Statement by IFA President and CEO Regarding Passage of the Middle Class Tax Relief and Job Creation Act of 2012

For immediate release

Contact:
Alisa Harrison, 202-628-8000
Matthew Haller, 202-662-0770

aharrison@franchise.org

mhaller@franchise.org

twitter.com/franchising411

“The International Franchise Association applauds Congress and the President for working together to pass an economic package that will send some short-term tax certainty through 2012 to the Nation’s small business owners. While passing the payroll tax extension is important, the new law does not address the more pressing need for comprehensive tax reform at both the corporate and individual levels, which unlike the payroll tax extension, would not contribute to the mounting federal debt, but rather enable consumer confidence, spending, job creation and the economic growth our country so urgently needs.

“IFA will continue to diligently press Congress and the Administration for the need to implement comprehensive tax reform that lowers both corporate and individual rates. The franchise industry, which is comprised of 825,000 franchise establishments and supports nearly 18 million jobs, looks forward to working with Members of Congress and the Administration in developing pro-growth policies, including comprehensive tax reform that will create jobs and help speed up the economic recovery.”

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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.