Small Businesses In New Jersey Want Even Playing Field [AUDIO]
Small business owners in New Jersey think big corporations don’t pay their fair share of taxes. This according to a scientific nationwide survey of small business owners by the American Sustainable Business Council, Main Street Alliance and Small Business Majority.
“Real small business owners don’t have the funds to pay corporate lobbyists which puts them at a disadvantage. They can’t take advantage of the same loopholes big businesses can,” said Jeff Brown of New Jersey Main Street Alliance.
“As a result, you have a bigger tax burden on small businesses as a portion of the overall amount of taxes that they pay,” said Brown. “This is why many small businesses in our coalition support increasing taxes on millionaire incomes and letting high-end tax cuts expire.”
“We need a Buffett Rule for wealthy individuals and a GE Rule for corporations,” said Scott Klinger, director of tax policy for Business for Shared Prosperity, a partner in the American Sustainable Business Council. “Warren Buffett spotlighted the madness of a tax code that lets him pay a lower rate than his secretary. U.S. multinational corporations who shift U.S. profits to offshore tax havens shouldn’t be rewarded with a tax rate below Main Street employers.”