Sen. Hatch's So-Called Small Businesses Include Millionaire Athletes And Wall Street Firms

December 03, 2010 3:21 pm ET

Today, Sen. Orrin Hatch (R-UT) took to the floor of the Senate to criticize congressional Democrats for their handling of the pending expiration of the Bush-era tax cuts. Hatch claimed that he and his Republican colleagues "want to do more" than Democrats by extending tax cuts to earners in the highest income brackets. Hatch argued that "the so-called millionaires tax hike" was nothing of the sort, but instead a tax hike on hardworking small business owners. In reality, as Hatch's Republican colleague Lamar Alexander (R-TN) noted a few days ago, these so-called "small business owners" include multi-million dollar Wall Street firms as well as wealthy non-employer tax filers.

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