Economy

The Agenda for Illinois’ Entrepreneurs

Small Business Majority’s Illinois policy agenda outlines policies that advance and promote equitable pathways for entrepreneurship while centering small businesses as the key to a thriving and inclusive economy. The state’s 1.3 million small businesses employ 2.4 million people (about 44.1% of the private workforce), with firms without employees making up 80% of all owned businesses.  Illinois small business owners are navigating workforce shortages, a childcare crisis and the end of a number of pandemic era programs that support entrepreneurship.

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Submitted by Small Business Majority on Fri, 02/24/2023 - 09:19

The agenda for Virginia’s entrepreneurs

Virginia is home to more than 800,000 small businesses, employing 1.6 million people and accounting for 99.5% of all businesses in Virginia. Small Business Majority has created a comprehensive state policy agenda to ensure small business ownership and entrepreneurship are at the center of a robust, equitable, and competitive economy for the Commonwealth.

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Submitted by sbm-admin on Tue, 12/10/2019 - 11:57

Opinion poll: Small businesses support bottom-up tax reforms

Publisher: 
Small Business Majority
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Date: 
Wednesday, August 28, 2024

Small Business Majority’s new national opinion poll of small businesses reveals that they believe they’re not competing on a level playing field in the federal tax system with large corporations. While many small business owners are aware of and take advantage of the 20% pass-through deduction, the benefits of this deduction are skewed in favor of a small number of the wealthiest businesses. As a result, they support several reforms, including a fixed standard deduction. Additionally, entrepreneurs support maintaining increased IRS funding so that they can properly execute their mission to improve customer service and increased audits of wealthy taxpayers and large corporations.

Small Business Speaks: Two Days in Washington with Small Business Majority

Posted: October 12, 2023

On September 26 and 27, Small Business Majority hosted an advocacy fly-in event, “Small Business Speaks: Two Days in Washington with Small Business Majority.” Nearly 30 entrepreneurs from the organization’s national and state Small Business Councils attended the event to build community and ensure that federal policymakers heard the true voice of small business.

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Small businesses share concerns with recent banking closures, access to capital challenges

Publisher: 
Small Business Majority
English
Date: 
Wednesday, May 3, 2023

As recent banking closures like the Silicon Valley Bank collapse shake the financial system, Small Business Majority surveyed small business owners and decision-makers around the country to understand their concerns about banking and access to credit.

Small Businesses Support the Nomination of Julie Su as Secretary of Labor

On April 7, Small Business Majority submitted a letter to the U.S. Committee on Health, Education, Labor & Pensions, urging the committee to confirm the nomination of Julie Su as the next Secretary of Labor. Deputy Secretary Su is collaborative, works well with small business groups, and will ensure that small businesses and their employees are truly supported and prioritized. 

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Submitted by Lisa Marlow on Fri, 04/07/2023 - 13:51

Small Business Majority Submits Comments to Federal Register on Department of Labor's Proposed Classification Rule

Today, John Arensmeyer submitted a comment letter for the Department of Labor's propsed rule on Employee or Independent Contractor Classification Under the Fair Labor Standards Act.

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Submitted by Awesta Sarkash on Mon, 12/12/2022 - 11:22

2022 The Bottom Line Webinar Series

Posted: December 2, 2022

This fall, The Bottom Line webinar series has brought together U.S. Small Business Administration (SBA) officials, small business advocates and subject matter experts for discussions on how to address the economic challenges facing small businesses today. Through these webinars, members of the small business community have been connected to tools and resources for long-term, stable growth. 

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Small Business Majority supports the expansion of CalEITC and the YCTC

Small Business Majority writes in support of AB 2589, which would make the California Earned Income Tax Credit (CalEITC) and the Young Child Tax Credit (YCTC) more impactful and overall improve access to the California tax system for low to moderate income small business owners and employees. 

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Submitted by Small Business Majority on Thu, 05/19/2022 - 08:18

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