Business Leaders Endorse Rebuild America Act to Support Small Business and Create Jobs

For Immediate Release: 
July 18, 2012

WASHINGTON—Today, business leaders endorsed the Rebuild America Act, legislation introduced by Senator Tom Harkin (D-IA). The American Sustainable Business Council (ASBC) says that the bill would support all businesses in the nation by investing in short-term as well as long-term job creation and ending un-earned subsidies and tax breaks for special interests.

“The best way to grow jobs is to ensure that there is strong demand for products and services,” noted Richard Eidlin, Director of Public Policy and Business Engagement for ASBC. “From a business perspective, investing in education, workforce training, public infrastructure and social safety nets are no-brainers—especially when paid for by removing unnecessary tax subsidies and loopholes.”

 “My business needs the recovery that apparently has been in effect for global companies for some time,” said ASBC member Grace Crowley, president of Re-marks Puzzles & Games, a Seattle-based company manufacturing in the USA. “Putting more money in my customers’ pockets, investing in economic opportunity for members of my community, and leveling the playing field for small, responsible businesses must continue.” Designing products for companies like Barnes & Noble and Target, Re-marks actually added jobs in June, and Crowley plans to add more in Q4 if an economic expansion occurs.

“The Rebuild America Act takes a bottom-up approach to rebuilding the middle class, which is the foundation of our economy,” said Harkin, who is Chairman of the Senate Health, Education, Labor and Pensions Committee. “By leveling the playing field for small businesses like the members of the American Sustainable Business Council to compete and strengthening the American middle class, we can bolster our economic recovery and secure a bright future for our country in the global marketplace.”

The Rebuild America Act contains more than a dozen initiatives designed to boost job creation and economic opportunity. These are paid for by ending tax loopholes and subsidies to the wealthy, leveling the playing field so that U.S. multinationals don’t have tax advantages not open to local Main Street businesses, and adding new taxes that would reduce the public cost of financial speculation.

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The American Sustainable Business Council and its member organizations represent more than 150,000 businesses nationwide, and more than 300,000 entrepreneurs, executives, managers, and investors. The council includes chambers of commerce, trade associations, and groups representing small business, investors, microenterprise, social enterprise, green and sustainable business, local living economy, and women and minority business leaders. ASBC informs and engages policy makers and the public about the need and opportunities for building a vibrant and sustainable economy.  www.asbcouncil.org

A short description of the bill

Full text of the bill

 

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