Sense of the Senate on the Budget

By July 6, 2011Taxation

Today the Senate is considering a measure known as a “sense of the Senate” that any agreement on raising the debt ceiling also require those making $1 million or more to “make a more meaningful contribution to the deficit reduction effort.” This measure is simply a resolution and has no legislative teeth.

However, any attempt to increase taxes on small business owners would have a direct and negative impact on small and medium-sized manufacturers.

More than 70 percent of small and-medium sized manufacturers file at the individual rate and would be directly impacted by such a tax increase which would hurt their ability to create jobs and grow.  Manufacturers have been leading the economic recovery and now is not the time to increase taxes on job creators. 

Dorothy Coleman is vice president for tax and domestic economic policy, National Association of Manufacturers.

Dorothy Coleman

Dorothy Coleman

Dorothy Coleman is vice president of tax and domestic economic policy at the National Association of Manufacturers (NAM). Ms. Coleman is responsible for providing NAM members with important information related to tax issues and representing the NAM’s position to Congress, the Administration and the media. An NAM spokesperson for tax policy issues, she coordinates membership coalitions; prepares testimony, reports and analyses; and responds to media inquiries. Before taking over as vice president of the tax policy department, she served as director of tax policy from April 1998 to April 2000.
Dorothy Coleman

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