151 Days – the countdown continues.
You can’t argue with the facts – and with your help, we’re getting the facts straight as it relates to the impending Fiscal Cliff.
Politicians in Washington have focused on the fact that only 2 to 3 percent of taxpayers will be impacted by the expiration of the 2001 and 2003 tax rates for higher income earners.
But that’s not the point. The point is that thousands of businesses, and the jobs they create, will be threatened. 53% of small business income would be hit by higher taxes if rates on sucessful small businesses are allowed to rise.
Watch our Chief Tax Policy Counsel, Caroline Harris, outline why the percentage of taxpayers doesn’t matter as much as the disruption to business does.
Job creators need to know what their tax rates will be in order to have certainty and make the investments necessary to keep our economy growing.