Tennessee Small Business Owners
for Responsible Tax Reform

The Tennessee Small Business Alliance is pushing for tax reform that helps small businesses strengthen our economy and create jobs.

Dear Senator Corker and Alexander:

You have previously talked about how you would oppose any tax plan that raises the deficit or is bad for Tennesseans. Yet, you voted for just that.

Small businesses are our nation’s job creators. Since the Great Recession, small businesses have created nearly two-thirds of private-sector jobs. Common sense reforms to the outdated tax code would be a step in the right direction. Unfortunately, the tax bill passed by Congress largely benefits big corporations and does little to level the playing field for small businesses -- and on top of that, it raises the deficit, something you once opposed.

In the tax bill, corporations get a tax break from 35 to 20 perfect at the expense of small businesses and a growing debt dumped on the backs of future generations. A huge corporate tax cut is at the heart of the GOP’s tax bill, and it’s being paid for by small entrepreneurs.

For instance, corporations will still be able to deduct state and local taxes on their profits but the owners of small pass-through businesses will not. To pay for these massive cuts, the tax bill will eliminate or cap deductions that middle-class small business owners rely on, including for home office expenses, tax preparation, state and local taxes and mortgage interest.

The tax bill does nothing to level the playing field for small businesses. It significantly lowers the corporate tax rate but fails to close many loopholes big businesses use to avoid paying taxes, such as their ability to shift profits overseas in search of lower tax rates.

The tax bill also does little to simplify the code, and actually, makes it more complex for the more than 90 percent of small businesses that organize their firms as pass-through entities. This means owners will continue to sink time and money into complying with a byzantine and bewildering tax code, further tilting the playing field in favor of large corporations that can afford armies of accountants to search out every loophole and advantage.

The tax bill needlessly balloons the deficit. It will increase the deficit by more than $1.5 trillion. A ballooning deficit is bad for business because it drives interest rates higher, discouraging investment and becoming a drag on economic growth. During a time of relative economic strength, unbridled deficit spending—and the risks it poses to the economy—is unneeded and irresponsible.

Senator Alexander, Corker I urge you to lead your colleagues back to the drawing board to create a plan that helps small businesses unleash their economic potential and allows them to compete with their big business counterparts.

Congress should develop a plan thoughtfully and deliberately, based on sound economic policies, rather than quickly pushing something through to win political points. Small businesses need tax reform that works for all of us.

Sign this Letter

Highlights & Updates

Tennessee Small Business Alliance Applauds President Biden’s American Jobs Plan

March 31, 2021

Nashville,TN — Ahead of President Biden’s announcement today of the American Jobs Plan, Tennessee Small Business Alliance Director, Lenda Sherrell, had this to say: “While small businesses are still bearing the brunt of the pandemic the Tennessee Small Business Alliance praises the proposed solutions outlined in President Biden’s American Jobs Plan. The pandemic has shown that working families, supported public schools and…

Polling Locations Are Decreasing While Small Businesses Are Heavily Affected During COVID-19 Outbreak

March 20, 2020

FOR IMMEDIATE RELEASE March 18, 2020 Polling “Supersites” Will Create Social Density And Makes In-Person Voting Harder. Nashville, Tenn — Today, Lenda Sherrell , state director of Tennessee Small Business Alliance, issued the following statement on Voter Precinct Consolidation during the COVID-19 outbreak. “We are in unprecedented times. Many small business owners in Tennessee are…

Gov. Lee Unveils Block Grant Proposal

September 17, 2019

Gov. Lee’s block grant approach is a business model, not what’s best for Tennesseans “Gov. Lee’s Medicaid block grant proposal is clearly a business model. While Lee was a small business owner in the past, he is no longer just a business owner. He is now a public servant who is responsible for the health…

Mueller Confirms The Threats To Our Democracy

July 24, 2019

Our Elected Officials Must Listen And Act Accordingly     Phil Cobucci, Founder and Chief Strategist at BAM! Social Business and TNSBA Board Member, released the following statement in response to former Special Counsel Robert Mueller’s Congressional testimony: “Special Counsel Robert Mueller‘s testimony should remind us, and especially our elected officials, that the threats to…

Gov. Lee, From One Business Owner To Another: “Veto The Voter Registration Bill”

April 29, 2019

Gov. Lee Must Reject this Anti-Democratic Bill That Discourages Voter Participation and Hurts Small Businesses Phil Cobucci, TNSBA Board Member and local small business owner, released the following statement calling on Governor Bill Lee to veto the controversial voter registration bill (Senate Bill 0971 / House Bill 1079). This bill would make it harder for…

TNSBA Joins Chorus Calling on Amazon to Push For a More Inclusive Tennessee

March 29, 2019

The Tennessee Small Business Alliance (TNSBA) stands by organizations such as the Tennessee Equality Project, Human Rights Campaign, Tennessee Thrives, Nashville LGBT Chamber of Commerce, that are working tirelessly at the Capitol to protect the rights of the LGBTQ community. Phil Cobucci, Founder and Chief Strategist at BAM! Social Business and TNSBA Board Member, released…

Small Business Owner on Speaker Casada’s Remarks on Survivors of Sexual Assault

March 4, 2019

NASHVILLE, Tenn. – In response to House Speaker Glen Casada’s advice that survivors of sexual assault should “move” out of town, Nettie Kraft, co-owner of The Barbershop Theater in Nashville, issued the following statement through the Tennessee Small Business Alliance: “As a small business owner, I don’t have the luxury to pick up and move;…

Rep. Blackburn Is Wrong on What Benefits Our Small Businesses

August 22, 2018

In response to Representative Marsha Blackburn’s latest campaign ad, Lenda Sherrell, state director of the Tennessee Small Business Alliance, released the following statement: “The tax law passed by Representative Marsha Blackburn is a giveaway for the rich, not small businesses. Rep. Blackburn’s vote for the law will cost our country more than $1.5 trillion over…

TNSBA member Peter Calvet, owner of Fantasy Flora in Memphis, speaks out on fuel efficiency standards

June 21, 2018

Celebrate, save our nonpartisan planet These fuel efficiency standards have been working, saving us money, reducing our dependence on foreign oil, and cutting pollution that harms the health of our communities.   –Peter Calvet  

Brian Sexton, Founder of Creative’s Day, Calls For Corker and Alexander to Support EPA Standards

February 26, 2018

I lead a support organization for artists who either live in or are moving to Nashville called Creatives’ Day. We connect artists–musicians, writers, visual artists and even chefs–with the things they need to prosper like affordable housing, financial and entrepreneurial tools. In a city like Nashville where 100 people are moving to town each day,…