President̢??‰?s Remarks on Closing Tax Loopholes in Sequestration in Line With Small Business Owners̢??‰? Opinions

The president̢??‰?s remarks today echo what small businesses have been telling lawmakers for more than a year̢??‰۝close tax loopholes giving big corporations an unfair advantage. This would help reduce the deficit and stave off deep spending cuts that could wreak havoc on the economy, another worry for small business owners. According to opinion polling Small Business Majority released last year, 92 percent of small businesses agree big corporations' use of tax loopholes is a problem and three-quarters said their business is harmed when corporations use loopholes to avoid taxes.

While small business owners want tax loopholes closed, they don̢??‰?t simply want a short-term solution to our deficit problem. National opinion polling we released last month found the majority of small business owners desire a long-term solution to our deficit, and believe we cannot continue allowing politicians to hold the economy hostage to their particular spending priorities. Short-term solutions only lead to more uncertainty for small businesses. They want lawmakers to put the debt issue to rest so they can focus on governing and encouraging job creation. Moreover, Small Business Majority's polling found that while small business owners believe reducing the deficit is needed, the majority agree the most important job for Congress and the president in 2013 is to create jobs.

As the sequester looms, small employers are looking to lawmakers for long-term solutions that protect our economy, create the certainty businesses need to plan for the future and level the economic playing field so they can compete in this tough environment.