The myth that raising taxes on business owners will cost the country jobs continues to thrive.
Recently, Rep. Peter Roskam, R-Ill., made this claim on National Public Radio. Why? "Because," he said, "95 percent of all small-business owners pay taxes at the individual rate rather than a lower corporate rate."
What he meant was that they file as sole proprietorships, partnerships or Subchapter S corporations. Those owners all pay taxes based on the same rate that the rest of us pay -- a rate, by the way, that is already the lowest it has been since 1969.