Industry Research

President Obama Snubs Small Business on Tax Reform

Posted on July 30, 2013

After more than four years in office and plenty of speeches and studies, will President Obama's policies ever help generate the sustained creation of small business, private sector jobs needed to spur strong economic growth?
After more than four years in office and plenty of speeches and studies, will President Obama's policies ever help generate the sustained creation of small business, private sector jobs needed to spur strong economic growth?

WASHINGTON, D.C. — National Federation of Independent Business (NFIB) President and CEO Dan Danner made the following statement in response to Tuesday's corporate tax reform speech by President Obama:

“Once again President Obama has made a major policy speech without offering anything of substance to the real engine of the U.S. economy – small business,” Danner said. “A corporate-only approach to tax reform will ensure that small business shoulders a much greater tax burden than mega-corporations that have been gaming the system for years.

“Over 75% of all small businesses in the United States are taxed at the individual rate. By focusing on corporate-only reform, the President will disadvantage the innovators, the job creators, and the leading pillars of local communities. Any discussion of tax reform must include both corporate and individual rates so that there is a level playing field for businesses of all sizes.”

NFIB Jobs Outlook Cites Few Jobs, Poor Prospects

Source: NFIB

View comments or post a comment on this story. (6 Comments)

More News

US Leisure Travel Growth Pace Slowing Into 2017

While it still leads the domestic market, the amount of forward-looking bookings and vacation intentions are lower.

Global Lux Travel Market To Reach $1.1 Billion By 2022

For unforgettable experiences, people increasingly opt for unique trips like cultural visits, cruising, and adventure excursions.

Luxury Travel Industry To Reach $1.2 Billion By 2020

Affluent consumers are highly interested in unique experiences, focusing on adventure.

Luxury Travel Market Looks Healthy For 2017

One of the biggest trends is the use of “Millennial” as a term that defines how people would like to travel. 

What Will 2017 Bring To The World Of Business Travel?

Car rental brands are losing customers to growing transportation network companies.

See More News

Facebook Comments ()

Comments (6)

Post a Comment

Submit

Blogs

See More

See More

See More

See More

LCT Store

LCT Magazine - December 2016 $12.95 GLOBAL/INTERNATIONAL ISSUE COVER STORY: * The Coolest Operators on the Planet * *
LCT Magazine - November 2016 $12.95 COVER STORY: * iCARS Creates a New Model Of Limo Service * *



Connect

Experience the three annual industry events for networking for business, showcasing vehicles and products, and getting the tools for success.

Read About Your Region

What’s Happening Near You?
Click on any state to see the latest industry news and events in that region.

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Metro Magazine

Serving the bus and passenger rail industries for more than a century

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

Please sign in or register to .    Close