Make Your Voice Heard
Tell President Obama and liberals in Congress that we do not want to threaten American job creation by hiking taxes.
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Taxing “jet owners” means fewer jobs for American workers
- Obama wants to hike taxes on the American people, including those he claims are “wealthy” or are “doing extraordinarily well.”
- But thanks to our complex and enormous tax code, many people targeted by Obama who report income over $250,000 are small businesses owners who must claim business income on their personal tax returns.
- For small business owners, it is possible to have more than $250,000 in “income” but not have a salary anywhere near $250,000
- Most small business income is invested right back into the business— used for things like buying goods and services and paying employees.
And there are plenty of employees who are impacted by damage to small business
- Small businesses create 2/3 of the jobs in the United States.
- When small businesses have hard times, workers have a hard time finding a job.
- Over 60 percent of all small business profits would be subject to a tax hike if President Obama's plan to tax “jet owners.”
- Up to 3 million small businesses would be affected by President Obama's proposed tax hike.
- Millions of jobs held by small business employees making much less than $250,000 would be threatened, worsening the economic outlook for working families.
Isn’t there a specific “tax-break” for people who do purchase jets?
- President Obama’s own “stimulus bill“—the one he claimed would result in a significant decrease in unemployment—includes a tax break for companies who buy jets.
- But even eliminating this provision would result in an amount about one-tenth of 1 percent of President Obama’s own target for reducing the federal deficit.
- Columnist Charles Krauthammer notes:
“If you collect the corporate jet tax every year for the next 5,000 years, you will cover one year of the debt that Obama has run up. One year.”
