Main Street Alliance of Small Businesses Demand End to Bush Tax Cuts
Main Street Alliance leaders urge Congress to end top-bracket Bush tax cuts, protect middle class programs, put more revenue options on table.
Washington, DC – As Congress reconvened Tuesday for its lame duck session, small business leaders from the Main Street Alliance network sent a letter to President Obama, House Speaker John Boehner, Senate Majority Leader Harry Reid, and other congressional leaders outlining a small business agenda for the fiscal showdown coming in the lame duck session of the 112thCongress. Main Street business owners called for an end to the top-bracket Bush tax cuts, urged Congress to protect middle class programs that strengthen the small business customer base, and pushed for additional revenue options.
This small business agenda presents a sharp counterpoint to the positions staked out by corporate executives and Wall Street CEOs, including the “Fix the Debt” CEO council and the Tax Relief Coalition, ahead of the lame duck session of Congress scheduled to start next week.
The small business letter reads, in part:
If we’ve learned anything from the economic forecasts about the so-called “fiscal cliff,” it is that austerity policies won’t work any better in America than they have in Europe. Austerity-driven budget cuts won’t create an economic miracle, they’ll force our economy back into recession and kick off a downward spiral.