Jobs Groups: Don’t Trade Sequester For Tax Hikes - I Have The Truth

Jobs Groups: Don’t Trade Sequester For Tax Hikes

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Jobs 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)

NATIONAL ASSOCIATION OF MANUFACTURERS: “The National Association of Manufacturers (NAM)… strongly oppose the American Family Economic Protection Act (S. 388) that would temporarily replace the sequester with a combination of spending cuts and tax increases.” (National Association Of Manufacturers, 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)

NATIONAL FEDERATION OF INDEPENDENT BUSINESS: ‘fix our dangerous fiscal situation without … raising taxes on job creators’ “Small business owners want their government to address our spending and debt problems with the same focus and seriousness as the private sector. Unsustainable government growth crowds out the private sector and leads to negative economic consequences… Our nation’s small businesses are calling on Congress to fix our dangerous fiscal situation without damaging economic growth or raising taxes on job creators. If our long-term fiscal outlook is not addressed by lawmakers now, then future generations will continue to be faced with higher debt and interest payments, increased tax rates and fewer investment opportunities.” (National Federation Of Independent Business, Letter To Sen. Cornyn, 2/13/13)

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)