And she says a lot more: “I blame you for not understanding what an S Corporation is and how your lies about the Bush Tax cuts hurt the nearly 60% of small businesses that happen to be S Corporations . You see lesson one for you Mr. President is income passes directly through to the owners so when you tax us you hurt all employees and make it impossible for us to hire. Or as in our case we must now downsize and lower salaries. Most small businesses in America are S Corporations Mr.

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Small biz owner speaks up: Mr. President: Please Stop Immediately If Not Sooner