WASHINGTON, D.C. (July 30, 2013) — The National Federation of Independent Business (NFIB) is taking President Obama to task for ignoring the concerns of small business owners in the corporate tax reform proposals he made public today.
"Once again President Obama has made a major policy speech without offering anything of substance to the real engine of the U.S. economy — small business," said NFIB President and CEO Dan Danner, referring to Mr. Obama's economics policy speech delivered today at an Amazon.com distribution center in Chattanooga, Tenn.
"A corporate-only approach to tax reform will ensure that small business shoulders a much greater tax burden than mega-corporations that have been gaming the system for years."
Claiming that more than three-fourths of all small businesses in the U.S. are taxed at the individual rate, Mr. Danner said the president's plan focuses only on corporate reform, which will "disadvantage the innovators, the job creators and the leading pillars of local communities.