A new survey out today from the Job Creators Alliance echoes the call for comprehensive tax reform made by the House, the Senate and the White House. Amongst the findings, the survey reveals that small businesses identified taxes as “the single most important issue facing small businesses,” with respondents voluntarily citing taxes twice as often as any other issue.…
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Today, the National Taxpayer Advocate issued its 2012 Annual Report to Congress. Key findings include:
It takes U.S. taxpayers (both individuals and businesses) more than 6.1 billion hours to complete tax filings.
For 2010, the Taxpayer Advocate estimated that it cost individual and corporate taxpayers $168 billion to comply with the code.
Today’s tax code…
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Today, as President Obama heads to Detroit to renew his call for $1.6 trillion in higher taxes, including higher tax rates, Main Street job creators are sharing first hand what the impact of the President’s proposal means to them and the men and women working alongside them – their employees. In some cases, the President’s tax hikes will force businesses to adjust hiring plans…
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Yesterday, President Obama claimed that “the math” behind Republicans’ proposal to obtain $800 billion in revenue through tax reform without raising tax rates does not add up:
"Unfortunately, the Speaker's proposal right now is still out of balance. You know, he talks, for example, about $800 billion worth of revenues, but he says he's going to do that…
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Today, President Obama will gather with the titans of Wall Street to promote his $1.6 trillion tax hike plan to avert the fiscal cliff. Main Street business owners across the country are speaking out too, warning that the President’s tax hikes, financed on the backs of Main Street, will turn the fiscal cliff into a jobs cliff.
A recent survey conducted by the National…
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While President Obama campaigns in Pennsylvania today and makes another pitch to raise taxes by $1.6 trillion, he has still failed to put forward a “balanced” plan that includes significant spending reductions to deal with the fiscal cliff. The President’s continued focus on increasing tax rates is fast turning the fiscal cliff into a jobs cliff. In fact, manufacturers across…
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In a news story titled “Efforts to Curb Social Spending Face Resistance,” today’s New York Times reports that, “In talks with Congressional leaders, Mr. Obama is seeking $1.6 trillion in additional revenue over 10 years and $340 billion in health care savings.” In noting that the “Administration was not considering changes” to Social Security, the article also suggests…
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Associations representing the nation’s leading small businesses today released a letter urging Congress to reject the President’s call for higher marginal tax rates on main street employers. A total of 42 business organizations employing tens of millions of workers sent the letter to Capitol Hill urging Congress to avert job-killing tax hikes and instead…
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