Wholesalers weigh in on budget

The National Association of Wholesaler-Distributors (NAW) has sent a letter to members of Congress opposing President Obama's proposed budget.

Pleading with members "in the strongest possible terms" to oppose the budget, the letter states that Obama's proposal is "not a budget but a roadmap for unprecedented restructuring of the U.S. economy."

Specifically, NAW takes issue with what the letter describes as "punitive tax increases" on top of an "already progressive tax code."

"These tax increases would have a profound negative impact on the economy," the letter reads, "affecting the successful small businesses which create the preponderance of new jobs every year--the capital they would use to create jobs and make investments will instead be sent to the Federal Treasury."

NAW is also a strong opponent of card-check legislation.