Matthews did not challenge Ehrlich's false suggestion about small business taxes

SUMMARY: On MSNBC's Hardball, Chris Matthews did not challenge former Gov. Robert Ehrlich's false suggestion that President Obama's proposal to let the Bush tax cuts for wealthy taxpayers expire would increase taxes on a large percentage of small businesses. 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, and according to the Tax Policy Center, just 2 percent of tax returns that reported small business income in 2007 are in the top two income tax brackets, which include all filers with taxable incomes that would be affected.

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