Small business owners and community leaders joined together to demand Congress fight for average Americans by extending the middle class tax cuts while making the wealthiest pay their fair share.
“Inaction is putting our country too close to falling off the so-called fiscal cliff,” said Donnie Walters, an organizer with Texas Fair Share. “This could be disastrous for our economy and countless small businesses. Average Texans and small business owners alike want lawmakers to act now.”
The middle class tax cuts reduce taxes on everyone’s first $250,000 among other deductions for working class Americans. 97% of small business owners don’t earn over $250,000 per year and these tax cuts expire on December 31st of this year.
“The Middle Class is what drives the economy and shop at my bakery. By extending middle class tax cuts Middle Class families will spend and buying local stimulates the economy ,” said Mary Rai owner of Astons Bakery.
“Representative Hensarling, don’t be a Grinch this year, extend the tax cuts for the middle class now and make sure the top 3% pay their fair share,” Walters added.
According to the national economic Council, a typical family of four will see their taxes increase by $2,200 if the tax cuts expire. A Congressional Budget office report has detailed further the serious impacts on the American economy if these cuts are not extended. This includes 1.6 million jobs that could be lost and a $200 billion cut to consumer spending.
Art nova owner of Sal Y Pimienta Café stressed the importance of acting now, “Make it fair for everyone. Consumers are the job creators. When people don’t have money the economy comes to a halt.”
