Business coalition opposes Democrats' surtax plan

10/10/2011 | Hill, The

The Tax Relief Coalition, which includes the National Association of Wholesaler-Distributors and other business groups, is opposing a proposed tax increase on high-income taxpayers that would be used to fund President Barack Obama's jobs package. "In sum, the Senate legislation would pay for the president's jobs bill by raising tax rates on hundreds of thousands of business owners, a job killing tax hike to pay for a bill purported to strive for job creation," according to a letter from the coalition to senators. Senate Democrats proposed a 5.6% surtax.

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