Business for Shared Prosperity sends this:
We wanted to share some comments Business for Shared Prosperity members made regarding the President’s call last night to end millionaire tax breaks and stop rewarding companies that move jobs and profits abroad. We encourage you to get your views out through Letters to the Editor, for example, and welcome copies/links to them if you do. Of course, we’re always happy to help. You can find more information and petitions on corporate and individual taxes at our website as well as our latest press release. We look forward to working with more of you who are interested in talking to the media or policy makers in the weeks ahead. And we’ll be in touch soon about new initiatives for 2012.
“As a successful corporate executive, I recognize that our tax code is unfair and replete with tax shelters and loopholes favoring the wealthy,” said Jack Kintslinger, chairman emeritus of the Maryland-based engineering and construction firm, KCI. “Most wealthy business executives I know are prepared to contribute more in taxes if the additional revenues are spent wisely. They know that they can spare paying higher taxes and that the nation desperately needs more revenue for essential services.”
“It’s ridiculous to think that low taxes for wealthy individuals like Mitt Romney and me will help create jobs,” said Paul Egerman, co-founder and former CEO of eScription. “It certainly hasn’t worked that way for the past 10 years. The real job creators in our society are middle-class consumers. Jobs are created when consumers purchase cars, for example. Jobs are not created when investors squirrel away money in the Cayman Islands. Those of us who are wealthy investors will benefit when middle-class consumers are economically secure and can afford products and services. And we have an obligation to pay forward, so that the next kid will have the same opportunities that we had.”
“I have been prosperously involved in small business for most of my 45-year working life and have never made a decision based on the marginal rate of my taxes,” said David A. Brown, co-founder of the California-based real estate development firm Reynolds & Brown. “I don’t know any businessperson who uses that as an investment criteria. The rate should be raised on the higher brackets to help fund all of the beneficial services only the government can provide. Both the expense and the revenue side of the government ledger need to be modified.”
“It’s wrong for millionaires to pay less than middle-class Americans and wrong for multinational corporations to pay less than small businesses,” said Scott Klinger, tax policy director of Business for Shared Prosperity. “The reality is that the corporate tax share of federal receipts has fallen from 32% in 1952 to just 9% now and income tax revenue as a share of GDP is at the lowest level since 1951. If we want an economy with 21st Century infrastructure, jobs, education, research and economic development, we have to pay for it.”
“I welcome the President’s effort to have wealthier Americans pay higher taxes,” said Mark McLeod, executive director of the Sustainable Business Alliance of Oakland/Berkeley and steering committee member of the American Sustainable Business Council. “The last time in our nation’s history when there was such extreme disparity between the income and wealth of the 1% and the 99% was in 1928, just prior to the beginning of the Great Depression. That such wealth concentrated in the hands of a tiny minority of the population is not taxed more highly is both obscene and self-destructive. Our nation needs more revenue to invest in education, healthcare, renewable energy and other infrastructure in order to succeed in the very tough world we live in.”
For more information contact Bob Keener at 617-610-6766 or email@example.com.