U.S. Chamber Calls for Small Business Tax Stimulus to Help Jump Start Economy

WASHINGTON, D.C. – The United States Chamber of Commerce today called for several tax stimulus measures for small businesses to help jump-start the economy in testimony before the House Small Business Committee.

"We must send a clear signal that the federal government is doing everything within its power to provide relief, recovery and future economic stability," said Giovanni Coratolo, Chamber director of small business policy. "Given the proper tools and incentives, entrepreneurs will be an important factor in revitalizing our nation's economy."

The Chamber specifically called on Congress to accelerate the marginal rate cuts that were recently enacted, accelerate cost recovery for business expenditures for equipment, enact investment tax credits, and repeal the Alternative Minimum Tax, which unfairly penalizes businesses that invest heavily in plant, machinery, equipment and other assets.

The Chamber also called on Congress to ensure investment in our nation's transportation infrastructure, to pass Trade Promotion Authority, and to provide capital assistance to small businesses as important components of economic recovery.

"A secure and reliable infrastructure, an aggressive monetary policy, tax cuts, trade promotion and capital assistance and recovery will all help small businesses do their bit in spearheading our future economic prosperity," concluded Coratolo.

The U.S. Chamber of Commerce is the world's largest business federation representing more than three million businesses and organizations of every size, sector and region.

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