In the News

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Accounting Today: Small Business Leaders Urge Closing of Corporate Tax Haven Loopholes

By Michael Cohn
Accounting Today, Dec. 14, 2012 

Hundreds of business leaders who are part of a trio of advocacy groups have signed a letter calling on Congress and President Obama to close corporate tax haven loopholes that cost the U.S. Treasury $100 billion a year.

The Loop: U.S. Small Business Administrator Chief Karen Mills Meets with Delmar Loop Business Owners

The Loop (St. Louis), Dec. 6, 2012

Karen G. Mills, a member of President Barack Obama’s Cabinet and head of the U.S. Small Business Administration held a roundtable discussion on Wednesday with several business owners in the Delmar Loop.

Chief Mills discussed President Obama’s Deficit Reduction Plan with The Loop’s business owners and listened to concerns that small businesses are facing in today’s economy.

Immediately following the meeting, Chief Mills toured The Loop and visited Vintage Vinyl, Fitz’s, Componere Gallery, and Blueberry Hill.

Pittsburgh Post Gazette: Cynthia Barber Gale, Tax cuts don't create jobs

Take it from me -- a small business owner and 'job creator'

By Cynthia Barber Gale
Pittsburgh Post Gazette, December 4, 2012
Distributed by American Forum

My husband and I have owned a branding and graphic design business since 1993. Some politicians call us "job creators." They say that unless we extend the Bush tax cuts for the richest 2 percent of Americans, small businesses like ours will be hurt. Don't believe it.

Inc.: Inside Obama's Meeting with Entrepreneurs on the Fiscal Cliff

On Tuesday, President Obama met with 15 entrepreneurs from across the country to discuss the looming "fiscal cliff." Here's what happened behind the closed doors.

By Matthew Wong
Inc., Nov 29, 2012 

When entrepreneur and Inc. 30 Under 30 alum Nikhil Arora received an email from the White House last Thursday to attend a small business meeting, he didn’t know exactly what to expect or even who from the Obama administration would be present. …

Forbes: Fiscal Cliff Follies: Four Myths

By John Wasik
Forbes, Nov 29, 2012 

Is the fiscal cliff dilemma a complete muddle to you?

Some of the issues are so buried in political rhetoric that you will need a front-end loader to get at the truth. Here are some myths that should be noted in the process of fact checking arguments.

Jackson Free Press: Taxes: Obama vs. Bush Rates

By Ronni Mott
Jackson Free Press (Miss.), Nov 29, 2012

True or False? Allowing the Bush-era tax cuts to expire for the wealthy will increase unemployment.

Tax cuts are like power: Once people have some, wresting it out of their hands makes for a battle royale. Yet, reversing the Bush-era tax cuts for the wealthy summarizes President Barack Obama's re-election campaign for many Americans: Those that have quite a lot should pay a little more.

St. Louis Business Journal: Vintage Vinyl’s Lew Prince featured on MSNBC

By Matthew Hibbard
St. Louis Business Journal, November 29, 2012 

Vintage Vinyl Managing Partner Lew Prince made an appearance on MSNBC’s the Ed Show the day after he met with President Barack Obama.

Prince was one of 12 small business owners who talked taxes with the president Tuesday. He said on Ed Schultz’s news commentary program that he supports tax cuts to the middle class, saying they would help small business owners like himself.

Bloomberg BusinessWeek: Small Biz Suffers From State Budget Cuts for Courts

By Peter S. Green
Bloomberg BusinessWeek, Nov 29, 2012 

MSNBC The Ed Show: Lew Prince Interview

MSNBC The Ed Show, Nov 28, 2012

Excerpt: And Lew Prince is with us, a small business owner from St. Louis, Missouri, who met with the president yesterday.  ...

SCHULTZ: Mr. Prince, I was struck by your comment outside the White House yesterday when you said basically raising taxes on the job creators is the wrong thing to do. I think you made a direct hit right there on the Republican philosophy.

But to the brass tacks of your business, how does this tax deal affect you and other small businesses?

Fox: What Small Business Owners Would Like to See in Fiscal Cliff Deal

Neil Cavuto, Fox News, Nov 28, 2012

Interview with Lew Prince

Watch

Reuters: Obama promotes tax agenda, Congress in stand-off

By Richard Cowan and Jeff Mason
Reuters, Nov 27, 2012

President Barack Obama on Tuesday launched a public relations push for his bid to raise taxes on wealthy Americans, but U.S. lawmakers remained deadlocked over dramatic, year-end tax increases and spending cuts known as the "fiscal cliff."

At the White House, small business leaders emerged from a one-hour meeting with Obama to voice support for his goal of extending low tax rates for the middle class beyond the end of the year, while letting rates rise for wealthier taxpayers.

Wall Street Journal: CEOs Flock to Capital to Avert ‘Cliff’

By Damian Paletta and Kristina Peterson
Wall Street Journal, Nov 27, 2012

The last time Washington wrangled over the deficit, in the summer of 2011, U.S. businesses watched nervously from the sidelines, a decision that many came to regret as the country came close to defaulting on its debt.

National Journal: Who Are the Small Business Owners Obama Hosted?

By Sophie Quinton and Lara Seligman
National Journal, Nov 27 2012

President Obama’s anti-Wall Street rhetoric has strained his relationship with the business community, and Republicans spent the summer pounding his clumsily worded comments discussing the role of government in building infrastructure critical to businesses. But the president still has some small businessmen behind him, as the White House demonstrated on Tuesday by rounding up fifteen such supporters for a meeting.

UPI: Durbin: 'Fiscal cliff' can be averted

UPI, Nov 27, 2012

... Obama Tuesday met with 15 small business owners to discuss tax policy.

Bloomberg BusinessWeek: Obama Tries to Assuage Small Businesses' Fiscal Fears

By John Tozzi 
Bloomberg BusinessWeek, Nov 27, 2012 

When President Barack Obama met with small business owners at the White House on Tuesday, he tried to reassure them that he’ll reach a deal with Republicans in Congress to keep tax cuts for the middle class from expiring Jan. 1. The 15 business owners who spent more than an hour with Obama, Vice President Joe Biden, and top economic aides walked out of the Roosevelt Room convinced, according to interviews with four of them. ...

NPR All Things Considered: Obama Keeps Pressure On Congress Over Fiscal Cliff

NPR All Things Considered, Nov. 27, 2012

Excerpt: MELISSA BLOCK, HOST: President Obama hosted a group of small business owners at the White House today. It's part of a broader outreach effort aimed at keeping the pressure on Congress to find a way around the so-called fiscal cliff. NPR's Scott Horsley begins our coverage.

SCOTT HORSLEY, BYLINE: ... Mr. Obama met today with owners of a trucking company, a construction firm, a microbrewery and Lewis Prince, who owns a vintage record store in St. Louis.

Business Journals: Obama meets with small business owners about fiscal cliff

Kent Hoover, Washington Bureau Chief
Business Journals, Nov 27, 2012 

Small business owners spent two hours at the White House this afternoon talking to President Barack Obama and his top economic advisers about the fiscal cliff and what should be done to avoid it.

CBS KMOX: Vintage Vinyl Owner Talks Taxes With President Obama

CBS KMOX St. Louis, Nov 27, 2012

The owner of one of St. Louis’ best known small businesses was at the White House Tuesday, talking with President Obama about the fiscal cliff.

Vintage Vinyl Managing Partner Lew Prince joined 11 other small business owners from around the country, in urging the administration to reach a long-term deficit reduction deal that, according to Prince, “Doesn’t cause huge pain to people in the safety net or average people.”

Milwaukee Business Journal: Small biz owners show support for ending tax cuts for wealthy

By Wendy Strong
Milwaukee Business Journal, Nov 27, 2012

More than 600 small business owners and executives, including six from Wisconsin, have signaled support for a call to end Bush-era tax cuts for the top 2 percent.

The business owners signed a letter sent by the American Sustainable Business Council and Business for Shared Prosperity that called on Congress to end the tax cuts and "reinvest in America" as part of efforts to avert the so-called "fiscal cliff."

St. Louis Public Radio: Vintage Vinyl Owner Among Small Business Leaders At White House Meeting

The owner of Vintage Vinyl in St. Louis was one of 15 small business owners who met with President Obama today.

Lew Prince is a member of Business for Shared Prosperity, an organization that is pushing Congress to end the Bush-era tax cuts for the top two percent.

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