evidence: "President Biden’s $7 trillion tax increase on small businesses and families means fewer jobs, higher prices, and handing our competitive advantage to China. Far from going after the wealthy, these are tax hikes that hit workers, mom-and-pop business owners, seniors nearing retirement, and family farms and ranches. And with the IRS getting another $104 billion and an expanded ability to approve penalties, Democrats will be on the fast track to collect your life savings." [...] Breaking Pledge Not to Raise Taxes on Small Businesses - President Biden’s proposal to raise the top rate to 39.6 percent goes after small business owners who pay their business taxes via their individual tax return – despite his pledge not to raise taxes on small businesses. [...] Going After the Sweat Equity of Small Business Owners - Biden calls to expand the Net Investment Income Tax (NIIT) to apply to "non-passive business income" – meaning owner operators of businesses (e.g. mom-and-pop shops and family-owned businesses) will have to pay higher taxes.