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
Business Leaders Agree With President: End Millionaire Tax Breaks and Stop Rewarding Companies That Move Jobs and Profits Abroad
For Immediate Release January 25, 2012
CONTACT: Bob Keener, email@example.com, 617-610-6766
Business owners and executives agree with President Obama that we should not “spend nearly $1 trillion more on what was supposed to be a temporary tax break for the wealthiest 2 percent.” Business leaders also agree that no company should be able to avoid paying its fair share of taxes by moving jobs and profits overseas.
“It’s wrong for millionaires to pay less than middle-class Americans and wrong for multinational corporations to pay less than small businesses,” said Scott Klinger, tax policy director of Business for Shared Prosperity. “The reality is that the corporate tax share of federal receipts has fallen from 32% in 1952 to just 9% now and income tax revenue as a share of GDP is at the lowest level since 1951. If we want an economy with 21st Century infrastructure, jobs, education, research and economic development, we have to pay for it.”
“As a successful corporate executive, I recognize that our tax code is unfair and replete with tax shelters and loopholes favoring the wealthy,” said Jack Kintslinger, chairman emeritus of the Maryland-based engineering and construction firm, KCI. “Most wealthy business executives I know are prepared to contribute more in taxes if the additional revenues are spent wisely. They know that they can spare paying higher taxes and that the nation desperately needs more revenue for essential services.”
“It's ridiculous to think that low taxes for wealthy individuals like Mitt Romney and me will help create jobs,” said Paul Egerman, co-founder and former CEO of eScription. “It certainly hasn't worked that way for the past 10 years. The real job creators in our society are middle-class consumers. Jobs are created when consumers purchase cars, for example. Jobs are not created when investors squirrel away money in the Cayman Islands. Those of us who are wealthy investors will benefit when middle-class consumers are economically secure and can afford products and services. And we have an obligation to pay forward, so that the next kid will have the same opportunities that we had.”
“I have been prosperously involved in small business for most of my 45-year working life and have never made a decision based on the marginal rate of my taxes,” said David A. Brown, co-founder of the California-based real estate development firm Reynolds & Brown. “I don’t know any businessperson who uses that as an investment criteria. The rate should be raised on the higher brackets to help fund all of the beneficial services only the government can provide. Both the expense and the revenue side of the government ledger need to be modified.”
** Business for Shared Prosperity members are available for comment in many states in addition to those quoted above **
To arrange interviews contact Bob Keener at 617-610-6766 or firstname.lastname@example.org.
Business for Shared Prosperity is a national network of forward-thinking business owners, executives and investors.