I sometimes hear that the FAIRtax will result in a windfall for corporations since the FAIRtax eliminates corporate taxes. Let’s make one thing perfectly clear – Corporations are legal fictions that have not, do not, and never will bear the burden of taxation. Only people pay taxes. Corporations pass on their tax burden in the form of higher prices to consumers, lower wages to workers, and/or lower returns to investors. The idea that taxing a corporation will reduce taxes on, say the working poor, is a cruel hoax. The corporate tax only makes what the consumer buys more expensive, costs employees jobs, lowers their lifestyle, or delays their retirement. Taxes are just another line item on the corporation expense sheet and it’s the consumer, employee and investor who pays for it. Under the FAIRtax plan, all the hidden cost created by the income tax disappears and money retained in the business and reinvested to create jobs, build factories, or develop new technologies, pay no tax. But, some believe that corporations will not do these things and will simply keep prices the same and cash in. Although some may try at first, they will soon see their market share drop. After all, if store A and store B are selling the same product but store B is selling it cheaper than store A, which store will you shop in? The FAIRtax is the most honest, fair, productive tax system possible and free market competition will do the rest. For more information please go to FAIRtax.org

One of the long-time strengths of this community is its incredible entrepreneurial spirit and support. This is truly a place which supports and encourages entrepreneurship. It is very much part of our DNA here. As much as the springs and horses define us, so does entrepreneurship. It was a part of the CEP even before the merger more than eleven years ago now and continues to be so today with Business Creation being one of our five pillars and the Power Plant Business Incubator serving as the heart of those efforts. Soon, our new Silver Springs Shores Impact Entrepreneurship Center will open to expand our support for small business growth and development to this area of our community. Our Impact Initiative presented by Ausley Construction exists because we believe entrepreneurship is the best way to overcome inequality of opportunity. So, celebrating and supporting entrepreneurs is a natural part of what we do. Continue reading

Dear Friends,

As we near the start of a new year, we are also less than one month away from the start of the 2024 Legislative Session. Due to pressing matters, the Florida Legislature decided to start early, holding a special session during the second week of November. We passed four bills, as well as a Senate Resolution expressing our support for Israel and its right to defend itself.

The first bill that we passed during the 2023C Special Session is House Bill 1C: Disaster Relief, by Senator Cory Simon. As demonstrated after Hurricanes Ian and Nicole, the Florida Senate is committed to helping Floridians rebuild from devastating storms in every manner possible. In response to Hurricane Idalia, the Florida Senate passed HB 1C, providing necessary funding and tax relief to the communities who need it most. The Florida Senate is meeting the challenge to support our rural and agricultural communities that have been devastated by Hurricane Idalia. This bill provides critical support to communities impacted by Hurricane Idalia, directs an additional $170 million to the My Safe Florida Home Program, and extends local government loan programs. Continue reading

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CEP – Click to learn more

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