Hoyer Says Small Businesses Don't Make $280,000 Per Year So They Won't Be Hurt by Democrats' Planned $540-Billion Tax Hike

Washington (CNSNews.com) – House Majority Leader Steny Hoyer (D-Md.) said that job growth and economic recovery would not be harmed by a Democratic plan to increase income taxes by $540 billion to pay for their health-care reform proposal because the tax hikes would not affect small businesses.

Hoyer also said he could not think of any small business owners who make enough money to qualify for the higher taxes.

Speaking at his weekly press briefing on Tuesday, Hoyer said that the proposed tax was merely a surcharge on wealthy individuals, explaining that the tax increases were graduated.