Oregon Small Business Council Co-Chair and Co-Owner of the Hawthorne Auto Clinic, Jim Houser, continued his track record of standing up for his business and the businesses the OSBC represents today when he joined Senator Merkley, and other national small business leaders, on a call with the national media.

On the call, Jim discussed why adding $700 billion to the deficit for a new round of tax cuts for the wealthiest two percent of Americans is bad for business:

“These tax cuts for the richest two percent are no help to small businesses like mine.  We need policies that actually help small businesses by restoring consumer purchasing power and spurring demand. Extending federal unemployment benefits would produce 6 to 8 times the economic impact in terms of job growth compared to the tax cuts. And that’s just one example.”

When the Congressional Budget Office studied different options for jump-starting economic growth and evaluated the Bush tax cuts for the wealthy among a set of 11 policy options, the tax cuts came in last of all 11 options.

While proponents of extending the high-income tax cuts frame their case around concern for small businesses, only three percent of taxpayers who report any business income (let alone income from a small business) earn enough to break into the top two tax brackets. In fact, even this figure overstates the impact on actual small businesses.

Click Here for Audio of The Entire Call.

Read the Story in the Oregonian.

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