Rich? A Look at What $250,000 Means

As Guy wrote about already, President Obama is proposing $50 billion in new spending on the backs of America's small business owners, otherwise known as those who make more than $250,000 per year. House Majority Whip Kevin McCarthy is out with a new video today explaining why the "rich" tax hike Obama is proposing will only make a bad situation worse for those who are barely capable of being successful in this economy. "This is Small Business America," profiles S corporation owner Jerry Gorski, who lives just 15 miles away from where Obama will kick off his campaign today to once again try and sell his new spend and tax plan. Gorski currently employs 17 people at Gorski Engineering.

This notion of $250,000 being the top 2% or the wealthy people in America ignores the way most small businesses work in America.