[Darnisg]

Factcheck.org:
http://factcheck.org/2010/09/factche...dge/index.html

The Republican “Pledge to America,” released Sept. 23, contains some dubious factual claims:

• It declares that “the only parts of the economy expanding are government and our national debt.” Not true. So far this year government employment has declined slightly, while private sector employment has increased by 763,000 jobs.
• It says that “jobless claims continue to soar,” when in fact they are down eight percent from their worst levels.
• It repeats a bogus assertion that the Internal Revenue Service may need to expand by 16,500 positions, an inflated estimate based on false assumptions and guesswork.
• It claims the stimulus bill is costing $1 trillion, considerably more than the $814 billion, 10-year price tag currently estimated by nonpartisan congressional budget experts.
• It says Obama’s tax proposals would raise taxes on “roughly half the small business income in America,” an exaggeration. Much of the income the GOP is counting actually comes from big businesses making over $50 million a year.

[adsexpist]

Now, Richard, you and I both know that $50 million is small business to the GOP. Wall Street and Big Oil are their turf.

[lierro]

Yes, indeed. From the Washington Post:

Republicans oppose President Obama's plan to raise taxes on the nation's wealthiest households because, they say, many small businesses - a major engine of job growth - would be slapped with a tax hike.

"The top 2 or 3 percent" of all small businesses would see their taxes go up under the Obama plan, Sen. Orrin Hatch (R-Utah) fumed this week. "That's 750,000 to 800,000 small businesses! That create most of the jobs in our society!"

The thing is, some of those businesses are not particularly small. In fact, they're quite large.

Among the firms Republicans want to protect from new taxes, according to research by House Democrats: The management team at Wall Street buyout firm Kohlberg, Kravis and Roberts (KKR), which recently reported more than $54 billion in assets managed by 14 offices around the world. Auditing firm PricewaterhouseCoopers, a household name with operations in more than 150 countries. And the Tribune Corp., which owns the Chicago Tribune, the Los Angeles Times and the Baltimore Sun.

KKR, PricewaterhouseCoopers and the Tribune, it turns out, are organized as "pass-through" entities - companies that typically avoid corporate taxes by reporting profits on the individual tax returns of their owners, managers or shareholders.

...

(D-Md.), a member of House leadership who heads the committee charged with electing House Democrats: "Republicans are trying to disguise this issue as a small business issue when the facts tell a different story. Among the major beneficiaries are hedge funds, billion-dollar private equity funds, major Washington lobbying firms and other million-dollar special interests."

[TyncTyncSah]

Anyone see Stewart talking about how the Pledge is being touted as this new plan, but it's all leftovers from the Bush years and prior? Boehner went as far to say it was the same stuff they've tried earlier (a la the Bush years). They even put together a montage of Boehner saying the same exact speech he gave both last week and years ago! Priceless!

[Abaronos]

Here it is:

http://www.fancast.com/tv/The-Daily-...stcards/videos