Democrats Prepare to Raise Taxes on Small Businesses Even As They Stop Hiring
Will Shelley Berkley Stop Tax Hikes That Could Destroy 700,000 Jobs?
(Las Vegas, NV) – As House Democrats attempt to raise taxes on Nevada small businesses, a new poll shows that 70 percent of surveyed small businesses are not planning on hiring in coming months.
“Democrats continue to put politics ahead of actually helping America’s middle class provide for their families. Will seven-term Congresswoman Shelley Berkley stand up to her party leaders and protect Nevadans from job-destroying tax hikes? It’s doubtful, considering she votes with Nancy Pelosi ninety percent of the time, but Congresswoman Berkley keeps talking about how jobs are her priority. Maybe this time she’ll do something to help create them. What will you do Congresswoman Berkley? Will you stand with Nevadans, or with Nancy Pelosi?” said Chandler Smith, Heller for Senate spokeswoman.
A survey of small businesses shows that seventy percent said they do not plan on hiring: “Seventy percent of the respondents said they plan to maintain their current employee levels. Only 21 percent said they plan to hire one or more workers in coming months….Among the respondents, 35 percent said they were somewhat or significantly understaffed, the bank said.” (“Survey: Most small businesses don’t plan to hire in coming months despite being understaffed,” Associated Press, 7/30/2012)
The Democrats tax hike plan could destroy 710,000 jobs. (Robert Carroll and Gerald Prante, “Long-Run Macroeconomic Impact of Increasing Tax Rates on High-Income Taxpayers in 2013,” Ernst & Young, July 2012, Appendix C)
And according to the Joint Committee on Taxation, 940,000 small businesses would get hit by Democrats’ latest tax hike. “So the 2013 tax cliff is a big enough economic problem that President Obama now wants to postpone it for some taxpayers. But it isn’t so big that he’s willing to curb his desire to raise taxes on tens of thousands of job-creating businesses.” (Editorial, “Off the Tax Cliff He Goes,” The Wall Street Journal, 7/12/2012)