Tax Reform Will Help Level Economic Playing Field for Small Businesses
Statement by John Arensmeyer, founder and CEO of Small Business Majority, regarding president's plan to aid small businesses by reforming tax code, eliminating corporate loopholes
The president's tax reform plan announced today is exactly what small business owners have been asking for. It will create a more level financial playing field for small and large firms, promoting healthy competition that stimulates the economy.
The president's framework for reforming the tax code will eliminate dozens of loopholes that consistently leave small businesses paying an unfair share of taxes. It will also simplify the tax filing process for small business owners, whose valuable time needs to be spent building their business so they can create jobs and grow the economy.
Our national opinion polling found 91 percent of small business owners believe multinational corporations' use of loopholes to avoid paying taxes is a problem, and three-quarters say their own business suffers when large companies don't pay their fair share of taxes. When asked what would do the most to create jobs, small business owners chose eliminating incentives to move jobs overseas.
The president's announcement today shows entrepreneurs' voices are being heard. If they're going to live up to their potential as our nation's leading job creators and put America back to work, lawmakers must help them by leveling the economic playing field.
Who is the Small Business Majority?
We are a national nonpartisan small business advocacy organization founded and run by small business owners and 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 small business voices to the public policy table. Learn more about us on Wikipedia and follow us on Twitter and Facebook.