Tax Deal Lets Us Move Forward
Statement by John Arensmeyer, CEO, Small Business Majority:
While we feel the tax cuts on the upper brackets should not be extended, as fewer than 3 percent of small business owners earn more than $250,000 per year, the compromise tax package the president struck with Congress enables us to move forward on other vital issues and offers many benefits to America's entrepreneurs.
It will help small businesses weather the recession by extending tax benefits, encourage small businesses to invest via the R&D tax credit, and put more money in consumers' pockets via the payroll tax reduction and the extension of unemployment benefits. All of this will translate into more small business revenues and job creation.
Small Business Majority is a national nonprofit organization focused on solving the biggest problems facing America's 28 million small businesses. We conduct extensive opinion and economic research and work with small business owners, policy experts and elected officials nationwide to bring nonpartisan small business voices to the public policy table.