for individuals earning more than $200,000 per year and for couples earning more than $250,000 per year.
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