PA Senate Democrats Tax Plan an Assault on Small Business

Date: May 11, 2016 Last Edit: May 12, 2016

HARRISBURG, PA. (May 11, 2016) – Pennsylvania
Senate Democrats today proposed a set of tax bills that impose a higher tax
burden on small businesses throughout the Commonwealth.  Their proposal includes a graduated income
tax and higher taxes that target small-business income.  The plan would negatively impact the majority
of Pennsylvania’s nearly one million small businesses.  That’s because 80-percent of those small
businesses pay business taxes through the owners’ personal income tax return.

“The proponents say the plan would help the middle class, but
nothing could be further from the truth,” said Neal Lesher, legislative
director for NFIB Pennsylvania.  “When
about half of the private sector workforce works at a small business, new small
business taxes endanger those workers’ jobs.

“Instead of thinking of new ways to tax small businesses, lawmakers
should focus on simplifying the tax code and reducing the regulatory burden so
that we can unleash this economic driver of our economy and create new jobs and
higher wages for all Pennsylvanians,” said Lesher.

Small-business owners frequently reinvest their profits to
grow their companies which create jobs. New higher taxes on those profits will
directly impact small business growth, discourage entrepreneurship and stifle
this important sector of the Pennsylvania economy.

 

Related Content: NFIB in My State | State | Pennsylvania | Taxes

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