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.
Below the Fold
Time for bills in General Assembly getting tight as lawmakers head into second half of 30-day session
Bill looking to limit contingency fee contracts awarded by attorney general to $10M clears House committee
Subscribe and get the latest political intelligence delivered to your inbox.