As part of National Small Business Week (June 17-21), small business owners from across the Main Street Alliance network are speaking out on the top issues facing the nation.
Each day during Small Business Week, we're releasing a new "Straight Talk on Main Street" issue fact sheet providing unique small business perspective and analysis, on the following schedule:
- Monday - IMMIGRATION REFORM: Immigration reform with a roadmap to citizenship strengthens consumer demand, boosts economy
- Tuesday - TAX FAIRNESS: Ending offshore tax dodging will level playing field for small business
- Wednesday - HEALTH CARE: Small business owners preparing for full implementation of health care reform
- Thursday - ECONOMY-BOOSTING JOBS: Small business engagement critical to growing momentum on Paid Sick Days
- Friday - MONEY IN POLITICS: Small businesses seek greater disclosure of secret political spending by corporations and trade associations
As the negotiations over the Bush tax cuts for the richest 2 percent continue, claims about the impact on small businesses of ending or extending these upper income tax cuts are widespread. How will ending, extending, or changing the threshold on the breaks for the wealthiest Americans actually impact small businesses?
The Main Street Alliance has produced a new fact sheet in its "Straight Talk" series to answer this question:
Straight Talk on Taxes: The Bush Tax Cuts and Small Business
With Tax Day around the corner, tax policy is front and center this week. So are claims about how changes to the tax code will affect small businesses. The Main Street Alliance released a pair of new fact sheets in its "straight talk" series separating truth from fiction when it comes to small business and taxes. One fact sheet focuses on the Buffett Rule, which would ensure that taxpayers earning over $1 million a year pay a minimum effective tax rate of 30 percent. The other fact sheet focuses on corporate taxes and small business views on corporate tax contributions.