So, according to Keith Olbermann, repukes are pro-S-Corporations,

[muntrv]

not small business.

[grantcart]

1. exactly

they could re constitute themselves as an LLC and not face any tax increase.

[malaise]

2. This is brilliant

Go Keith!! Go David Cay Johnston!!

[gateley]

3. I'm eating this up - never knew/understood this before. Thanks, Keith! nt

[applegrove]

4. Oh what is he saying?

[RussBLib]

5. This should be criminal

To have some of the worlds largest companies registered as S-corporations and "small businesses" is so wrong, there oughta be a law. Unfortunately, there IS a law, and it allows this kind of sleight of hand. Both Reps and Dems are responsible for this fiasco.

The result is millions, hundreds of millions, billions of dollars that do not make it to the US Treasury that should be getting there. And, naturally, the benefactors are going to grease the skids of Congress to keep the money flowing.

Sadly, it is another indication that this nation is corrupt. To the core.

This would be an item that is ripe for "change." I can hear the "Obama is anti-business!" howls already, and I'm not convinced that Obama would even try to fix it if he could.