WASHINGTON, DC – In response to Ways and Means Committee Chairman Kevin Brady introducing the GOP’s “2.0” tax proposal, Main Street Alliance, a national network of small business owners, released the following statements:
“It is irresponsible for House Republican leaders to push another $2.9 trillion tax cut for the super-rich, jeopardizing Main Street businesses and communities. Provisions meant to win over small business, like a modest deduction for start-up expenses, don’t make up for the rising costs small business owners will have to contend with resulting from the Republican budget cuts.
“We won’t get to broad prosperity through tax cuts,” said Amanda Ballantyne, Main Street Alliance National Director. “More than anything, Main Street businesses need communities that are thriving economically, based on a fair tax system that invests in people and funds education, health care, and other basics. That, and not tax giveaways to the super-rich, is what sustains Main Street.”
“Since last December, we’ve been shouting from the rooftops that the pass through deduction is overly complicated and overwhelmingly skews to very wealthy business owners, “ said Davis Senseman, founder of Davis Law Office in Minneapolis, MN. “A second round of needless tax breaks does nothing to remedy this inequity or the uncertainty and complexity small business owners are facing. And it does nothing to combat the rising health care premiums we’re experiencing because of the repeal of the ACA’s individual mandate. On the contrary, “2.0” will cost the country trillions of dollars every decade in perpetuity.”
Davis Senseman is the founder of Davis Law Office in Minneapolis, MN, a full-service law firm for small and medium sized businesses.
The Main Street Alliance works to provide small businesses a voice on the most pressing public policy issues across the nation. Our advocacy promotes vibrant businesses and healthy communities and fosters leadership development of socially responsible business leaders.