For Immediate Release
Jack Mozloom, 202-406-4450 or 609-462-5610 (cell)
Due Respect, Mr. Secretary, but that ain’t tax reform
Washington, D.C. (May 3, 2016) – Treasury Secretary Jack Lew this afternoon reportedly said during a panel discussion at the Milken Institute that NFIB was responsible for blocking tax reform. NFIB President and CEO Juanita Duggan issued the following statement in response:
“We’d like to thank the Secretary for acknowledging our efforts. It’s well known that we opposed the so-called tax reform deal between Congress and the Obama administration that would have reduced taxes for the biggest and wealthiest corporations in the world without cutting taxes for small businesses.
“Small business creates more than half of all jobs. It represents more than half the GDP. Ninety-nine percent of all American businesses are small businesses. And three quarters of all small businesses pay as individuals, not as corporations. If the point of tax reform is to boost the economy, then it should focus on the biggest and most important part of the economy.
“We’re more than happy to work with Secretary Lew and congressional leaders on real tax reform. We’re also prepared to fight against anything less than real tax reform.”