July 28, 2016
ATLANTA – U.S. Representative Glenn Grothman (R-WI) is hosting a town hall event in Oshkosh, WI to address the challenges facing small businesses and identify the solutions to overcome them. The event takes place on Monday, Aug. 1st at the UW-Oshkosh Alumni Center from 8:30 am to 10:00 am. Alfredo Ortiz, president and CEO of the Job Creators Network (JCN), will present on JCN’s ongoing Bring Small Businesses Back campaign as well as its Employer to Employee (E2E) education program.
The event will focus on finding solutions to the problems most commonly cited by small business owners: over-regulation, over-taxation, and lack of access to capital. A partial solution to one of these problems is Rep. Randy Hultgren’s (R-IL) recently announced Bring Small Businesses Back Tax Reform Act (H.R. 5374), which would reduce the tax burden on the nation’s small business job creators, which make up half of the nation’s jobs and two-thirds of its new jobs.
The proposed legislation would lower the tax rate on pass-through businesses’ first $150,000 worth of income to 10 percent. And it would lower the rate on income between $150,000 and $1 million to 20 percent.
In a nationwide poll of small businesses commissioned by JCN earlier this year, two-thirds of respondents identified over-taxation as preventing their businesses from thriving. As a result of over-taxation, the survey also found that only one in five small business owners plan to hire additional employees over the next year, and only around one-quarter believe that doing business over the next year will be easier than the previous one.
“Rep. Grothman’s town hall is an important step in identifying the problems facing the nation’s small business job creators and proposing solutions to fix them,” said Alfredo Ortiz, president and CEO of the Job Creators Network. “To get the economy working for everyone again, we need more people like Rep. Grothman who is committed to bringing small businesses back.”
Read the full text of the Bring Small Businesses Back Tax Reform Act here. Read the white paper JCN released earlier this year assessing the state of American small businesses here. Find out more information about the campaign at DefendMainStreet.com.
To schedule an interview, contact Andrew Ransom at [email protected] or(916) 258-2396.
The Job Creators Network (JCN) is the voice of real job creators that has been missing from the debate on jobs and our economic crisis. JCN members talk about paychecks, not politics, helping the public and policymakers understand how to create jobs. For more information, please visit www.JobCreatorsNetwork.com.