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Cheney and Bush Send Mixed Messages on Subchapter S Corporations [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009)

The_Gopher

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Sat Oct-09-04 01:25 AM
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Cheney and Bush Send Mixed Messages on Subchapter S Corporations

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Bush and Cheney send mixed messages regarding Subchapter S corporations. From their respective debates:

Cheney: While you were in private practice in law and as a senator, you had the advantage of a special tax loophole, Subchapter S corporation, which you set up so you could avoid paying $600,000 in Medicare taxes that would have gone into the fund.

Bush: Most small businesses are Subchapter S corps. They just are.

So Cheney is deriding something, and Shrub is saying that's just the way it is? Which is it, boys?

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