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.Read more
Recently, Senator Ron Wyden published this OpEd in USA Today: Trump's capital gains tax idea is handout to the rich, broken promise to workers
Sen. Wyden demonstrates how little Trump’s proposed capital gains tax will benefit the majority of people living in our country. Instead of growing the Main Street economy, Trump’s plan will only further line the pockets of CEOs and the wealthiest one percent and siphon from essential programs like affordable healthcare, Medicaid, food assistance, and Social Security.Read more
Trump-Republican Tax Giveaway Impact on Main Street Small Business Owners
Summary of Trump-Republican Tax Giveaway
Republicans jammed through the Trump-Republican Tax Giveaway to give a massive tax cut to wealthy donors and big corporations at the expense of Main Street. It balloons the federal deficit by $1.5 trillion, gives billions of dollars in tax breaks to corporations to outsource jobs, leaves 13 million Americans without health coverage, and Republicans want to pay for it with trillions of dollars in cuts to Social Security, Medicare, Medicaid, education and other critical programs small business owners and our communities rely on.
With tensions ramping up on North Korea — there’s been a lot of concern recently about how secret shell companies can be abused to undermine economic sanctions and hinder own national security.Read more
Washington Small Business Owners Call for Increased Public Investment Through Progressive Tax Structure
This week, Main Street Alliance small business owners spoke out in support of the proposed Seattle income tax.Read more
While Minnesota enjoys a budget surplus, Main Street businesses weigh in on how to put the added revenue to use, favoring local infrastructure investments over tax cuts.
During Small Business Week and throughout the year, small business owners can speak for themselves on the issues facing Minnesota. When big business groups and corporate lobbyists push a tax-cutting and service-gutting agenda, they're not speaking for the small businesses on Main Street.
Here in Minnesota, we know the results of that agenda all too well. We've had to dig ourselves out from years of budget deficits that began with a tax rebate similar to what's being proposed i the legislature now.
Just as small businesses have to invest their surpluses wisely, so should the state invest its surplus in things that will benefit as many people as possible instead of just a fortunate few.
Our businesses thrive when our communities thrive, and we could do much more to benefit the hard-working people of Minnesota if we appropriately allocated the budget surplus by bolstering our public education and infrastructure, and increasing support to those struggling to make ends meet.
We’ve worked hard to grow our businesses and create jobs for our community members. As a result, less than ten years after one of the worst economic downturns on record Minnesota enjoys a budget surplus. And CNBC rates Minnesota as the best place for business in the country. The small businesses that line our city’s streets and employ over half of the state’s workers built this budget surplus and deserve a say in how the revenue is put to use.
We have already learned how tax cuts for big business, and the wealthy few will halt our progress and undo the economic strides Minnesotans have made these last few years. In honor of Small Business Week and the contributions that local, independent businesses make to our communities year round, we urge lawmakers to listen to the voices of Main Street.
"The small benefit I would get from a cut to my statewide property tax is not enough to impact my business model. By combining my resources with others in the form of business property taxes, our state can ensure a more stable and resilient work force. As a business owner and a citizen, it's important to me that the state uses our collective dollars to invest in an infrastructure that supports workers at my restaurant and in my community." Holly Hatch- Surisook, Owner, Sen Yai Sen Lek, Minneapolis, MN.
“As a small business owner, a mother, and a concerned citizen, I believe any budget surplus should be reinvested in our infrastructure, transportation, clean energy and education. Having a highly educated workforce should be a top priority in our state. Minnesota can be made an even greater state to live in by educating our population without saddling our young adults with crippling student loan debt as they exit college.
Additionally, tax cuts should be created to assist small businesses rather than expecting any benefit from the elusive "trickle-down" effect from corporate tax breaks. Helping small businesses will stimulate local economy and make our communities more vibrant." Terri Emmerich, owner, Spice of Life Tea Shoppe, St Cloud, MN
“These proposed corporate and other tax cuts will not benefit me or my business at all. As a matter of fact these tax cuts will likely result in my personal property taxes going up because of the shortfalls in infrastructure and education investment revenues. We’ve already seen what tax cuts like these cause…budget deficit after budget deficit, and rising property taxes. We did that for ten years. Why would we go back to doing that?” Todd Mikkelson, owner, Sprayrack by the RM Group, Orono, MN
Small-business owners slam AmEx over Excessive Fees, Tax Dodging
A fact sheet on American Express’s abusive behavior toward small businesses and on the company’s tax dodging is available here
The Main Street Alliance, a national network of small-business owners, is denouncing the hypocrisy of American Express for championing small-business shopping on the Saturday after Thanksgiving, while the credit card giant’s financial and tax practices hurt Main Street businesses every day.
Now in its fourth year, “Small Business Saturday” is the marketing invention of American Express, encouraging consumers to “Shop Small” the Saturday after Thanksgiving by using their American Express cards at participating businesses. American Express launched the marketing initiative just a month after the U.S. Justice Department filed an antitrust lawsuit against the company in 2010.
Small-business owners criticize the company for imposing the credit card industry’s highest “swipe fees” at 3.5 percent, and for its record of tax dodging that includes stashing $8.5 billion in profits offshore, which are not currently subject to U.S. taxes.
The Main Street Alliance encourages consumers to support small businesses this holiday season by shopping locally and paying for their purchases with cash.
But, American Express? Leave home without it.
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
On April 9, the Main Street Alliance and the American Sustainable Business Council released the results of new scientific polling of small business owners on corporate tax reform. The scientific live phone survey of 515 small business owners nationwide found small business owners strongly oppose a "territorial" tax system (which would permanently exempt offshore profits from U.S. taxation) and support proposals to close overseas tax loopholes and end deferral of U.S. taxes on profits corporations make or shift offshore.
For Immediate Release: December 20, 2012
Contact: Joshua Welter, firstname.lastname@example.org, 206-383-1857
Small businesses blast Boehner’s ‘Plan B’
Washington, DC – The Main Street Alliance, a network of small business owners across the country, released the following statement from Don Orange – owner of Hoesly ECO Auto & Tire in Vancouver, Washington, and a steering committee member of the Main Street Alliance – on Speaker Boehner’s “Plan B” proposal being voted on in the US House tonight:
“Speaker Boehner didn’t seem to learn the lesson of the election.
“Speaker Boehner’s ‘Plan B,’ which shields the wealthy from paying their fair share of taxes while raising taxes on poor and middle class families, will not help small businesses or our economy grow.
“Speaker Boehner may claim to be trying to help small businesses by moving the threshold for ending the Bush Tax Cuts from $250,000 to $1 million. But, in reality only 1 in 33 small business owners earn more than $250,000 in net take-home pay. Those that do include hedge fund managers, partners in corporate law practices, and K Street lobbyists, not the Main Street small businesses who make up the heart of local economies across America.
“At Boehner’s new million dollar threshold, millionaires would still enjoy an average tax cut of $100,000 – more than most people make in a year. At the same time, ‘Plan B’ actually raises taxes on poor and middle class families by letting tax credits lapse for working parents and for families with children in college.
“Small businesses need investments in a strong middle class to strengthen consumer demand, not tax giveaways for the wealthy.”
Here is a short YouTube video of Don Orange speaking about why Congress needs to act on tax fairness.
As negotiations reach a fever pitch, small business owners across the Main Street Alliance network are escalating pressure on Congress to require large corporations and the wealthy to pay their fair share to help fix the economy, and to protect middle class programs like Social Security, Medicare and Medicaid that strengthen the economy and increase consumer demand.
The Main Street Alliance is a national network of state and locally based small business groups that creates opportunities for Main Street small business owners to speak for themselves on issues that impact their businesses and local economies. www.mainstreetalliance.org