This is a straight pickup from dkos. My comments are below.
Next week, the House will vote on another Republican “jobs” bill; tax cuts, of course, for small business. A group of progressive organizations representing small businesses is calling for what they say would be a much more effective jobs and economy stimulator: closing corporate tax loopholes.
But the three groups— the American Sustainable Business Council (ASBC), Business for Shared Prosperity (BSP) and The Main Street Alliance (MSA)—argued Thursday that the revenue generated by eliminating corporate tax loopholes would be the better jobs plan. Rep. Chris Van Hollen (D-Md.), the senior Democrat on the ouse Budget Committee, joined them at the press conference. […]Joseph Rotella, owner of the Spencer Organ Company, a 10-employee shop based near Boston, echoed that message.
“Taxes are not just numbers on a spreadsheet. They provide revenues that pay for roads, bridges, public safety, public transportation, and other infrastructure [projects] and services that my business and customers count on,” Rotella said. “There’s nothing sensible about allowing big corporations big tax breaks while we cut the public services that are so important to a healthy economy and a harmonious society.”
Thursday’s press event coincided with the release of a new report from U.S. PIRG finding that America’s small businesses would each have to pay more than $2,100 to fill the estimated $60 billion tax-gap created each year by large corporations shifting assets and earnings overseas.
The Republican bill is championed by Majority Leader Eric Cantor, and would give a significant tax break, 20 percent, to businesses with fewer than 500 employees. The businesses represented by the above groups argue that the tax break doesn’t do a great deal for them, particularly in new hiring, if there continues to be a lack of demand for their products. They argue that a larger investment in infrastructer and public services is needed to spur the economy.
It’s another Republican tax gimmick, offering up unnecessary tax cuts to try to divert attention from the debate over tax fairness, from the Buffett Rule, and income inequality. You know, all those issues they’re losing on.
First of all, fuck yeah!
Second of all, how do I get the American Sustainable Business Council (ASBC), Business for Shared Prosperity (BSP) and The Main Street Alliance (MSA) to come here to Delaware and lobby Markell, Carper, Coons, and Carney for this kind of sane economic development?