BSP In the News
- The Hill: Frank Knapp, Small business opposes multinational corporations' tax avoidance
- Minimum Wage News at our BUSINESS FOR A FAIR MINIMUM WAGE website
- The Hill: Report: Taxpayers shoulder burden for offshore tax haven use
- Paramus Post (NJ): Offshore Tax Havens Cost Average Taxpayer $1,026 a Year, Small Businesses $3,067
- U.S. PIRG, Sen. Levin, Small Business Leaders Release "Picking up the Tab 2013: Average Citizens and Small Business Owners Pay the Price for Offshore Tax Havens"
- American Forum: Scott Klinger, Half Time at the Federal Budget Super Bowl
- Philadelphia Daily News: Talking Small Biz
- Triple Pundit: Don’t Blame Google and Starbucks For Minimizing Tax Bills
- Roll Call: Time for Plan C - Close the Floodgates on Corporate Tax Dodging
- CFO: Small Biz, the Fiscal Cliff, and the Big, Bad Bank
- Westerly Sun: Business leaders urge change in tax system
- McClatchy Tribune News Service: A plea for tax fairness from small businesses
- UPI: 'Fiscal cliff': Is there a Plan C to avoid tax increases, spending cuts?
- Madison Capital Times: Wisconsin business owners join national call to raise corporate taxes
- Charlotte Observer: Charlotte small business owners urge tax reform
- Politico: 'Revenue-neutral' tax reform takes hit
- National Journal: Sen. Levin, Small Businesses Push for Corporate Tax Hikes
- Washington Post: Sen. Levin wants corporate tax revenue in a fiscal cliff deal
- The Hill: Corporate revenues must be in debt deal
- Accounting Today: Small Business Leaders Urge Closing of Corporate Tax Haven Loopholes
Entrepreneur: What the 'Buffett Rule' Means to Small-Business Owners: Not Much
By Catherine Clifford
Entrepreneur, April 16, 2012
The Senate is voting today on the Buffett Rule, a tax bill assailed by critics as, among other things, bad for entrepreneurs and jobs. But a closer look reveals that the measure, if passed, and that's a big if, would have little impact on the majority of small-business owners. ...
Other business organizations say the measure would hardly impact small-business owners at all. One group sent a letter to Senators in support of the bill. It cited a poll by the American Sustainable Business Council, Main Street Alliance and Small Business Majority that found that only one of the 500 small-business owners surveyed reported annual income of more than $1 million. That finding refutes the argument that small businesses would be disproportionately impacted by the Buffett Rule, the letter says.
Using small businesses as a sort of poster child for why the Buffett Rule would hurt the economy offends John Arensmeyer, the CEO of the Small Business Majority, a national small-business advocacy group. There are almost no small businesses that make over $1 million a year, he says. “Our biggest issue is saying, ‘Oh my gosh! This is going to hurt small business!’ and that is ludicrous. It couldn’t be further from the truth,” says Arensmeyer. “There are virtually no small businesses that earn that kind of money.”
Ben Markeson, the owner of Three Star Flea Market in Apopka, Fla., near Orlando, doesn’t see the Buffett Rule as a small-business issue. His mother started the market in the early 1970’s and now Markeson runs it himself. To Markeson, the Buffett Rule is about fairness. And to hear the Buffett Rule being defended to protect small business strikes Markeson as disingenuous. ...
Read More: http://www.entrepreneur.com/article/223353