PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

A “Trigger” Takes the Growth Out of Pro-Growth Tax Reform

By at 29 November, 2017, 9:22 am

NEWS

Washington. D.C. – Small Business & Entrepreneurship Council (SBE Council) president & CEO Karen Kerrigan issued the following statement on the so-called “trigger” provision being considered as part of the Senate tax package, which would automatically increase taxes in the future if a certain level of economic growth is not achieved:

“Yes, it’s an impractical idea. It’s an awful idea.  A ‘trigger’ takes the growth out of pro-growth tax reform. Entrepreneurs want predictability along with reforms that promote investment and sustainable economic growth. The threat of a trigger will harm investment in small businesses and startups and reboot the uncertain economic and policy environment that we are working furiously to get out of.  A trigger undermines many of the reasons for doing tax reform in the first place, which is to make our tax system more competitive and spur strong investment and economic growth. Can we just move on with positive, pro-growth tax reform and ditch the trigger idea?”

CONTACT:  Karen Kerrigan, kkerrigan@sbecouncil.org

Raymond Keating, Chief Economist, rkeating@sbecouncil.org

SBE Council is a nonpartisan, nonprofit advocacy, research and education organization that works to protect small business and promote entrepreneurship. For nearly 25 years SBE Council has worked to successfully implement a range of policy and private sector initiatives to strengthen the ecosystem for startups and small business growth. To learn more, visit SBE Council’s website: www.sbecouncil.org. Follow on Twitter: @SBECouncil

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