Mitch gets fact-checked

The nonpartisan fact-checkers at FactCheck.org are calling Mitch McConnell out for his "small-business bunk":

On "Meet the Press," Senate Minority Leader Mitch McConnell repeated a claim about the expiring tax cuts and small businesses that we’ve seen, and shot holes in, before.

McConnell: Over 700,000 small businesses pay taxes as individuals. They would be hit by raising the top rate above $250,000; 700,000 of our most productive and effective small businesses. That’s 50 percent of small business income and 25 percent of the work force in the middle of a recession.

...[The congressional Joint Committee on Taxation] says that not all of these taxpayers are entities that would be considered "small" businesses. The committee doesn’t know how many fall under that rubric; neither does McConnell.