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Investigative journalism is apparently stone dead. For quite some time, the president has been maintaining that 97 percent of small businesses make less than $250,000 per year, and no one is challenging this.
Several decades ago, the Small Business Administration defined a small business as one that made $1,000,000 or less per year gross income. Looking at the various small businesses I patronize, I suspect that only my dry cleaner meets the president's arbitrary standard. While it may identify a true mom-and-pop endeavor, I doubt 97 percent of all small businesses fall into this income bracket.
Considering the number
So--how about some independent verification by the fourth estate?