Jobs Groups ‘Strongly Oppose’ Dem Tax Hike

Job Groups: ‘We Strongly Oppose The Provision’

JOBS GROUPS LETTER: “As organizations representing millions of employers, we strongly oppose the provision in S. 2343 to increase payroll taxes… by $9 billion.” (37 Jobs Groups, Letter To Senators Harry Reid And Mitch McConnell, 5/3/12)

·         “…this provision represents a tax increase rather than a clarification of existing tax burdens.” (37 Jobs Groups, Letter To Senators Harry Reid And Mitch McConnell, 5/3/12)

·         “…could embrace a significant portion of the American economy. Closely-held businesses engaged in health, real estate, engineering, architecture, consulting, financial services, billing, and other fields could be affected.” (37 Jobs Groups, Letter To Senators Harry Reid And Mitch McConnell, 5/3/12)

·         “Legislation similar to the payroll tax provision in S. 2343 failed to move through the Senate in 2010. Like S. 2343, that provision was made public at the last minute and brought directly to the Senate floor.” (37 Jobs Groups, Letter To Senators Harry Reid And Mitch McConnell, 5/3/12)

·         “…we are concerned that the permanent payroll tax increase in S. 2343 would be used to fund a temporary program… we would argue that payroll tax collections should be reserved for Medicare and Social Security and not diverted to offset unrelated federal spending.” (37 Jobs Groups, Letter To Senators Harry Reid And Mitch McConnell, 5/3/12)

Letter Signed By:

U.S. Chamber of Commerce

National Federation of Independent Businesses

National Small Business Association

Air Conditioning Contractors of America

American Bankers Association

American Council of Engineering Companies

The American Institute of Architects

American Rental Association

American Supply Association

Associated Builders and Contractors

Associated Equipment Distributors

Associated General Contractors of America

Automotive Aftermarket Industry Association

Financial Executives International’s Committee on Private Company Policy

Financial Planning Association

Financial Services Institute, Inc.

Independent Community Bankers of America

Independent Insurance Agents & Brokers of America

International Foodservice Distributors Association

International Franchise Association

National Apartment Association

The National Association for the Self-Employed

National Association of Convenience Stores

National Association of Wholesaler-Distributors

National Electrical Contractors Association

National Funeral Directors Association

National Grocers Association

National Multi Housing Council

National Restaurant Association

National Roofing Contractors Association

National Utility Contractors Association

Printing Industries of America

Professional Beauty Association

The S Corporation Association

Truck Renting & Leasing Association

U.S. Business and Industry Council

Wine & Spirits Wholesalers of America