Tax policy

The Agenda for Wisconsin’s Entrepreneurs

Small Business Majority’s policy agenda ensures that small business is at the center of a thriving and inclusive economy in Wisconsin and advances policies that promote equitable pathways for entrepreneurship. The state’s 461,000 small businesses employed 1.3 million people in 2021, and small businesses have historically driven job growth .  Yet, small businesses in Wisconsin continue to face setbacks from the COVID-19 crisis and struggle to access critical financing and resources.


2023 Policy Priorities

: 2023 Policy Priorities

Access to Capital & Opportunity

Entrepreneurship is essential to a thriving and equitable economy, yet too many of our smallest businesses—especially those owned by Black, Indigenous, and people of color (BIPOC), women, rural business owners and other under-resourced communities—face unique hurdles in accessing capital from banks and other traditional financial institutions. To ensure small businesses can thrive, we offer the following capital policy recommendations.


Small Business Majority Founder and CEO Submits Written Testimony Ahead of House Small Business Committee Hearing

Today, Founder and CEO, John Arensmeyer, submitted written testimony for the House Small Business Committee's "Paying Their Fair Share" hearing, which will occur on April 18th. The testimony outlines tax policy changes and provisions that would help level the playing field for small businesses. 


Small Business Majority supports expansion of EITC and CTC in Colorado

On March 27, Small Business Majority's Colorado Director Lindsey Vigoda submitted testimony to the Colorado House Finance Committee on HB 23-1112, legislation that would expand the state-level Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC) for working Coloradans.


The agenda for New Mexico's entrepreneurs

Small Business Majority has created a comprehensive state policy agenda to ensure entrepreneurship is at the center of a thriving and inclusive economy in New Mexico. New Mexico's 154,000 plus small businesses account for 99% of all businesses in the state and employ more than half of workers in the state, according to the U.S. Small Business Administration. 


Small Business Majority Supports Daniel Werfel as IRS Commissioner

John Arensmeyer, Founder and CEO of Small Business Majority, submitted a letter to the U.S. Senate Committee on Finance today supporting President Biden's nominee, Daniel Werfel, as Commissioner of the IRS. Daniel Werfel has the experience, knowledge, and skills to excel as the IRS Commissioner. We urge the Senate Committee on Finance to quickly confirm him.


Small Businesses and Business Organizations add their name in support of the Inflation Reduction Act

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.


Small Business Majority Supports the Inflation Reduction Act of 2022

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. 


Small Business Majority offers updated recommendations for administering stimulus aid

Last year, the American Rescue Plan provided billions of dollars to state governments to support their communities. After a year, these governments still have an opportunity to support their local small business ecosystem. We offer updated recommendations for strategic investments that can have a transformative impact on the long-term sustainability of a small business ecosystem.