Oct. 6, 2004: Presidential Candidates Urged To Maintain Small Business Tax Relief
WASHINGTON - In an open letter to President George W. Bush and U.S. Senator John F. Kerry, the Small Business Survival Committee (SBSC) joined several other small business organizations to urge the presidential candidates to help small businesses continue to grow and create jobs by not raising taxes on any small business taxpayers, and agree that small business taxpayers should not have to pay tax rates higher than those paid by big corporations. The open letter has been delivered to both campaigns.
"Tax relief and incentives passed by the U.S. Congress certainly helped many small firms survive the recession and post 9-11 period. These important relief measures have been long sought after by the small business community. Efforts to increase the individual tax rate or roll back increases in Section 179 expensing would raise taxes on small businesses, slowing job creation and stifling innovation," wrote the signatories of the letter.