CNN's Gergen forwarded small business falsehood
Published
David Gergen forwarded the false Republican talking point that “a lot of small-business people, you know, pay taxes as high-income taxpayers. They're in the $250,000-plus. So, there are a number of them who felt like they're going to be facing crushing taxes.” In fact, according to data from the Tax Policy Center, only about 2 percent of families reporting small-business income in their 2007 tax returns are in the top two income tax brackets, which include those expected to pay more in federal income taxes under president Obama's proposal