Gingrich, small biz to launch major tax cut campaign
U.S. small-business owners are launching a nationwide blitz with former House Speaker Newt Gingrich to pressure Congress to pivot to tax relief after a frustrating summer of healthcare gridlock.
The group is armed with a survey showing that small-business owners want tax relief more urgently than a repeal of ObamaCare, so that they can reinvest in their companies or pay down debt.
A lobbying coalition led by the bipartisan small business group Job Creators Network (JCN) and more conservative groups like FreedomWorks and the American Legislative Exchange Council (ALEC) is planning to barnstorm the country in August to pitch lawmakers at summer town halls and to create a media echo chamber in key congressional districts.
Their goal is to force a pivot from healthcare legislation and to narrow ambitions from the complete tax code overhaul that has been favored by Speaker Paul Ryan (R-Wis.).
A centerpiece of Ryan’s effort is a controversial border-adjustment tax that would impose a tax on imported goods while exempting products manufactured in the United States. The tax is intended to spur U.S. manufacturing growth, but has divided Republicans while encountering opposition from powerful business interests, including U.S. retailers.
http://thehill.com/policy/finance/343389-gingrich-small-biz-to-launch-major-tax-cut-campaign
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