Jobs Groups: Don’t Trade Sequester For Tax Hikes
Employer Groups Call The Democrat Sequester Alternative A ‘Bad Idea,’ Say Raising Taxes ‘Would Move Us In The Wrong Direction’
Dem Proposal ‘Worse Than Even The Sequester,’ A ‘Bad Idea,’ Just ‘Political Rhetoric’U.S. CHAMBER OF COMMERCE: “The U.S. Chamber of Commerce… strongly opposes the motion to proceed to S. 388, the ‘American Family Economic Protection Act.’ This legislation would fail to address the federal government’s spending problems and would, instead, replace spending cuts with tax increases.” (U.S. Chamber Of Commerce, Letter To U.S. Senators, 2/27/13)
- “…this legislation would be worse than even the sequester. It would not prioritize less spending; rather, it would impose new taxes on businesses in specific industries. … S. 388 employs political rhetoric rather than seeking to implement good policy.” (U.S. Chamber Of Commerce, Letter To U.S. Senators, 2/27/13)
- “…we oppose the tax increases in the bill, including a proposal that would impose a permanent minimum tax on small businesses and other taxpayers. This provision would make a bad system worse by adding a new tax to an already complex and anti-growth tax code, costing even more manufacturing jobs. … Manufacturers believe that replacing the sequester with tax increases is substituting one bad idea for another.” (National Association Of Manufacturers, Letter To U.S. Senators, 2/27/13)
BUSINESS ROUNDTABLE: ‘Hiking taxes … would move us in the wrong direction’ “‘Hiking taxes and foregoing improvements in our nation’s long-term competitiveness in favor of short term budget choices would move us in the wrong direction,’ said BRT President John Engler. ‘The 4th Quarter contraction of U.S. GDP and persistently high unemployment underscore the urgency for action. America needs a growth strategy, not additional tax increases that will further worsen our already uncompetitive tax system. One-off tax proposals targeting specific industries cannot substitute for comprehensive reform of the nation’s century-old tax system.” (Business Roundtable, Press Release, 2/5/13)
NATIONAL RETAIL FEDERATION: “NRF is concerned by the Administration’s proposal to fund short-term spending needs by eliminating certain corporate tax provisions. NRF supports the type of corporate tax reform many Democrat and Republican policymakers have been advocating, which would eliminate corporate tax benefits in exchange for substantially reducing tax rates for all businesses. …piecemeal efforts to eliminate corporate tax benefits outside the context of corporate tax reform would make it very difficult to achieve the type of changes required to provide much-needed growth in the U.S. economy.” (National Retail Federation, Press Release, 2/5/13)
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