<p><strong>Arlington, VA</strong><hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">The National Grocers Association (NGA) President and CEO, Peter Larkin, recently released a statement regarding President Obama’s recent tax plan for small businesses. According to the press release, Mr. Larkin is dissatisfied with the plan, and goes on to describe the complications it can create.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">“By allowing tax rates to increase for joint filers with income above $250,000, thousands of pass-through entities will be forced to divert capital to pay Uncle Sam's tax bill instead of growing their businesses and creating jobs,” says Mr. Larkin. Later in the release, he hilighted the dangers it poses for the industry and the National Grocers Association. "Independent retail grocers and wholesalers have continued to innovate and invest in their local communities by opening new stores, renovating existing stores, and hiring workers. Over 50 percent of NGA's members operate as a pass-through entity so the impact of a tax hike on these entrepreneurs will be significant.”<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href="http://www.nationalgrocers.org/"target="_new">National Grocers Association</a></p><hr class="legacyRuler"><hr class="invisible minimal-padding">
