A national small business advocate argues that a proposed Democratic tax policy will kill 710,000 jobs over the long run and would shrink the economy by 1.3 percent.
According to the Associated Press, Senate Democrats are floating a drafted bill – as proposed by President Obama – that "would keep income tax rates where they currently are for families earning below $250,000 a year and individuals making less than $200,000.
"Obama and Democrats would let the tax cuts enacted a decade ago on those earning more than that expire, leaving them facing a top income tax bracket of 39.6 percent.
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