 |
|
| Small Biz Wants Tax Relief Certainty/Simplicity
&tax relief permanency will reduce complexity and cost burden while enhancing growth and investment
|
April 15, 2005
Washington, D.C. - Today, the Small Business & Entrepreneurship Council (SBE Council) urged elected officials to take specific steps to make April 15 in the future less a date of dread for entrepreneurs, small businesses and their employees. The small business advocacy group joined tax reform allies at the National Press Club today to call for changes to our nation's tax system to make it more simple, fair and pro-entrepreneur.
SBE Council President & CEO Karen Kerrigan declared: "The good news this tax day is that the tax cuts of 2001 and 2003 have eased the tax burden a bit, and provided a boost to our economy. However, April 15 remains a symbolic date for the many ills of our entire tax system, which continues to be far too onerous for our nation's job-creating entrepreneurs and small business owners. Much more must be done."
Kerrigan continued: "The first order of business should be for the U.S. Senate to follow the lead of the House of Representatives by voting to permanently repeal the death tax. This is an inefficient and unfair tax. It must be permanently put out of our misery."
"Step two is to make the key aspects of recent tax measures -- the reductions in personal income, capital gains and dividend tax rates, and expanded small business expensing - permanent in order to remove uncertainty and provide continued benefits for the economy," Kerrigan continued. "And finally, we need to turn to overhauling this costly and complicated tax code."
SBE Council chief economist Raymond J. Keating warned: "Congress and the White House obviously need to avoid imposing any additional tax burdens on entrepreneurs and small businesses. One issue that must be taken off the table immediately is any increase in Social Security taxes, such as lifting the earnings cap on the payroll tax. This misguided step would perpetuate one of the biggest problems with Social Security, that is, its steady stream of tax increases over the decades, and would hit many entrepreneurs hard and raise labor costs for businesses."
For more information, please visit SBE Council's website at http://www.sbecouncil.org/. For over ten years the SBE Council, a nonpartisan, nonprofit small business advocacy group has been working to protect small business and promote entrepreneurship.
|
| |
|
|
