Letters

­
12September, 2012

On America’s Impending Fiscal Cliff

Tags: |

Multi-Industry Letter to President Obama, Members of Congress: "The undersigned organizations call on Congress and the President to immediately enact legislation that averts America’s impending fiscal cliff. Failure to address the automatic tax increases and spending cuts would reduce economic growth and could jeopardize economic recovery. It is not responsible to wait until the end of the year to take action. The time to act is now. We urge you to be mindful of the absolute necessity of addressing the long-term fiscal imbalance through comprehensive tax reform and fundamental entitlement reform, but think it is imperative that action be taken now to avert a potential crisis.

Failure to act on the looming year-end tax increases would yield the largest tax increases in American history coupled with draconian, ill-designed, across-the-board discretionary spending cuts. Economists from across the political spectrum warn that such tax increases and spending cuts would have a devastating effect on a still sputtering U.S. economy, quite possibly returning it to recession."

7March, 2012

On support for “The JOBS (Jumpstart Our Business Startups) Act”

Tags: |

Forum Letter to House Speaker John Boehner: "We write today to express our support for 'The JOBS (Jumpstart Our Business Startups) Act" and thank you for your leadership on the critical issue of job creation. The legislation will help small businesses and startups raise capital, spur growth, and create jobs for America.

We additionally are pleased to see that the Administration has supported "The JOBS Act." With this bipartisan support, we recommend quick Senate action on the measure so that i t will rapidly help the business community accelerate hiring and aid business growth."

30November, 2011

On support for S. 1831, “The Access to Capital Job Creators Act.”

Tags: |

Forum Letter to Senate Banking Committee Leadership: "We write today to express our support for the pending bill sponsored by Senator John Thune S. 1831, the Access to Capital Job Creators Act.

An often-repeated truism of the U.S. economy is that small businesses -generally defined as those with fewer than 500 employees - account for about 70 percent of net new job creation. But recent research has shown that, in fact, new businesses are the U.S. economy's true engine of job creation. Businesses less than a year old contribute an average of 3 million new jobs each year. To be sure, existing small businesses and larger firms are important, too. But if the policy target is job creation, new business formation is the bull's-eye."

30November, 2011

On Support for S. 1791, “the Democratizing Access to Capital Act”

Tags: |

Forum Letter to Senate Banking Committee Leadership: "We write today to express our support for the pending bill sponsored by Senator John Thune S. 1831, the Access to Capital Job Creators Act.

An often-repeated truism of the U.S. economy is that small businesses -generally defined as those with fewer than 500 employees - account for about 70 percent of net new job creation. But recent research has shown that, in fact, new businesses are the U.S. economy's true engine of job creation. Businesses less than a year old contribute an average of 3 million new jobs each year. To be sure, existing small businesses and larger firms are important, too. But if the policy target is job creation, new business formation is the bull's-eye."

30November, 2011

On support for S. 1824, “the Private Company Flexibility and Growth Act”

Tags: |

Forum Letter to Senate Banking Committee Leadership: "We write today to express our support for the pending bill sponsored by Senators Pat Toomey and Tom Carper S. 1824, 'the Private Company Flexibility and Growth Act.'

An often-repeated truism of the U.S. economy is that small businesses - generally defined as those with fewer than 500 employees - account for about 70 percent of net new job creation. But recent research has shown that, in fact, new businesses are the U.S. economy's true engine of job creation. Businesses less than a year old contribute an average of 3 million new jobs each year. To be sure, existing small businesses and larger finns are important, too. But if the policy target is job creation, new business formation is the bull 's-eye."

30November, 2011

On request for extension of deadline for comments on proposed regulations under Volcker Rule

Tags: |

Joint Trade Letter to Federal Reserve Board, FDIC, OCC and SEC: "The undersigned trade associations1 respectfully request that the Agencies extend the deadline for comments on their proposed regulations under the Volcker Rule. Our members are deeply concerned about the potential impact of the proposal on capital formation, markets and liquidity for a range of asset classes and on the safety and soundness of banking entities and the businesses in which they engage, especially in light of current market conditions and the state of the US and EU economies. The fact that more than 1400 questions have been asked by the Agencies in the proposal signal that, despite the Agencies’ conscientious and thoughtful efforts in composing the proposal, many key issues remain unsettled. Our members are devoting significant time to understanding the proposal, including its global impact, actively discussing the proposal and working together to generate thoughtful comments. Where our members believe that an element of the proposal can be improved while keeping within the intent and policy of the statutory text of the Volcker Rule, they have been working together to craft appropriate suggestions for the Agencies."