Small Business and Fundamental Tax Law Reform: Hearing Before the Committee on Small Business, United States Senate, One Hundred Fifth Congress, First Session, October 22, 1997, Volume 4 |
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Page 59 - The Small Business Legislative Council (SBLC) is a permanent, independent coalition of nearly one hundred trade and professional associations that share a common commitment to the future of small business. Our members represent the interests of small businesses in such diverse economic sectors as manufacturing, retailing, distribution, professional and technical services, construction, transportation, tourism, and agriculture.
Page 8 - NFIB's membership mirrors the nation's industry breakdown with a majority of its members in the service and retail sectors. I want to thank you Mr. Chairman and the Committee for having me here today to discuss one of the most frustrating and aggravating problems facing small business owners today — government regulation, paperwork, and red tape.
Page 15 - And I look forward to answering any questions you may have. Thank you. [The prepared statement of Kathleen Q.
Page 31 - United (NSBU) is the oldest trade association exclusively representing small businesses in this country — for over 50 years now. NSBU is a volunteer-driven association of small businesses from across the country, founded from a merger of the National Small Business Association and Small Business United.
Page 34 - Taxing businesses for hiring an employee clearly discourages increased employment, which is damaging to the unemployed, business, and the economy. But, beyond the obvious economic problems associated with payroll taxes, there are also problems with fairness. Most small businesses are much more labor intensive than their larger counterparts. Payroll taxes cause these small businesses to be taxed at a higher effective rale than the larger, more capital-intensive firms.
Page 66 - The NASE represents over 320,000 small business persons from throughout the United States. Over 85 percent of the NASE members are business owners with 5 or fewer employees. The membership is involved with a very wide range of businesses, notably in the consulting and retail fields. The home office deduction is extremely important to the NASE.
Page 86 - STATEMENT OF HON. CONRAD BURNS, US SENATOR FROM MONTANA Senator BURNS. Thank you, Mr. Chairman. And thank you for holding this hearing.
Page 35 - ... firms. And payroll taxes must be paid whether a business is making a profit or not. NSBU has consistently opposed increases in payroll taxes. This burdensome tax now constitutes more than one third of all federal revenue collections. From 1970 to 1990, business received nine social security (FICA) tax increases totaling 60%, three unemployment (FUTA) increases totaling 94%, three FUTA base increases totaling 133%, and 19 FICA base increases totaling 677%. With that kind of burden falling disproportionately...
Page 23 - STATEMENT OF THE AMERICAN FARM BUREAU FEDERATION TO THE SENATE COMMITTEE ON LABOR AND HUMAN RESOURCES REGARDING S.
Page 24 - Economically Destructive: Steeply graduated tax rates on both labor and capital destroy jobs, penalize saving and investment, and punish personal efforts to get ahead through hard work. ■ Impossibly Complex: The mind-boggling complexity of the current tax code imposes an unacceptable burden on taxpayers and a huge cost on the economy. ■ Overly Intrusive: The vast enforcement powers conferred on the IRS are increasingly seen as infringements of privacy and personal freedom. But...