Teams of firms kind a coalition to oppose all tax hike proposals from the Democrats

Recruiters looking to fill positions at O’Hare International Airport meet with candidates during an airport job fair on May 19, 2021 in Chicago, Illinois.

Scott Olson | Getty Images

More than two dozen groups representing US corporations and employers unveiled a new coalition Tuesday to fight virtually all Democratic plans to levy taxes on self-described “job-makers”.

The coalition of 28 industry groups that have shut up arms under the name “America’s Jobs For A Strong Recovery” argues that rising taxes on corporations and other businesses will hamper the US economy in the wake of the coronavirus pandemic.

The alliance is being created in direct opposition to President Joe Biden’s administration, which is pushing Congress to spend trillions of dollars on infrastructure spending and a host of other projects, paid in large part by raising interest rates for businesses and the richest Americans.

The organizers told CNBC that the new coalition has already started investigating its efforts to combat news at the national level. But it has a particularly keen eye on Arizona, a competitive purple state with two moderate Democratic senators, Mark Kelly and Kyrsten Sinema, organizers said.

The coalition wants to steer the tale away from a debate about taxing the rich and the biggest corporations to pay for roads and bridges. The organizers themselves acknowledge that this rhetorical battlefield speaks strongly in favor of the Democrats in public opinion polls.

However, Biden’s previously popular infrastructure plan will lose support if the focus shifts to high public spending and the taxes he is proposing on so-called job creators, according to the organizers.

“The record tax hikes the Democrats are trying to pull through couldn’t come at a worse time for America’s job makers just recovering from a debilitating pandemic,” said Eric Hoplin, president and CEO of the National Association of Wholesaler Distributors, who said the new coalition leads.

“Employers support a smart infrastructure to ensure America’s competitiveness in the 21st century. It shouldn’t be used as a Trojan horse to collect record taxes on America’s sole proprietorship and family businesses,” said Hoplin.

“The pandemic has taxed individual and family businesses enough – taxing them again while they are still struggling to recover is just going too far,” said Chris Smith, executive director of another group called the Main Street Employers Coalition.

“These tax hikes would put the recovery path at such risk. That’s why we need to make sure the voice of Main Street is heard loud and clear with the people and places that matter most,” said Smith.

The coalition has not yet shared its fundraising goals, but plans to target numerous key states led by moderate democratic lawmakers, the organizers said.

These are the founding members of the coalition:

  • American Frozen Foods Institute (AFFI)
  • American Hotel and Lodging Association
  • American Rental Association
  • Associated builders and contractors
  • Association for hose and accessory distribution (NAHAD)
  • Auto Care Association
  • Association of the brick industry
  • Association of Ceramic Tile Dealers
  • Association of Foodservice Equipment Distributors (FEDA)
  • International distributors for heating, air conditioning and refrigeration (HARDI)
  • Independent Insurance Agents and Brokers of America
  • Independent electricians (IEC)
  • International Foodservice Distributors Association
  • International franchise association
  • Main Street Employers Coalition
  • Association of Distributors of Material Handling Equipment (MHEDA)
  • National association of electrical distributors
  • National Association of Sporting Goods Wholesalers
  • National Association of Wholesalers
  • National Grocers Association
  • National association for ready-mixed concrete
  • Association of Security Hardware Dealers
  • S-Corp Association
  • Textile Care Allied Trades Association
  • Truck rental and leasing association
  • WASDA – Water and Sewer Distribution of America
  • Wholesale Florist & Florist Supplier Association
  • Wine and Liquor Wholesaler of America

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button