Thanks to those of you who participated in NFIB’s recent survey on federal taxes and spending, we now have data that clearly shows just how strongly you feel about the federal government’s need to simplify the tax code, manage its costs and balance its budget. The results of the survey tell a story that Congress must hear.
As you and I know, under current tax law, inconsistent tax preferences and continuous tax code changes hinder your ability to make plans while increasing your costs of compliance. The new survey illustrates those facts and more. We’re wasting no time getting this information into the hands of members of Congress who will make our case to fundamentally revise the outdated tax code.
Those who do not understand free enterprise will soon learn that small-business owners overwhelmingly–85 percent–agree that the code is too complex and needs major revisions. Ninety-one percent reported giving up trying to comply with bewildering IRS directions and instead, were forced to pay professional tax preparers to file their returns.
Virtually no owner we surveyed agreed with the premise that higher taxes should serve as the primary means to reduce the national debt. In fact, 81 percent prefer that there be at least a three-to-one ratio of spending cuts over tax increases to reduce the deficit.
And forget those unwise revenue-raising schemes like a national sales tax or taxes on carbon. You owners by strong margins oppose them.
Not surprisingly, there is strong pessimism on Main Street about Washington’s ability to accomplish meaningful reform. More than half of those surveyed didn’t believe any changes to the code would make it less complex. That’s a clear disconnect between campaign promises and faith in politicians’ commitments.
Nothing less than immediate tax reform is our priority. I urge you to step up your grassroots activities as we gear up to bring more common sense to our nation’s tax code.