Perkiomen Business Profiled in GOP Response to Obama's Montco Visit
Jerry Gorski of Gorski Engineering responds to the President Obama's comments regarding a potential tax hike.
The CEO of Gorski Engineering Co., Jerry Gorski, was featured in a response video to President Barack Obama’s stop in Hatfield Township on Friday. “This is Small Business in America,” created by House Majority Whip Kevin McCarthy (CA-22) recalls a quote previously made by Obama regarding the tax code in the United States. “What we then do is ask for the wealthy to pay a little bit more,” said Obama in the video. McCarthy takes issue with Obama's definition of "wealthy," attacking the president's proposal to raise taxes on small businesses and individuals earning more than $250,000 per year. “This notion of $250,000 being the top two percent or the wealthy people in America ignores the way most small businesses work in America,” said …
In this Article:
Jack Minster
9:55 am on Thursday, December 6, 2012
Unlike corporations, business profits flow through to owners. Owners pay taxes on their small businesses by adding profits to their income tax forms. Therefore, personal income taxes are the same thing as small business taxes. The Obama-Biden plan to raise the top two marginal income tax rates (from 33 and 35 percent today to 36 and 39.6 percent, respectively) is a hike in America’s small … more ›