President Obama: ‘encouraging’/planning to tax into oblivion start-up businesses.......

For the morbidly curious, here’s the situation: there’s a bill in Congress that would freeze student loan rates. It’s stalling because, well, that’s going to cost us $5.9 billion and the money’s got to come from somewhere. So the N-dimensional geniuses over at the White House went to Congressional Democrats and found six billion worth of pork to cut… Oh, I am quite the comedian! They’re Democrats: they never cut spending. No, what Obama and the rest of his merry crew did instead was come up with a plan to generate the revenue via increased restrictions for S Corporations re: eligibility for payroll tax exemptions.