Press Release

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Business People Agree with Warren Buffett: Raise Top Tax Rates to Lift Economy

FOR IMMEDIATE RELEASE: August 17, 2011
Contact: 
Bob Keener, (617) 610-6766bobkeener@businessforsharedprosperity.org 

Business people across the country are available for interview. Below are some examples:

Dal LaMagna, co-managing partner of IceStone in Brooklyn, NY, said:

Millionaires and Small Business: "Read Our Lips, Raise Our Taxes"

Institute for Public Accuracy, 980 National Press Building, Washington, D.C. 20045
Tuesday, August 16, 2011

Interviews Available

Contact: Bob Keener, (617) 610-6766bobkeener@businessforsharedprosperity.org

Business Groups Reiterate Support For Consumer Financial Protection Bureau As Congress Takes Aim

CONTACT: Business for Shared Prosperity – Lew Prince, w (314) 721-8115 x 12, news@businessforsharedprosperity.org
Main Street Alliance – Jason Collette, (206) 856-6401; American Sustainable Business Council – Aquene Freechild, (617) 378-2579

BUSINESS GROUPS REITERATE SUPPORT FOR CFPB AS HEARING TAKES AIM AT BUREAU
Consumer Financial Protection Bureau Targeted in Name of Small Business Despite Importance for Stabilizing Local Economies, Customer Base

As Debt Ceiling Deadline Approaches, Business Leaders Support Legislation to End Tax Haven Abuse and Recapture 1 Trillion in Revenue

Contact: David Lerner/Sahil Bhatia Riptide Communications, Inc. (212) 260-5000 or
Scott Klinger, Business for Shared Prosperity (443) 602-0136; ScottKlinger@businessforsharedprosperity.org  

Media Briefing

Tuesday, July 26, 2011

Plug The Trillion Dollar Hole in U.S. Treasury: Small Business Leaders Say Offshore Tax Havens Draining Revenues, Investment, Jobs

Contact: Bob Keener, 617-610-6766
bobkeener@businessforsharedprosperity.org

Washington DC, July 13, 2011 – Small Business leaders applaud new legislation to stop tax haven abuse by U.S. multinationals that will cost at least a trillion dollars in lost tax revenue over the next decade. “Small businesses are the lifeblood of local economies. We pay our fair share of taxes and generate most of the new jobs,” said Frank Knapp, President and CEO of The South Carolina Small Business Chamber of Commerce. “While our members are in South Carolina, small businesses across this country, from California to Washington DC, understand that while they are paying their taxes, many U.S.-based multinational corporations are not. That’s not fair and it makes us angry. Why should we be subsidizing U.S. multinationals that use offshore tax havens to avoid paying taxes?”

Business Leaders Join Sen. Levin to Support New Stop Tax Haven Abuse Act Targeting $100 billion in lost revenues yearly from offshore tax dodges

Bill Would Close Tax Loopholes, Level Playing Field for Business, and Keep More Profits, Jobs in U.S.

Business Leaders Say Corporate Tax Holiday No Win For America

Contact: Bob Keener, 617-610-6766, bobkeener@businessforsharedprosperity.org

Washington DC, June 14, 2011 – Congress should reject pleas by U.S. multinational corporations for another tax holiday to “repatriate” profits parked overseas, a coalition of business organizations said in a letter to Congress released today. “This proposed ‘repatriation’ would not be a win for America,” the letter states. It would reward companies for disguising U.S. profits as foreign profits to avoid taxes, cost the U.S. Treasury $80 billion according to the Joint Committee on Taxation, and increase pressure to cut government spending on services and infrastructure that really strengthen our economy.

Business Leaders Say 10th Anniversary of Bush Tax Cuts Nothing to Celebrate; New Report Says High-End Tax Giveaways Hurt Economy and Job Creation

Contact: Bob Keener, 617-610-6766, bobkeener@businessforsharedprosperity.org

Washington, DC, June 6, 2011 – In advance of the 10th anniversary of the Bush tax cuts on June 7, business leaders and a new report make a strong business case for restoring high-end tax rates to the pre-Bush, low unemployment era. Instead of high-end tax giveaways that undermine the economy, business owners say invest in real small business job creation and 21st century infrastructure.

Business Leaders Meet With White House Officials; Small Business Left Out of House Hearing on Tax Reform and Jobs

Contact: Bob Keener, 617-610-6766, bobkeener@businessforsharedprosperity.org

Washington, DC, June 2, 2011- The House Ways and Means Committee is holding a hearing on tax reform and jobs Thursday morning without small business, the engine of job creation. “It’s unfortunate that a hearing about job creation and tax reform doesn’t have room for the voice of small business,” said Frank Knapp, President and CEO of the South Carolina Small Business Chamber of Commerce. “We want reform that is fair to all businesses and provides adequate funding for the public services and infrastructure upon which all businesses depend.”

Mr. Knapp will submit written testimony on behalf of a network of business organizations who have signed a letter calling upon Congress to generate more revenue and create a level playing field by closing tax loopholes that favor U.S. multinational corporations and opposing short and permanent tax holidays on profits parked overseas.

More than 800 U.S. Business Organizations and Owners Endorse Ending Corporate Tax Haven Abuse

Contact: Bob Keener, 617-610-6766 ,bobkeener@businessforsharedprosperity.org

Washington, DC. April 13, 2011 -- Amid fierce federal budget debates, and press reports about large companies such as General Electric paying no US income taxes, more than 800 business organizations and business people are publicly calling on Congress and the President to stop corporate tax haven abuse. They say that tax dodging deprives our nation of revenue needed for a strong economy.

Maryland Business Owners Endorse Minimum Wage Increase: Strong Wage Floor Vital for Maryland’s Economy, Small Biz Owners Say

Business for a Fair Minimum Wage
For Immediate Release:  March 29, 2011
Contact: Bob Keener, 617-610-6766,
bobkeener@businessforsharedprosperity.org
or Tim Bradley, BerlinRosen Public Affairs, 314-440-9936

MARYLAND – Today nearly 60 Maryland business organizations, owners and executives endorsed legislation to raise the state’s inadequate minimum wage to $9.75 per hour by 2013. Representing small businesses in the restaurant industry, retail, manufacturing, construction, auto repair, cleantech, healthcare, finance and more, the coalition stressed that a strong minimum wage should be a state priority because it will boost the consumer demand vital for job creation and promote a strong economy for Maryland’s future.

Business and Investors Applaud House Majority In Rejecting Irresponsible Tax Deal

Contact: Bob Keener, 617-610-6766 or bobkeener@businessforsharedprosperity.org

Washington, D.C., Dec. 9, 2010 - Business and investor organizations applauded the House Democratic Caucus vote today to reject the tax deal negotiated by the White House and called on Congress to push for a better deal that doesn’t give irresponsible tax cuts to the wealthy. In doing so, Patriotic Millionaires for Fiscal Strength, Business for Shared Prosperity and Wealth for the Common Good contrast with U.S. Chamber of Commerce leaders and conservative lobby groups that have endorsed the deal.

Business Counterpoint to Claims that Middle Class Tax Cuts Without High-End Tax Cuts Will Kill Jobs

Press Availability – December 2, 2010
Contact: Bob Keener, bobkeener@businessforsharedprosperity.org, 617-610-6766

Business Counterpoint to Claims that Extending Middle Class Tax Cuts Without Including High-End Tax Cuts Will Hurt Small Business, Kill Jobs

Margot Dorfman, CEO, U.S. Women’s Chamber of Commerce (more than 500,000 members):

Business Organizations, Owners Tell Washington to Stop High-End Tax Giveaways, Invest in Jobs & Real Economy

Contact Bob Keener, 617-610-6766, bobkeener@businessforsharedprosperity.org

National and State Business Organizations, Small Business Owners Tell Washington to Stop High-End Tax Giveaways, Invest in Jobs and the Real Economy

Sen. Merkley, Business Leaders Call To End Special Tax Cuts For Top Tax Brackets

Contact: Bob Keener, 617-610-6766, bobkeener@businessforsharedprosperity.org

MERKLEY, BUSINESS LEADERS EXPLAIN WHY ADDING $700 BILLION TO DEFICIT FOR NEW TAX CUTS FOR TOP 2 PERCENT IS BAD FOR BUSINESS; SUPPORT INVESTING IN REAL HELP FOR SMALL BUSINESSES AND THE MIDDLE CLASS

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

Contact: Bob Keener, 617-610-6766, bobkeener@businessforsharedprosperity.org

Washington DC, November 11, 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.

New Report: Restoring Top Tax Rates Makes Sense for Small Business

Job Growth Much Better Before Tax Cuts; High-Income Taxpayers Reap More From “Middle-Class Tax Cuts” than Middle Income

Contact: Bob Keener, 617-610-6766, bobkeener@businessforsharedprosperity.org

Small Business Jobs Bill Passage Good News for Job Creation as Poverty Numbers Reach Historic High

CONTACT: Bob Keener, 617-610-6766, bobkeener@businessforsharedprosperity.org
Atlee McFellin, 269-275-0420, amcfellin@asbcouncil.org

Washington, DC, Sept 16, 2010 - The American Sustainable Business Council applauds today's passage of the Small Business Jobs Bill by the Senate and looks forward to final approval by the House. The bill contains a $30 billion lending fund for community banks to provide new loans to small businesses that have been hit hard by the economic meltdown and continued credit crunch.