Bush tax cuts http://wfpl.org en McConnell: President Wants Tax Hike for Small Businesses http://wfpl.org/post/mcconnell-president-wants-tax-hike-small-businesses <p><span id="articleText">Senate Minority Leader Mitch McConnell, R-Ky., quickly came out against </span>President <a href="http://content.usatoday.com/communities/theoval/post/2012/07/obama-to-call-for-middle-class-tax-cut-extension/1">Obama&#39;s push for Congress to end the Bush-era tax cuts</a> for those who making over $250,000 annually.</p><p>The president spoke from<span> the White House on Monday, arguing that he has cut taxes for the middle-class Americans and that 97 percent of all businesses would not see</span> their taxes increase. It renews a previous fight between Mr. Obama and Republican lawmakers, but the proposal also puts the administration at odds with congressional Democrats who have called for extending the the cuts for everyone except people earning more than $1 million a year.</p><p>McConnell says the proposal is a tax hike that will hurt job creators.</p><p><span>From McConnell&#39;s office:</span></p><blockquote><p>&quot;It&rsquo;s not an accident that the President didn&rsquo;t explain how his plan to raise taxes on small businesses will create jobs&mdash;he can&rsquo;t say that with a straight face, it simply isn&rsquo;t true. In fact, according to the Joint Committee on Taxation, nearly a million small businesses would feel this tax hike right away, and up to a quarter of the entire American workforce depends on these employers for a paycheck. Mon, 09 Jul 2012 17:03:58 +0000 Phillip M. Bailey 950 at http://wfpl.org