Taxation

The business case against the Republican tax reform victory

The Hill December 26, 2017 By Frank Knapp, opinion contributor With a massive corporate tax cut now signed into law by the president, there are some in Washington wondering why small businesses are not grateful. The public was told by the president and Republicans in Congress that wages would be increased and new jobs added […]

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Here is what you need to tell your employees

As you know, yesterday Congress passed its corporate tax cut bill that reduces the tax rate corporations pay by 40%. The Republicans (yes, this was a strictly partisan bill) who voted for this legislation and President Trump have told all American workers that this will result in higher wages and more jobs. This morning we

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Final Tax Bill an Outrageous Giveaway to Big Corporations that Does Nothing for Small Businesses

Businesses for Responsible Tax Reform Co-chairs Ron Busby, President & CEO of the Black Chambers, Inc., Anne Zimmerman, President & CEO of Zimmerman & Co CPAs Inc. and Frank Knapp, Jr., President & CEO of the South Carolina Small Business Chamber of Commerce commented on the passage of the GOP tax plan, saying it hurts

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Mom, Pop — you’re the losers in this tax plan

CNN December 15, 2017 By Anne Zimmerman Anne Zimmerman is the co-chair of Businesses for Responsible Tax Reform, a coalition of small business owners and organizations, and the founder and owner of Zimmerman & Co CPAs, a public accounting firm with offices in Cincinnati and Cleveland, Ohio. The views expressed in this commentary are solely

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Tax Bill Conference Committee’s Public Meeting Doesn’t Address Small Business Concerns

FOR IMMEDIATE RELEASE Contact: Conan Knoll conan@emcstrategies.com (831) 524-6764 Statement by Frank Knapp, Jr., co-chair of Businesses for Responsible Tax Reform and president/CEO of the South Carolina Small Business Chamber of Commerce on the tax bill conference committee’s public meeting Wednesday Washington, D.C., Dec. 13, 2017—Today, the House-Senate Conference Committee working to reconcile the tax

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Trump Alma Mater: Tax Reform Means Over $1.5 Trillion Added to National Debt

The Hill December 12, 2017 Wharton study: GOP tax bill does not pay for itself By John Bowden The University of Pennsylvania’s Wharton School has released an analysis of the Republican tax plan that concludes that even under favorable economic conditions the plan will add more than $1 trillion to the national debt. The analysis

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Majority in new poll: GOP tax plan would hurt us

The Hill December 12, 2017 By Max Greenwood of Americans said in new poll that the Republicans’ tax overhaul is likely to hurt them and their families, and that it will mostly help the wealthy. Fifty-two percent of respondents said that they expect the GOP’s tax plan to hurt them and their families, according to the

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Join me to talk about Congress’s tax reform efforts

Dear Business Leader: The GOP tax plan is complicated, confusing and creates a host of new loopholes. Our leaders rushed the tax bill through Congress, making it even more difficult to decipher what impact it would have on small business owners. Businesses for Responsible Tax Reform came together to give Main Street small business owners

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Letter to Senator Tim Scott on tax reform

December 11, 2017 The Honorable Tim Scott 717 Hart Senate Office Building Washington, DC 20510 Re: Tax Reform Dear Senator Scott, The small businesses of South Carolina and across this country are very concerned that they are not being treated fairly by the tax reform proposals being considered by the conference committee on which you

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