Fact Checker Nails Obama for Tax Cut Claim
“As I said, we’ve actually cut taxes for small business 16 times since I’ve been in office. So taxes for small businesses are lower now than they were when I came into office.”
–President Obama, Town Hall with LinkedIn, Sept. 26, 2011
We’ve been meaning to look into the administration’s claim that the president has cut small business taxes “16 times,” and now the president’s appearance in Silicon Valley has given us an opportunity. (The White House also has claimed as many as 17 small business tax cuts, including a tax cut in a bill signed at the end of 2010.)
The president, in fact, went even further this week and asserted: “Taxes for small businesses are lower now than they were when I came into office.” That’s a big claim. How true is this?
Watch Obama’s appearance at Linked In: