The Washington Post Published: April 22 The latest deficit-reduction plan offered by Erskine Bowles and Alan Simpson supports the interests of big business at the expense of the United States’ small businesses by calling for adoption of a territorial tax system. In two recent polls, small-business owners have soundly rejected making abuse of offshore tax […]
It is satisfying to know that persistence in correcting false information pays off. One of the on-going lies about Obamacare is that it imposes a tax on small businesses. This lie has been told over and over by the National Federation of Independent Business (NFIB) that has taken millions of dollars from GOP-related organizations in
Published on April 10, 2012 in UPI WASHINGTON (UPI) — Three alliances representing small U.S. businesses urged passage of tax code that would embrace the “Buffett Rule,” the groups said in statement Tuesday. The American Sustainable Business Council, the Business for Shared Prosperity and the Main Street Alliance put their collective weight behind the controversial
The Hill’s Congress Blog By Scott Klinger, tax policy director, Business for Shared Prosperity 03/01/12 03:12 PM ET Corporations pay a lower effective tax rate than Warren Buffett and Mitt Romney, but you wouldn’t know it from all the complaints that our corporate tax rate puts our country at a competitive disadvantage. Last year, U.S.
On regulations, taxes and money in politics…”We’re not like them“ Columbia, SC—A national poll shows the opinions of small business owners differ dramatically from the advocacy of big businesses and multinational corporations. The results of the national scientific poll were released over the past four weeks by the American Sustainable Business Council, Main Street Alliance
Dear Member of Congress: We urge you to reject calls for a “repatriation tax holiday” allowing U.S.multinational corporations to bring home offshore profits at a reduced tax rate. The proposed repatriation holiday is, pure and simple, an attempt by a few multinational corporations to dodge their rightful tax obligation. It is a tax avoidance measure
Published July 19, 2011 By Joel Wendland, Political Affairs With all of the talk about the debt ceiling and deficit reduction, small business owners may just have a good idea to close the budget gap by $1 trillion over the next decade without cutting essential services or carving out benefits for retirees and the disabled.
The nonprofit, membership-driven South Carolina Small Business Chamber will officially be supporting an IRS complaint against the U.S. Chamber of Commerce. We, along with other business organizations, are questioning potential violations of exemptions under the federal tax law in the U.S. Chamber’s conduct of lobbying and campaign funding. More on this later. Below is a
By Kyle Stock, The Post and Courier Published March 17, 2006 A cadre of state lawmakers has proposed adding 32 cents per pack to the cigarette tax to help small businesses pay for health insurance. Under the legislation introduced Thursday, the Small Business Health Insurance Premium Assistance Act, businesses with 75 or fewer workers would
By Frank Knapp, The State Published April 11, 2005 The State should be congratulated for its recent editorial recognition that the state income tax on small business profits should be reduced from 7 percent to 5 percent, the same rate larger corporations now pay. The editorial stated: “We’re delighted that the Senate is focusing on