Year: 2012

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."