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
Taxes & Investment to Build America
Big corporations are sitting on record piles of cash. About $1 trillion in tax cuts went to the richest one percent over the last decade. Wall Street has plowed its bailouts and tax cuts into speculating, enriching executives and shifting more jobs and investment offshore. Income tax revenue as a share of GDP is already at the lowest level since 1951. The corporate tax share of federal receipts has dropped from 32% in 1952 to 8% last year. More budget-busting tax cuts for big corporations and wealthy Americans won’t help Main Street small business, won’t hire, house or educate more people, won’t rebuild our failing infrastructure. They will widen inequality, further undermine our economy and make us less competitive globally.
Support Positive Corporate Tax Reform
Don't let corporate tax dodgers dominate debate over corporate tax reform. Sign our statement rejecting tax holidays for U.S. multinationals who disguised their U.S. profits as foreign profits to avoid taxes and calling for an end to unproductive tax loopholes and subsidies benefiting large corporations so we can level the playing field and raise revenues needed to restore economic vitality.
End Top Bracket Tax Cuts
Click for REPORT: The Business Case for Restoring Tax Rates for High-Income Taxpayers to Pre-Bush Levels
See Sign-On LETTER TO CONGRESS: END BUSH TAX CUTS FOR TOP INCOMES
About $1 trillion in tax cuts went to the richest one percent over the last decade. Income tax revenue as share of GDP at lowest level since 1951. Tell Congress to let the Bush tax cuts on taxable income over $250,000 expire no later than Dec. 31, 2012, as now scheduled, without another extension.
Business Against Tax Haven Abuse
End tax dodging and support a level playing field for business by enacting strong legislation to stop tax haven abuses. Offshore tax havens reward tax evaders, rob public funds of needed revenue and offload taxes to responsible businesses and households. Everyone needs to pay their fair share to keep America moving forward. Our economic progress is undermined when companies are rewarded for financial manipulation rather than productive investment, innovation and job creation.
Click here for REPORT: Unfair Advantage: The Business Case Against Tax Havens
“The subjects of the state ought to contribute toward the support of the government, as nearly as possible, in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the state.” -Adam Smith
Fair Taxes Program
Business for Shared Prosperity organizes business support for fair, responsible taxation and urgent public investment at the state and national level. Bold, smart public investment is vital in transforming our energy system and reenergizing our economy with clean technology and green jobs. Scaled up public investments are essential in modernizing our deficient infrastructure and public services, and fostering the education and research undergirding innovation, productivity and progress. Existing tax policies have encouraged speculation, contributed to an un-level playing field between different states and businesses, and shifted the tax burden off wealthy taxpayers and global corporations and onto small businesses, wage earners and the next generation.