President Obama has touted his treatment of small businesses repeatedly over the course of the campaign, and last weekâ??s presidential debate was no exception. â??I also lowered taxes for small businesses 18 times. And what I want to do is continue the tax rate â?? the tax cuts that we put into place for small businesses and families,â? argued Obama.
While in the strictest sense it is true that the president has lowered taxes for small businesses 18 times, this does not accurately reflect the totality of his small-business tax policy. In fact, on net, the presidentâ??s policy proposals will inflict significant harm on small businesses.
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