Today, hundreds of small business owners and business organizations added their names to a letter urging Congress to pass the Inflation Reduction Act of 2022. The letter outlines how small businesses stand to benefit from the legislation, namely by improving access to healthcare, increasing tax enforcement on large corporations, and making meaningful climate change investments.
Today, John Arensmeyer, CEO and founder, submitted a letter to Congressional leadership offering strong support for the Inflation Reduction Act of 2022. The Inflation Reduction Act's provisions would improve access to healthcare, increase tax enforcement on large corporations, and make meaningful climate change investments.
: Fair Competition
There is a growing unlevel playing field between small and large companies, as underregulated technology platforms, corporate consolidations and pernicious business practices dramatically restrict markets and stifle competition. Our research examines how small businesses are being impacted by anti-competitive business practices and their views on policy solutions to level the playing field.
Underregulated technology platforms, corporate consolidations and pernicious business practices are fueling an increasingly uneven level playing field between small and large companies by dramatically restricting markets and stifling competition. These challenges have been exacerbated during the pandemic as small businesses pivot their businesses to stay afloat, and thousands of people launched new entrepreneurial endeavors. A new opinion poll reveals that our nation’s entrepreneurs are being harmed by myriad anti-competitive practices, and they strongly support policies to create a more equitable business landscape.
As lawmakers in Washington consider a robust budget reconciliation package to invest in “human infrastructure” and debate how to pay for this plan, Small Business Majority surveyed small business owners and managers of operations at small businesses around the country to better understand their views on our tax system, as well as their opinions on tax policies that have been proposed to offset the costs of the human infrastructure plan.
The White House's $2 trillion proposed American Jobs Plan—an infrastructure reform plan—continues to be hotly debated on Capitol Hill, and proposals to pay for infrastructure investments via tax reforms are some of the most contested pieces of the plan. A new small business survey reveals that small businesses strongly favor key provisions of the American Jobs Plan, and they support paying for them by enacting reforms that would require wealthy corporations and individuals to pay a higher share of taxes.