The New York Times December 30, 2019 By Jesse Drucker and Jim Tankersley The overhaul of the federal tax law in 2017 was the signature legislative achievement of Donald J. Trump’s presidency. The biggest change to the tax code in three decades, the law slashed taxes for big companies, part…
How bad did America’s taxpayers get screwed by the 2017 tax law?
The IRS is reporting that taxpayers, individuals and the 90% of small business owners who pay any business profit on their personal taxes, gave Uncle Sam $93 billion more in 2018 compared to 2017. The reason—the 2017 tax law that gave huge tax cuts to corporations and the uber wealthy.…
Federal Tax Reform
In November 2017 a new national coalition of small businesses (Business for Responsible Tax Reform BRTR) was formed to combat irresponsible federal tax reform. SCSBCC President/CEO Frank Knapp was chosen to co-chair the organization. BRTR’s campaign warned Congress and the public that planned excessive corporate tax cuts would fail to…
Obama’s tax plan a bad bargain for small business
The Hill’s Congress Blog 8/2/13 By Frank Knapp Jr. – 08/02/13 President Obama is right to address the urgent need to modernize our once grand infrastructure. Unfortunately, the president’s corporate tax reforms would leave us in a deeper hole down the road. The president’s plan to cut corporate tax…
President Obama–Close down tax havens
American Sustainable Business Council1401 New York Ave., N.W. Suite 1225, Washington, DC 20005 June 7, 2013 President Barack Obama The White House 1600 Pennsylvania Ave. NW Washington, DC 20005 Dear Mr. President: As business leaders, we are writing to urge you to support the efforts of Prime Minister David Cameron…