About | Contact | JOIN

NRCA Action Alert: Avoid Tax Increases on Small Businesses Now

Nov. 28, 2012

On Jan. 1, 2013, tax rates for most individuals, including many small and mid-sized businesses, will automatically increase unless Congress and President Obama agree on legislation to extend existing rates. NRCA has urged Congress to take immediate action to avert more than $500 billion in tax increases that could cripple our economy. NRCA urges all members to contact their senators and representatives at this critical time and urge them to act now to resolve this issue.

Background

In 2001 and 2003, Congress approved lower tax rates on individual income, capital gains, dividends and the estate tax that were set to expire at the end of 2010 under congressional budget rules. These tax rates were extended for two years in a bipartisan agreement between the president and Congress in 2010 but are again scheduled to expire. Also, more than $100 billion in across-the-board spending cuts are scheduled to take effect Jan. 1. The nonpartisan Congressional Budget Office (CBO) and many private economists predict failure to prevent massive tax increases and spending cuts during a time of weak economic growth will cause a recession in 2013. The CBO also estimates increasing taxes on businesses will result in 200,000 fewer jobs being created in 2013.

Congress must act by the end of the year if we are to avert this "fiscal cliff" of tax increases and draconian spending cuts. However, lawmakers and President Obama remain at an impasse. The president and most congressional Democrats insist taxes on higher earners, including many employers, be increased while tax rates for others are extended. Republicans oppose any increase in tax rates, arguing this will hurt economic growth and job creation, but have indicated they will accept increases in government revenue that result from scaling back certain tax deductions and credits.

NRCA has urged Congress to break the partisan gridlock and take immediate action to resolve this issue and prevent a recession. Contact your senators and representative now and urge them to support NRCA's position:
  • Support extension of all existing tax rates for individual income, capital gains, dividends and the estate tax for one year


  • Support a framework for comprehensive tax reform in 2013 that is need to spur economic growth and job creation by simplifying the tax code


  • Agree to develop a long-term plan to reign in excessive federal spending, including entitlement programs, the main driver of federal deficits
You may contact your senators by clicking on the link below to send an e-mail registering your opposition to tax increases on small businesses. Sample text is provided, and you may edit the text with your own concerns or the bullet points provided.

Click here and follow the instructions to contact your senators and representatives.

If you prefer to telephone your senators or representative, you may call the U.S. Capitol switchboard at (202) 225-3121, ask for the office of your senator or representative, and tell the staff of your "strong support for extending existing tax rates for all taxpayers for one year and achieving comprehensive tax and spending reform in 2013."

If you have questions, need more information or wish to report on the contacts you have made with your lawmakers, please contact Duane Musser, NRCA's vice president of government relations, at (202) 546-7584 or dmusser@nrca.net.

Thank you for taking the time to contact your lawmakers. Remember, grass roots action is critical to making a difference in Washington, D.C.





Roofing industry news

[ More news ]
Advertisement

Find a contractor

Roof type

ZIP Code
 

Find roofing contractors by state

Sponsored links