Here we go again

The President's budget calls for extending the Bush tax cuts for those earning less than $250,000 per year and letting the cuts expire for those earning above the $250,000 level.  The Republicans have attacked this plan, again, saying that it will hurt the precious job creators.  Let's take a look at the specifics.  According to the IRS, only 3% of small businesses will be effected by this plan and, a large percentage among the 3% are actually not typical small businesses at all in the sense that they hire a large number of employees.  Instead they are Lawyers and Hedge Fund managers that organize themselves as small businesses for tax write off purposes and make an extreme amount of income.   Don't forget, employee costs, if applicable,  are deductions and don't apply to taxes and so once again the Grover Norquist crowd is leading the charge of protecting their obscene unmitigated greed.