BSP In the News
- The Hill: Frank Knapp, Small business opposes multinational corporations' tax avoidance
- Minimum Wage News at our BUSINESS FOR A FAIR MINIMUM WAGE website
- The Hill: Report: Taxpayers shoulder burden for offshore tax haven use
- Paramus Post (NJ): Offshore Tax Havens Cost Average Taxpayer $1,026 a Year, Small Businesses $3,067
- U.S. PIRG, Sen. Levin, Small Business Leaders Release "Picking up the Tab 2013: Average Citizens and Small Business Owners Pay the Price for Offshore Tax Havens"
- American Forum: Scott Klinger, Half Time at the Federal Budget Super Bowl
- Philadelphia Daily News: Talking Small Biz
- Triple Pundit: Don’t Blame Google and Starbucks For Minimizing Tax Bills
- Roll Call: Time for Plan C - Close the Floodgates on Corporate Tax Dodging
- CFO: Small Biz, the Fiscal Cliff, and the Big, Bad Bank
- Westerly Sun: Business leaders urge change in tax system
- McClatchy Tribune News Service: A plea for tax fairness from small businesses
- UPI: 'Fiscal cliff': Is there a Plan C to avoid tax increases, spending cuts?
- Madison Capital Times: Wisconsin business owners join national call to raise corporate taxes
- Charlotte Observer: Charlotte small business owners urge tax reform
- Politico: 'Revenue-neutral' tax reform takes hit
- National Journal: Sen. Levin, Small Businesses Push for Corporate Tax Hikes
- Washington Post: Sen. Levin wants corporate tax revenue in a fiscal cliff deal
- The Hill: Corporate revenues must be in debt deal
- Accounting Today: Small Business Leaders Urge Closing of Corporate Tax Haven Loopholes
In the News
By Deborah L. Cohen
Reuters, Dec 8 2010
Extending Bush-era tax breaks won't be enough to encourage business owners like Brad Schulman to begin hiring.
"They've got a noose around small business," said Schulman, founder of Northbrook, Illinois-based Green Planet Bottling (www.greenplanetbottling.com), a maker of eco-friendly plant-based water bottles. "I've got no money to reinvest."
By Lew Prince
Other Voices, St. Louis Post-Dispatch, Dec. 6, 2010
From time to time, the Editorial Page presents "Other Voices," commentaries from a variety of sources on topics important to St. Louis readers. Today we present an excerpt from a commentary by Lew Prince, managing partner of Vintage Vinyl in University City. It appeared in the Dec. 3 edition of Politico (www.politico.com).
By Scott Nance
On the Hill blog, De. 4, 2010
The Senate GOP lined up in a rare Saturday session to filibuster legislation to extend tax cuts for the middle class, a day after a senior Republican accused Democrats of engaging in a "political stunt."
Op-Ed By Lew Prince
Politico, December 3, 2010
I’ve run a small business for more than 30 years, and the claim that more tax cuts for the rich can generate jobs at small businesses is ridiculous. Expecting high-end tax cuts to trickle down as job creation is about as reasonable as pouring gasoline on your hood and expecting it to run your engine.
By Kent Hoover
Business First (Columbus), December 3, 2010
Also in Pittsburgh Business Times, Phoenix Business Journal, Boston Business Journal, Buffalo Business First, Business Journal (Tampa Bay) and other American City Business Journals
Most business groups support extending tax cuts for wealthy Americans, but some businesspeople contend the economy would benefit from letting these tax rates go up.
By Kent Hoover
Dec 02 2010
The House passed legislation today that would permanently extend tax cuts enacted during President George W. Bush’s administration, except for tax rates on households with more than $250,000 in income.
Those tax cuts are scheduled to expire December 31; if Congress does nothing, most Americans will face tax increases January 1.
The Hill: Margot Dorfman, If you really want to help small business, let top bracket tax cuts expire
By Margot Dorfman, CEO of the U.S. Women’s Chamber of Commerce
The Hill, 12/02/10
By Gary Weiss
Portfolio, Nov 30 2010
Believe it or not, there are some small-business people who are perfectly willing to see their tax cuts expire. They say it's good for the overall economy and that, in the larger scheme of things, a reversion to the tax rates of the '90s will be good for them too.
National Business Leaders, Small Business Owners Signing Petition to Congress, President
Investment Business Weekly, Dec 5, 2010
Raleigh News and Observer, Nov 26, 2010
The case that Republicans in Congress make for extending the Bush-era tax cuts for the wealthiest Americans paints a dire picture of what would happen to small business should the cuts not be extended. The picture is also deceptive and incomplete.
Everyone agrees that small businesses are a key to growing jobs in this country. Making it easier for small businesses to form, to remain healthy and to expand means that people go to work.
By Brian Setzler
Op-Ed Distributed by American Forum, Nov 16, 2010
As a certified public accountant and business owner, I know the impact of taxes up close and personal. And the claim that ending Bush-era tax cuts on income over a quarter of a million dollars will hurt the economy, reduce employment and burden small businesses is patently false. Let’s take a look at the evidence.
Politics & Government Week: Business for Shared Prosperity-Let High-End Tax Cuts Expire; Do What's Really Needed to Grow Jobs
Politics & Government Week, Nov 25, 2010
The CEOs of the U.S. Women's Chamber of Commerce and The South Carolina Small Business Chamber of Commerce joined with Business for Shared Prosperity and other business groups and small business owners around the country to urge President Obama and Congress to restore the top personal income tax rates to their pre-Bush levels. Instead of borrowing $700 billion for counterproductive tax cuts for the best off, they say invest tax revenue in growing jobs and rebuilding the failing infrastructure dragging down our economy.
Huffington Post, November 23, 2010
A Mighty Mobilization to Prevent a Democratic Cave-in is Underway
After the mid-term elections, the Obama Administration and some Democratic leaders signaled that they might compromise on extending the Bush-era tax breaks for wealthy households. Compromises include extending them for several years -- or raising the income threshold higher to $1 million.
Republicans say an extension would encourage spending and job creation. Most Democrats say the majority of small firms wouldn't be affected anyway.
By Jim Puzzanghera
Los Angeles Times, November 22, 2010
published in numerous other papers
Curtis Hamilton says he wants to hire more programmers and buy computer hardware for his Escondido human resources firm. But he's worried that his taxes will go up next year, and with the economy still struggling, he's holding off.
By Sarah Shemkus
Cape Cod Times, November 21, 2010
Among the issues the lame-duck Congress will be grappling with over the next few weeks is the question of what to do with the tax cuts implemented by President George W. Bush in 2001.
Extend them? Let them expire? A little of both? What do the options mean for the economy? For jobs?
To help make sense of the questions surrounding the issue, we have assembled the answers to some of the most frequently asked questions about the ongoing debate.
What are the tax rates now?
by George Lauby
North Platte Bulletin (NE), 11/21/2010
Let's urge the light of reason to shine on the Bush-era tax cuts that will expire Dec. 31 unless Congress steps in.
Congress is indeed expected to step in with all 535 sets of feet. The debate could be the biggest partisan battle between Republicans and Democrats of the holiday season.
Remember last year, when Republicans and Democrats battled was over health care reform? This fight might not be quite as dramatic, but it is just as important.
By Keith Girard
AllBusiness blog, Nov 18, 2010
The New York art world was stunned last week when Roy Lichtenstein’s iconic 1964 painting, titled "Ohhh, Alright," sold for a record-smashing $42.6 million at Christie’s auction of contemporary art. The auction capped two weeks of sales that broke record after record for major art works.
Economics Week, November 26, 2010
Business for Shared Prosperity; Business leaders call on President,Congress to let Bush's high-end tax cuts expire
Do What's Really Needed to Grow Jobs and Economy
By Ashlea Ebeling
Forbes, Nov. 17, 2010
Extending the Bush tax cuts for high earners would spell gloom and doom, according to a group of small business owners and leaders assembled today by Sen. Jeff Merkley (D-Or.) and an outfit called Business for Shared Prosperity.
By David Hogberg
Investors Business Daily, Nov. 17, 2010
Although President Obama is willing to extend the Bush tax cuts on upper-income earners, that doesn’t mean liberal groups are giving up.
Sen. Jeff Merkley, D-Ore., is marshaling some small business groups on the political left to push for letting the Bush tax cuts expire for the top two income tax rates.