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John Arensmeyer

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Bike shop owner hopes tax credits will put money in employees' pockets

John Crandall

John Crandall
Old Town Bike Shop
Colorado Springs, CO

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Press statement

For Immediate Release: 12.19.2012

Small Business Owners Join their Representatives at Press Events Across the Country to Discuss “Fiscal Cliff” During Height of Holiday Shopping Season

WASHINGTON, DC—This week, small business owners from across the country are joining their Congressional representatives at press events to air their concern over the looming “fiscal cliff” and urge lawmakers to find a solution that will keep cash registers jingling this holiday season.

Small business owners are being joined by Small Business Majority and lawmakers from Florida to California in nine tele-press conference calls to discuss small business concern over the “fiscal cliff,” its impact on consumer spending, and how employers feel about tax cuts set to expire at the end of the year both for the middle class and high-income earners.

“The longer that lawmakers take to find a solution to the fiscal cliff situation, the more uncertainty it causes for my business and for my customers,” said Shaundell Newsome, owner of Sumnu Marketing in Las Vegas, Nev. “It’s pretty clear some lawmakers are holding out on making a deal in an attempt to extend tax cuts for the wealthiest. That’s the exact opposite of what we need right now. Much more important are cuts for the middle class—that’s the engine that fuels our economy and my business.”

According to recent polling released by Small Business Majority, small businesses want tax cuts for the middle class extended to help boost spending power, but believe allowing tax cuts for the wealthiest 2 percent to expire is the right thing to do in light of our current budget crisis.

“In the eyes of entrepreneurs, preserving the middle class tax cuts is crucial because of the role middle class Americans play in the success of our economy and small businesses. These cuts, along with a number of other tax provisions scheduled to lapse at the same time, put money into the pockets of middle class consumers. That drives demand for small businesses' goods and services more than anything else. Customers with less disposable income equals less demand for small businesses' goods and services, meaning their bottom lines suffer,” said Small Business Majority Founder & CEO John Arensmeyer.

With the holiday shopping season in high gear, small businesses are becoming increasingly concerned about how going over the fiscal cliff could affect their businesses and the buying power of the middle class—a category virtually all their customers and 97 percent of small business owners fall into.

Visit Small Business Majority’s website to view the list of events: http://www.smallbusinessmajority.org/blog/days-of-action/


About Small Business Majority
Small Business Majority is a national small business advocacy organization, founded and run by small business owners to focus on solving the biggest problems facing America's 28 million small businesses today. Since 2005, we have actively engaged small business owners and policymakers in support of public policy solutions, and have delivered information and resources to entrepreneurs that promote small business growth and drive a strong, sustainable economy. We are a team of 37 working from our 14 offices in Washington, D.C. and 12 states, with a network of more than 40,000 small business owners and more than 2,000 business organizations, along with a formal strategic partnership program of more than 125 business organizations, enabling us to reach more than 500,000 entrepreneurs. Our extensive scientific polling, focus groups and economic research help us educate and inform policymakers, the media and other stakeholders about issues including taxes, healthcare, access to capital, entrepreneurship, workforce development, clean energy and immigration. Learn more about us on our website and follow us on Twitter, Facebook and Instagram.


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