In the News

warning: Creating default object from empty value in /usr/www/users/bsp07/businessforsharedprosperity.org/modules/taxonomy/taxonomy.pages.inc on line 34.

Reuters: Small businesses say tax-cut extension won't spur hiring

By Deborah L. Cohen
Reuters, Dec 8 2010

Extending Bush-era tax breaks won't be enough to encourage business owners like Brad Schulman to begin hiring.

"They've got a noose around small business," said Schulman, founder of Northbrook, Illinois-based Green Planet Bottling (www.greenplanetbottling.com), a maker of eco-friendly plant-based water bottles. "I've got no money to reinvest."

St. Louis Post Dispatch: And now, a word from a real, live small business owner

By Lew Prince
Other Voices, St. Louis Post-Dispatch, Dec. 6, 2010

From time to time, the Editorial Page presents "Other Voices," commentaries from a variety of sources on topics important to St. Louis readers. Today we present an excerpt from a commentary by Lew Prince, managing partner of Vintage Vinyl in University City. It appeared in the Dec. 3 edition of Politico (www.politico.com).

On the Hill: Republican Hatch Blocks Tax Cuts, After Accusing Dems Of 'Political Stunt'

By Scott Nance
On the Hill blog, De. 4, 2010

The Senate GOP lined up in a rare Saturday session to filibuster legislation to extend tax cuts for the middle class, a day after a senior Republican accused Democrats of engaging in a "political stunt."

Politico: Lew Prince, Tax cuts for rich don't trickle down

Op-Ed By Lew Prince
Politico, December 3, 2010

I’ve run a small business for more than 30 years, and the claim that more tax cuts for the rich can generate jobs at small businesses is ridiculous. Expecting high-end tax cuts to trickle down as job creation is about as reasonable as pouring gasoline on your hood and expecting it to run your engine.

Business First: Some biz owners ask their taxes be hiked

By Kent Hoover
Business First (Columbus), December 3, 2010
Also in Pittsburgh Business Times, Phoenix Business Journal, Boston Business Journal, Buffalo Business First, Business Journal (Tampa Bay) and other American City Business Journals

Most business groups support extending tax cuts for wealthy Americans, but some businesspeople contend the economy would benefit from letting these tax rates go up.

Portfolio: House Passes "Chicken Crap"

By Kent Hoover
Dec 02 2010

The House passed legislation today that would permanently extend tax cuts enacted during President George W. Bush’s administration, except for tax rates on households with more than $250,000 in income.

Those tax cuts are scheduled to expire December 31; if Congress does nothing, most Americans will face tax increases January 1.

The Hill: Margot Dorfman, If you really want to help small business, let top bracket tax cuts expire

By Margot Dorfman, CEO of the U.S. Women’s Chamber of Commerce
The Hill, 12/02/10

Portfolio: Small-Business Tax Heresy

By Gary Weiss
Portfolio, Nov 30 2010

Believe it or not, there are some small-business people who are perfectly willing to see their tax cuts expire. They say it's good for the overall economy and that, in the larger scheme of things, a reversion to the tax rates of the '90s will be good for them too.

Investment Business Weekly: New Report Makes Business Case for Letting High-End Tax Cuts Expire

National Business Leaders, Small Business Owners Signing Petition to Congress, President

Investment Business Weekly, Dec 5, 2010

Raleigh News & Observer: Truth and Taxes

Editorial
Raleigh News and Observer, Nov 26, 2010

The case that Republicans in Congress make for extending the Bush-era tax cuts for the wealthiest Americans paints a dire picture of what would happen to small business should the cuts not be extended. The picture is also deceptive and incomplete.

Everyone agrees that small businesses are a key to growing jobs in this country. Making it easier for small businesses to form, to remain healthy and to expand means that people go to work.

American Forum: Brian Setzler, What's really best for small business?

By Brian Setzler
Op-Ed Distributed by American Forum, Nov 16, 2010

As a certified public accountant and business owner, I know the impact of taxes up close and personal. And the claim that ending Bush-era tax cuts on income over a quarter of a million dollars will hurt the economy, reduce employment and burden small businesses is patently false. Let’s take a look at the evidence.

Politics & Government Week: Business for Shared Prosperity-Let High-End Tax Cuts Expire; Do What's Really Needed to Grow Jobs

Politics & Government Week, Nov 25, 2010

The CEOs of the U.S. Women's Chamber of Commerce and The South Carolina Small Business Chamber of Commerce joined with Business for Shared Prosperity and other business groups and small business owners around the country to urge President Obama and Congress to restore the top personal income tax rates to their pre-Bush levels. Instead of borrowing $700 billion for counterproductive tax cuts for the best off, they say invest tax revenue in growing jobs and rebuilding the failing infrastructure dragging down our economy.

Huffington Post: Chuck Collins, Progressive Push Back to Eliminate Tax Cuts for Rich

Huffington Post, November 23, 2010

A Mighty Mobilization to Prevent a Democratic Cave-in is Underway

After the mid-term elections, the Obama Administration and some Democratic leaders signaled that they might compromise on extending the Bush-era tax breaks for wealthy households. Compromises include extending them for several years -- or raising the income threshold higher to $1 million.

Los Angeles Times: If tax breaks for the wealthy expire, would small business suffer?

Republicans say an extension would encourage spending and job creation. Most Democrats say the majority of small firms wouldn't be affected anyway.

By Jim Puzzanghera
Los Angeles Times, November 22, 2010
published in numerous other papers

Curtis Hamilton says he wants to hire more programmers and buy computer hardware for his Escondido human resources firm. But he's worried that his taxes will go up next year, and with the economy still struggling, he's holding off.

Cape Cod Times: The Bush-era tax cuts and you

By Sarah Shemkus
Cape Cod Times, November 21, 2010

Among the issues the lame-duck Congress will be grappling with over the next few weeks is the question of what to do with the tax cuts implemented by President George W. Bush in 2001.

Extend them? Let them expire? A little of both? What do the options mean for the economy? For jobs?

To help make sense of the questions surrounding the issue, we have assembled the answers to some of the most frequently asked questions about the ongoing debate.

What are the tax rates now?

North Platte Bulletin: Spiced up tax cuts: Too rich

by George Lauby
North Platte Bulletin (NE), 11/21/2010

Let's urge the light of reason to shine on the Bush-era tax cuts that will expire Dec. 31 unless Congress steps in.

Congress is indeed expected to step in with all 535 sets of feet. The debate could be the biggest partisan battle between Republicans and Democrats of the holiday season.

Remember last year, when Republicans and Democrats battled was over health care reform? This fight might not be quite as dramatic, but it is just as important.

All Business: What Small Business Needs From the Lame Duck Congress

By Keith Girard
AllBusiness blog, Nov 18, 2010

The New York art world was stunned last week when Roy Lichtenstein’s iconic 1964 painting, titled "Ohhh, Alright," sold for a record-smashing $42.6 million at Christie’s auction of contemporary art. The auction capped two weeks of sales that broke record after record for major art works.

Economics Week: Business leaders call on President,Congress to let Bush's high-end tax cuts expire

Editor's Choice
Economics Week, November 26, 2010

Business for Shared Prosperity; Business leaders call on President,Congress to let Bush's high-end tax cuts expire

Do What's Really Needed to Grow Jobs and Economy

Forbes: Small Business Owners Say Tax The Rich

By Ashlea Ebeling
Forbes, Nov. 17, 2010

Extending the Bush tax cuts for high earners would spell gloom and doom, according to a group of small business owners and leaders assembled today by Sen. Jeff Merkley (D-Or.) and an outfit called Business for Shared Prosperity.

Investors Business Daily: Rear Guard Action On Upper-Income Tax Cuts

By David Hogberg
Investors Business Daily, Nov. 17, 2010

Although President Obama is willing to extend the Bush tax cuts on upper-income earners, that doesn’t mean liberal groups are giving up.

Sen. Jeff Merkley, D-Ore., is marshaling some small business groups on the political left to push for letting the Bush tax cuts expire for the top two income tax rates.