Washington, D.C. (March 22, 2021)—Today, the Job Creators Network (JCN)—a national small business advocacy organization—erected a billboard in the heart of Times Square calling out President Biden for tax increases that are being prepared by his administration. Among potential changes, Biden is reportedly considering eliminating the 20 percent small business standard deduction and raising the tax rate paid by pass-through entities—many of which are small businesses.
The billboard reads, “Biden wants to raise taxes on small businesses?” and continues, “HELL NO! NOT ON OUR WATCH!” The adjoining side of the ad says “WTF?!” and directs readers to JobLossJoe.com—a website dedicated to tracking the number of jobs Biden policies have put at risk. The billboard will be up for three weeks and is part of JCN’s Bring Small Businesses Back campaign—a multi-million dollar effort to educate the public and lawmakers about the consequences Biden administration policies will have on Main Street.
Alfredo Ortiz, JCN President and CEO, released the following statement:
“Small businesses are already at the end of their rope because of the pandemic-induced shutdowns. Hiking taxes on America’s entrepreneurs would be a bad policy at any time, but should be unthinkable now. As chronicled at JobLossJoe.com, the Biden administration has already put millions of jobs at risk. Strapping the small business community—which is typically responsible for two-thirds of all new job creation—with more tax liabilities will throttle economic opportunity further and weaken recovery prospects. To that I say, WTF Biden?!”