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FBN's Liz MacDonald on how President Obama's new tax plan will impact small-business owners' wallets.
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Current -- as those competence.
Did drop to the lowest level at eight months and president Obama's new tax plan isn't helping small biz optimism Elizabeth MacDonald.
Has the bottom -- Yeah that's right -- big -- summit and -- -- being small business confidence survey.
Basically 23%.
Of the small businesses surveyed said week's sales but more -- -- fifth cited taxes and about another 20% said.
Government regulations are to blame but the president saying yesterday.
That his new tax hikes will not hit the majority of small businesses.
97% of small businesses.
Fall under the 250000 dollar -- this isn't about.
Taxing job creators is about helping job -- All right but he's counting -- the 97% people who sell things on the day.
Or reports some kind of small business income but just look at just at 3% but the president says will be hit with -- new taxes.
They are responsible for 53% of the record of one point three trillion dollars in small business income.
That is reporter and an individual tax returns -- -- that means 689.
Billion dollars will be subject to the president's higher taxes.
And effectively we're talking that is hiking taxes on small businesses to create jobs and to lower the unemployment rate.
That's where the debate is now centered back to -- all right Leslie -- at the bottom line from our news or was it thank you.
