Chip Cravaack's Statement On NFIB Endorsement
nnesota.org/wp-content/uploads/2010/07/cravaack-logo-506×187.png” alt=”" width=”506″ height=”187″ />
Chip Cravaack, endorsed Republican candidate for Minnesota’s 8th Congressional District, issued the following statement at a press conference this morning announcing the National Federation of Independent Business’s endorsement of his campaign:
“First, I’d like to thank the NFIB for their support. I am truly honored to be endorsed by such a fantastic organization that represents so many of our entrepreneurs and small business owners in the 8th district.
We all know that small businesses are the backbone of this economy, they employ almost 70% of Minnesotans. In 2009, small businesses created 65% of new net jobs, which means that, thanks in part to organizations like NFIB, small business owners, like those standing behind me, they have been working hard at keeping Minnesotans working.
Small businesses are the key to this recovery, but Congress continues to pile on costly regulations that keep businesses from expanding and buy cialis creating jobs. When unemployment is near 10%, the last thing we need is new job-killing regulations, which is exactly what Congress has been doing.
In addition, on January 1st, we are going to experience the largest tax hike in American history, a $3.9 trillion tax increase is going to hit, and it is going to hit hard.
This worries business owners for two reasons. First, many of them report their business income as personal income, so many of our local business owners, our neighbors, the ones who support our local baseball teams and schools will bear the brunt of the new taxes and will have less money to reinvest into their companies which create employment opportunities within our communities. Second, that’s $3.9 trillion that will no longer be in our pockets to spend.
With $3.9 trillion hanging over their heads, is it any wonder why small business owners are reluctant to expand and hire new employees?
Congress had the opportunity yesterday to vote to stop these insane tax hikes, but they didn’t. They voted to adjourn and left small business owners and Americans hanging. They failed to complete their mission.
Congress needs to start listening to the small businesses owners who provide the foundation of our economy and the majority of our employment in our towns and locations throughout the 8th district.
In order for our state and country to grow and prosper, we need to stop over-taxing, over-regulating and let these business owners do what they do they do best, be the employment engine of our country.”
