May 31, 2012
FACT CHECK: Speaker Boehner Again Makes False Claims About Tax Breaks for Millionaires
During a press conference today, House Speaker John Boehner again made false claims about ending tax breaks for millionaires, saying “half of those who would get this higher tax are small business people.”
In reality, Speaker Boehner’s claim has been ruled untrue by the non-partisan FactCheck.org, and when Boehner previously made this claim, his staff had to admit it was wrong. According to the Treasury Department, only 13 percent of millionaires are small business owners.
FactCheck.org Previously Said Boehner “Greatly Exaggerated.” On November 6, 2011, ABC News aired an interview with House Speaker John Boehner. During the program, the Ohio Republican claimed that increasing taxes on millionaires would affect over half of small business people. Responding to a question about a “millionaires tax,” Boehner claimed: “Well, over half of the people who would be taxed under this plan are, in fact, small-business people. And as a result, you’re going to basically increase taxes on the very people that we’re hoping will reinvest in our economy and create jobs. That’s the real crux of the problem.” On November 9, 2011, FactCheck.org evaluated Boehner’s statement and concluded the House speaker “greatly exaggerated.” [FactCheck.org, 11/9/11]
Boehner’s Spokesman: “He Could Have Worded it Better.” When asked about what the House Speaker said on ABC, his spokesman admitted his boss’ claim was wrong. “He could have worded it better,” emailed Michael Steel to FactCheck.org. [FactCheck.org, 11/9/11]
Only 13 Percent of Millionaires are Small Business Owners. According to a paper written by Treasury Department’s Office of Tax Analysis, only 51,000 of the 392,000 millionaires are small-business owners, or just 13 percent. According FactCheck.org, the Treasury Department’s paper on small business classification is “the most sophisticated look at the issue that we’ve seen thus far.” [FactCheck.org, 11/9/11]