Kevin Fischer is a veteran broadcaster, the recipient of over 150 major journalism awards from the Milwaukee Press Club, the Wisconsin Associated Press, the Northwest Broadcast News Association, the Wisconsin Bar Association, and others. He has been seen and heard on Milwaukee TV and radio stations for over three decades. A longtime aide to state Senate Republicans in the Wisconsin Legislature, Kevin can be seen offering his views on the news on the public affairs program, "InterCHANGE," on Milwaukee Public Television Channel 10, and heard filling in on Newstalk 1130 WISN. He lives with his wife, Jennifer, and their lovely young daughter, Kyla Audrey, in Franklin.
Deficit Reduction Can’t Include Tax Hikes
Stop the Latest Attack on Job Creation
Trying to “solve” America’s deficit crisis on the backs of America’s job creators isn’t a real solution at all.
On the contrary, it’s a real threat to businesses, large and small, that are already struggling to recover from the economic downturn.
Unfortunately, some of the politicians involved in deficit negotiations have put a number of dangerous business tax hikes on the table -- tax hikes that would cost jobs by forcing American employers to shut their doors.
One of these proposed tax hikes is repeal of the “Last In, First Out” (LIFO) accounting method that would raise taxes on 36% of all American businesses
Our employers, employees and economy can’t afford this: please email your members of Congress today to urge them to oppose tax hikes on American employers.
LIFO isn’t a so-called “loophole,” as some politicians would have you believe. It is an established accounting method of calculating inventory that has been part of the U.S. tax code for more than 80 years.
It’s used by American businesses, large and small -- from manufacturers in the Midwest to small retailers in Tacoma; from the corner grocery store in Brooklyn to a distributor in New Mexico. Raising taxes on these employers could force many of them out of business.
At a time when the country is dependent on the private sector for recovery, penalizing businesses and forcing them to redo their business model is the direct opposite of what our economy needs.
Repeal is being pushed by the White House and a number of members of Congress as part of the debt ceiling debate and must be dropped from negotiations now. Call the White House Hotline and send a letter to your members of Congress now.
Retroactively taxing businesses for following the law is both a fundamentally flawed solution to offsetting our deficit crisis and one of the most egregious attacks on business to date.
Thank you for taking action today.
Senior Vice President and National Political Director
U.S. Chamber of Commerce