A new survey out today from the Job Creators Alliance echoes the call for comprehensive tax reform made by the House, the Senate and the White House. Amongst the findings, the survey reveals that small businesses identified taxes as “the single most important issue facing small businesses,” with respondents voluntarily citing taxes twice as often as any other issue. Comprehensive tax reform to make the tax code simpler, fairer and flatter for hardworking taxpayers will help create the paychecks... Read more

Today, the National Taxpayer Advocate issued its 2012 Annual Report to Congress. Key findings include: It takes U.S. taxpayers (both individuals and businesses) more than 6.1 billion hours to complete tax filings. For 2010, the Taxpayer Advocate estimated that it cost individual and corporate taxpayers $168 billion to comply with the code. Today’s tax code contains almost four million words. On average, more than one new tax provision is added to the tax code each day. Roughly nine out of 10 Am... Read more

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Today, as President Obama heads to Detroit to renew his call for $1.6 trillion in higher taxes, including higher tax rates, Main Street job creators are sharing first hand what the impact of the President’s proposal means to them and the men and women working alongside them – their employees. In some cases, the President’s tax hikes will force businesses to adjust hiring plans and hold back on capital expenditures. In other cases, higher taxes means delaying raises and curtailing contributions ... Read more

Yesterday, President Obama claimed that “the math” behind Republicans’ proposal to obtain $800 billion in revenue through tax reform without raising tax rates does not add up: "Unfortunately, the Speaker's proposal right now is still out of balance. You know, he talks, for example, about $800 billion worth of revenues, but he says he's going to do that by lowering rates. And when you look at the math, it doesn't work." However, just last year the President said that it was possible to obtain $1.... Read more

GOP Tax Reform President’s Plan Creates a simpler and fairer tax code Yes No Closes special interest loopholes Yes No Lowers tax rates for families and employers Yes No Encourages job-creating investments Yes No Makes the United States a more attractive place to invest and create jobs by reducing the corporate tax rate to 25 percent Yes No Modernizes America’s 1950s style international tax system so our workers can compete in the 21st century Yes No Ensures that the level of tax revenue taken o... Read more

Today, President Obama will gather with the titans of Wall Street to promote his $1.6 trillion tax hike plan to avert the fiscal cliff. Main Street business owners across the country are speaking out too, warning that the President’s tax hikes, financed on the backs of Main Street, will turn the fiscal cliff into a jobs cliff. A recent survey conducted by the National Association of Wholesalers and Distributors (NAWD), a trade association whose membership includes pass-through businesses affect... Read more

While President Obama campaigns in Pennsylvania today and makes another pitch to raise taxes by $1.6 trillion, he has still failed to put forward a “balanced” plan that includes significant spending reductions to deal with the fiscal cliff. The President’s continued focus on increasing tax rates is fast turning the fiscal cliff into a jobs cliff. In fact, manufacturers across the country are warning the President’s tax increases will cost American jobs. These employers aren’t alone. According to... Read more

In a news story titled “Efforts to Curb Social Spending Face Resistance,” today’s New York Times reports that, “In talks with Congressional leaders, Mr. Obama is seeking $1.6 trillion in additional revenue over 10 years and $340 billion in health care savings.” In noting that the “Administration was not considering changes” to Social Security, the article also suggests that the health care savings are the only spending cuts being considered by the White House. That means the President is now se... Read more

Associations representing the nation’s leading small businesses today released a letter urging Congress to reject the President’s call for higher marginal tax rates on main street employers. A total of 42 business organizations employing tens of millions of workers sent the letter to Capitol Hill urging Congress to avert job-killing tax hikes and instead pursue comprehensive tax and entitlement reform. “[W]e strongly urge Congress to pursue comprehensive tax reform that lowers rates on all form... Read more