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