The White House this week tried to downplay it by asserting Biden's increase in the top marginal income tax rate would "only" hit three percent of small businesses.
Three percent of 31.7 million small businesses is 951,000 small businesses. And the White House failed to mention the one million small businesses organized as C-corporations: the Biden plan calls for a federal corporate tax rate increase to a higher-than-communist China rate of 28 percent.
So that's at least 1.9 million small businesses that will get hit with Biden tax increases -- which does not even include the number of small businesses that would get hit from Biden's elimination of stepped-up basis.
The Tax Foundation notes that IRS statistics "show more than half of pass-through business income could face tax increases" under Biden."
Full article with list of changes on zerohedge.com
What is it with the government state and federal going out of their way to destroy small businesses any way they can?
| Gen. George Patton's famous speech, played at the Trump Rally last night | Rant & Rave, Editorials, Beaufort Observer, Op-Ed & Politics | CDC lies yet again by manipulating data |
|
search warrants approved by federal judge
Published: Wednesday, May 6th, 2026 @ 1:14 pm
By: John Steed
|
|
If you are covering Roy Cooper in Greensboro today, please consider the following statement from the Republican National Committee:
Published: Wednesday, May 6th, 2026 @ 11:14 am
By: Kevin Smith
|
|
betrayed GOP on congressional redistricting
Published: Wednesday, May 6th, 2026 @ 9:02 am
By: John Steed
|
|
Roy Cooper is “pro-crime”
Published: Tuesday, May 5th, 2026 @ 3:59 pm
By: Countrygirl1411
|
|
referendum in October - will it become US 51st state?
Published: Tuesday, May 5th, 2026 @ 2:57 pm
By: John Steed
|
|
girl was talked into removing her healthy breasts
Published: Monday, May 4th, 2026 @ 7:48 pm
By: John Steed
|
|
Obama and Biden judges abuse power for political reasons to try to stop Haitian deportations
Published: Monday, May 4th, 2026 @ 10:18 am
By: John Steed
|
|
teachers union rally held on major socialist / communist May Day holiday
Published: Monday, May 4th, 2026 @ 9:03 am
By: John Steed
|
|
Democrats foment climate of violence against Trump and GOP
Published: Sunday, May 3rd, 2026 @ 5:19 pm
By: John Steed
|
|
66% say it is a bad thing, 9% a good thing
Published: Sunday, May 3rd, 2026 @ 9:44 am
By: John Steed
|
|
"This stops NOW: - Trump Ag Secretary Rollins
Published: Sunday, May 3rd, 2026 @ 9:01 am
By: John Steed
|
|
Cheryl Hines. Dennis Quaid. Nicki Minaj. All became associated with the Trump administration. What happened next?
Published: Friday, May 1st, 2026 @ 6:20 pm
By: Daily Wire
|
|
A federal grand jury in North Carolina has indicted former FBI Director James Comey on two charges related to making threats against President Donald Trump.
Published: Friday, May 1st, 2026 @ 6:20 pm
By: Carolina Journal
|
|
Their goal was simple: to put a Planned Parenthood in every mailbox in America.
Published: Friday, May 1st, 2026 @ 6:20 pm
By: Daily Wire
|
|
Treasury officials allege these groups pose as humanitarian entities while covertly siphoning donations to Hamas.
Published: Friday, May 1st, 2026 @ 6:20 pm
By: Daily Wire
|
|
President Donald Trump has publicly floated regime change and other aggressive actions toward Cuba.
Published: Friday, May 1st, 2026 @ 6:20 pm
By: Daily Wire
|
|
With a new roadside plaque unveiled in Ellerbe on April 23, legendary wrestler and local resident André René Roussimoff is finally getting the formal recognition fans believe he deserves.
Published: Friday, May 1st, 2026 @ 6:19 pm
By: Carolina Journal
|
|
County Republicans request the State Party intercede to correct issues.
Published: Friday, May 1st, 2026 @ 6:19 pm
By: Beaufort Observer Editorial Team
|
|
Following a string of attacks, critics are calling for denaturalizations. It's not that simple.
Published: Friday, May 1st, 2026 @ 6:19 pm
By: Daily Wire
|
|
legislation advancing to prohibit WEF materials in curriculum
Published: Friday, May 1st, 2026 @ 6:12 pm
By: John Steed
|
|
Democrat safe districts under fire
Published: Friday, May 1st, 2026 @ 3:08 pm
By: John Steed
|
|
Understanding how parties work is important for making informed decisions regarding elected officials.
Published: Friday, May 1st, 2026 @ 2:53 pm
By: Beaufort Observer Editorial Team
|
|
The solution is not to legalize the problem; it is to enforce the law consistently and deter future illegal immigration.
Published: Friday, May 1st, 2026 @ 2:53 pm
By: Daily Wire
|
|
The teachers union is pushing to cancel school on May 1 as Chicago public schools continue to report dismal student proficiency rates.
Published: Friday, May 1st, 2026 @ 2:53 pm
By: Daily Wire
|
|
"The shooter is now deceased thanks to a group of brave students."
Published: Friday, May 1st, 2026 @ 1:51 pm
By: Daily Wire
|
|
targeting sponsors of pro-amnesty "Dignidad" bill
Published: Friday, May 1st, 2026 @ 8:34 am
By: John Steed
|
|
Mission accomplished on sending inspiration from the dark side of the moon.
Published: Thursday, April 30th, 2026 @ 9:29 pm
By: Daily Wire
|
|
illegal alien "asylum seeker" migrants are a crime wave on both sides of the Atlantic
Published: Thursday, April 30th, 2026 @ 9:09 pm
By: John Steed
|
|
It has been several days since a deranged left-wing lunatic attempted to assassinate President Trump and other members of his administration and yet Roy Cooper is STILL silent out of fear of alienating his base, who is perfectly okay with violence.
Published: Thursday, April 30th, 2026 @ 11:00 am
By: ENC NOW
|
|
by Rev. Mark Creech
Published: Thursday, April 30th, 2026 @ 11:00 am
By: Countrygirl1411
|
|
reflects political bias in the classroom
Published: Thursday, April 30th, 2026 @ 10:45 am
By: John Steed
|
|
good news for GOP
Published: Thursday, April 30th, 2026 @ 9:12 am
By: John Steed
|