AIA coalition to Congress: Protect small businesses from more taxes

Submitted by digital on Mon, 04/04/2016 - 12:00
AIA and allies launch a coalition to ensure tax fairness for small firms
{"version":"0.3.0","atoms":[],"cards":[],"markups":[["a",["href","http:\/\/\/","target","_new"]],["em"]],"sections":[[1,"p",[[0,[],0,"AIA is pressing Congress to act on a comprehensive federal tax overhaul that treats small businesses fairly, joining forces with a steering committee of a coalition of business groups and trade associations advocating for tax parity."]]],[1,"p",[[0,[],0,"AIA endorsed the position spelled out in a letter circulated last week by a steering committee of"],[0,[0],1," The Parity for Main Street Employers (PMSE)"],[0,[],0," that represents a coalition of more than 100 businesses and trade groups calling for equitable comprehensive tax reform. "]]],[1,"blockquote",[[0,[1],1,"\u0022Almost 80 percent of AIA members are small businesses.\u0022 "],[0,[],0,"Russ Davidson, FAIA"]]],[1,"p",[[0,[],0,"The committee is working to ensure that so-called pass-through entities do not face unfair tax burdens as part of any future federal tax overhaul. Such businesses are structured not pay income taxes at the corporate level and instead pay income taxes based on their portion of corporate income."]]],[1,"p",[[0,[],0,"\u201cAlmost 80 percent of AIA members are small businesses. Any attempt to reform the tax code must protect such small businesses and restore rate parity between corporations and so-called pass-through businesses that contribute more than 50 percent of business income to America\u2019s economy,\u201d said AIA President Russ Davidson, FAIA, after the new group outlined its position. \u201cAIA is proud to be a part of the PMSE as well as serve on its steering committee.\u201d"]]],[1,"p",[[0,[],0,"Like the AIA, PMSE represents a significant number of small businesses organized as pass-through entities. "]]],[1,"p",[[0,[],0,"The steering committee\u2019s mission statement centered on three principles it wants any tax overhaul effort to incorporate. It states, Congress should enact tax reform that is:"]]],[3,"ul",[[[0,[],0,"comprehensive"]],[[0,[],0,"restores tax rate parity for all businesses"]],[[0,[],0,"reduces or eliminates the double tax imposed on corporations"]]]],[1,"p",[[0,[],0,"The steering committee is made up of nine national trade groups: the American Institute of Architects, American Council of Engineering Companies, American Builders and Contractors, Associated General Contractors of America, Independent Community Bankers of America, National Beer Wholesalers Association, National Roofing Contractors Association, S Corporation Association and National Association of Wholesalers."]]]]}
The AIA and its allies launch a new coalition to lobby Congress to protect small firms from unfair changes in the tax code.
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