FOR IMMEDIATE RELEASE
Contact: Jennifer Cooper, (202) 406-4425 or Jennifer.Cooper@NFIB.org
WASHINGTON, D.C., March 20, 2012 —Today, the National Federation of Independent Business (NFIB) applauded the budget blueprint put forth by House Budget Committee Chairman Paul Ryan as it will help to get both small business and our economy back on its feet.
“The vast majority of small-business owners pay taxes at the individual rate, not the corporate rate,” said Susan Eckerly, Senior Vice President of Federal Public Policy. “The economic uncertainty felt by small-business owners stems in part from fear that their individual rates will go up next year. Small-business owners already spend countless hours trying to figure out an unnecessarily complicated tax code and trying to factor in individual tax rate increases is simply overwhelming.
“The Ryan budget presents itself as a strong ally of small business by confronting the uncertainty surrounding tax code complication and individual rate tax increases. By simplifying the tax code, eliminating the Alternative Minimum Tax and creating two new individual tax brackets at 10% and 25%, the Ryan budget is helping small-business owners to get back on their feet. This focus on individual rates will help job creators more clearly predict their tax burden going forward, allowing them to focus more on growing their business and helping the economy.
“Additionally, enough cannot be said about Congressman Ryan’s push for entitlement reform and deficit reduction. After all, small business can only grow and thrive in an economy that fosters growth, not debt.”
NFIB is the nation’s leading small business association, with offices in Washington, D.C. and all 50 state capitals. Founded in 1943 as a nonprofit, nonpartisan organization, NFIB gives small and independent business owners a voice in shaping the public policy issues that affect their business. NFIB’s powerful network of grassroots activists sends their views directly to state and federal lawmakers through our unique member-only ballot, thus playing a critical role in supporting America’s free enterprise system. NFIB’s mission is to promote and protect the right of our members to own, operate and grow their businesses. More information is available online at www.NFIB.com/newsroom.