Franchise Industry Looks Forward to Working with Pres. Obama and New Congress to Accelerate Job Creation
FOR IMMEDIATE RELEASE
FRANCHISE INDUSTRY LOOKS FORWARD TO WORKING WITH PRES. OBAMA AND NEW CONGRESS TO ACCELERATE JOB CREATION
Message to Congress: Raising Taxes on Small Business is Wrong Approach
WASHINGTON, Nov. 7, 2012 – Members of the International Franchise Association were key players in promoting the importance of franchise small businesses to the ongoing, sluggish economic recovery as a top issue during the 2012 elections, IFA said today.
Over the past year, IFA worked on behalf of the industry’s 825,000 franchise establishments, which support nearly 18 million workers and generate $2.1 trillion in economic output to educate candidates about franchising and why pro-growth policies, such as comprehensive tax reform, are critical to improving the economic health and stability of the country.
“We congratulate President Obama and the new members of the 113 thCongress and respectfully urge them to create bipartisan solutions to address long-term fundamental fiscal reform, including comprehensive tax reform, reforming entitlement programs and reducing the unsustainable debt. However, raising taxes on small businesses, including franchisees, which create 65 percent of all net new jobs is clearly the wrong approach,” said IFA President & CEO Steve Caldeira.
“Franchise businesses are in every state and congressional district and stand ready to accelerate job creation. While this was a status quo election, the current status quo for small business is unacceptable. With the elections concluded, the current Congress should act immediately to pass a short-term deal that would avert the fiscal cliff by extending all current tax rates until lawmakers in the new Congress can consider a comprehensive overhaul of the tax system. The partisan rancor, negative rhetoric and perpetual gridlock must come to an end so that we can begin to heal this country and get it moving again.”
IFA’s Franchising Votes campaign educated thousands of employees, franchisors, franchisees and industry suppliers about the candidates’ views on the top policy priorities for IFA. In the 2011-12 election cycle, IFA’s political action committee, FranPAC, contributed over $1 million to 128 bi-partisan, pro-franchising, pro-business candidates for House and Senate. Franchise Congress, IFA’s grassroots network, met with hundreds of members of Congress and hosted events with candidates to educate them about franchising and issues important to small business. IFA educated the franchising industry about candidates who support the IFA’s “Franchising = Jobs” agenda through a month-long campaign including telephone town hall meetings, emails, web videos and educational voter toolkits through FranchisingVotes.com.
About the International Franchise Association
The International Franchise Association is the world's oldest and largest organization representing franchising worldwide. Celebrating over 50 years of excellence, education and advocacy, IFA works through its government relations and public policy, media relations and educational programs to protect, enhance and promote franchising. Through its media awareness campaign highlighting the theme, Franchising: Building Local Businesses, One Opportunity at a Time, IFA promotes the economic impact of the more than 825,000 franchise establishments, which support nearly 18 million jobs and $2.1 trillion of economic output for the U.S. economy. IFA members include franchise companies in over 300 different business format categories, individual franchisees and companies that support the industry in marketing, law and business development.