McConnell tells small business owners tax increase on wealthiest Americans is "crazy."

05/29/2012 03:16 PM

LOUISVILLE — U.S Senator Mitch McConnell focused his remarks to small business owners Tuesday on a familiar theme of his: opposing Democrats’ proposals to raise revenue by increasing taxes on the wealthy.

McConnell spoke briefly to business owners at the Kentucky Get Your Business Online event in downtown Louisville, which also featured speakers from Google and website building firms. McConnell has repeatedly argued that an increase of taxes on millionaires could affect limited liability companies whose owners file taxes as individuals.

“Be aware when you hear all this loose talk on raising taxes on people making a lot of money, it’s probably you,” McConnell said to business owners.

“The vast majority of American businesses do not pay taxes as corporations they pay taxes as individuals,” McConnell told reporters after the event.

McConnell said a tax increase on wealthiest Americans would be a huge hit to the U.S. economy.

About Nick Storm

Nick Storm is the Anchor and Managing Editor of Pure Politics, the only nightly program dedicated to Kentucky politics. Nick covers all of the political heavyweights and his investigative work brings to light issues that might otherwise go unnoticed, like the connection between the high profile Steubenville, Ohio rape and a Kentucky hacker whose push for further investigation could put him in federal prison. Nick is also working on a feature length bio documentary Outlaw Poet: A documentary on Ron Whitehead. Follow Nick on Twitter @NickStorm_cn2. Nick can be reached at 502-792-1107 or nicholas.storm@charter.com.

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