Small business owners: We’re proud to be American businesses and proud to pay our fair share of taxes
**Small Business Owners Available for Comment**
Portland, OR–– With Tax Season in full swing, business owners and working families across the country are standing together, proud to live, work, and support the United States and their local communities. Small business owners here in Oregon know that their tax dollars go to support the communities that help to make their businesses thrive. Investments in our schools, public infrastructure, safety, and much more depend on everyone paying their fair share of taxes.
Despite relying on American customers and taxpayers for their profitability, many large businesses have recently decided to undertake a so-called “corporate tax inversion,” made possible by a loophole in the tax code that allows American companies to reincorporate in a foreign country when just 20% of its stock is owned outside of the United States.
In response, today over 500 business owners, The Main Street Alliance (MSA), and the American Sustainable Business Council (ASBC) have pledged to remain in the US, and not abandon their country.
“As a small business owner, I’m grateful for my country and community, they’ve helped my business thrive for over 32 years,” said Jim Houser, owner of Hawthorne Auto Clinic in Portland. “I’m proud to pay my fair share of taxes to help keep my community healthy and strong. My tax dollars help pay for roads and bridges, schools and teachers, and all other public services that my business, and my customers, depend on. Big corporations should do the same and pay their fair share for all the services that helped them build their abundant profits.”
Business owners across the country—and political spectrum—overwhelmingly support closing corporate tax loopholes, like ones that allow for inversions, rather than making more cuts. Small business owners in Oregon are calling for the Legislature—and Congress—to close tax loopholes that allow businesses to extract wealth from our communities.
“The problem is not competing with big corporations,” said Deborah Field, co-owner of Paperjam Press. “It’s that those corporations are using loopholes to dodge their U.S. tax responsibility. That leaves us, small businesses and working families, to pick up the tab. If those businesses continue to leech off of our communities, and are unwilling to re-invest in America by paying their fair share, then Congress needs to act. Our tax structure should be refashioned to provide our government the financial means to create the economy-boosting jobs necessary to restore our ailing economy and help small businesses rebuild the middle class.”
The Main Street Alliance is a national network of state-based small business coalitions. MSA and its state affiliates create opportunities for small business owners to speak for themselves on issues that impact their businesses and local economies. www.mainstreetalliance.org
The American Sustainable Business Council and its member organizations represent more than 165,000 businesses nationwide, and more than 300,000 entrepreneurs, executives, managers, and investors. ASBC informs and engages policy makers and the public about the need and opportunities for building a vibrant and sustainable economy. www.asbcouncil.org