Tuesday, June 1, 2010
Joe Kristan was the first to flag a particularly odious aspect of H.R. 4213
, the American Jobs and Closing Tax Loopholes Act of 2010 currently making its way through Congress: small businesses would be hit with a 2.9% medicare tax increase which would not apply to larger competitors:
For a detailed discussion of the proposal, see pages 294-300 of the Joint Committee on Taxation's Technical Explanation.