Straight Talk: Small Businesses Are Getting a Bad Deal

Statement

Dear Friends,

An old (amusing but grim) observation attributed to Benjamin Franklin is that the only things certain are death and taxes. How ironic -- with January barely over three months away -- that Americans are still not certain what their tax rates will be by then. The House has voted to stop tax increases and provide certainty. President Obama and the Senate are defaulting on this duty.
We don't look to the federal government to create private sector jobs, but rather to create an environment that fosters growth. Conversely, the government can stifle growth through bad decisions like this uncertain tax environment. As the nation slogs through the worst recovery since the Great Depression, there can be little doubt that President Obama's unreasonable policies are playing a role in preventing robust recovery.

Uncertainty is paralyzing for small businesses, many of which operate on razor thin margins. The United States needs tax reform because small businesses should never be put in this fix again. The complicated tax code has become bulky and too prone to picking winners and losers in our economy. The first step toward fiscal soundness is stopping the threat of tax hikes on small businesses. The Senate and the President should put aside their tactics of division and end this costly and needless uncertainty.

Sam Graves
Chairman

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