October 29, 2008
CNET Columnist Uses Robert Carroll?s Study on Small Business Taxes on CBS News
"Read Declan McCullagh's Lips: No New Taxes"
By Declan McCullagh
Too much attention has been focused on Obama's proposal. That includes letting the scheduled 2011 tax rate hikes occur, boosting taxes on what the Tax Foundation calculates to be 50 percent of small business income, and even doling out money to Americans who pay no income taxes.
These reveal what a President Obama would like to do. The reality, though, is that Congress, not the president, writes tax laws.
