Tax policy

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.

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. 

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.

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. 

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. 

Small Business Majority has released its comprehensive state policy agenda to ensure entrepreneurship is at the center of a thriving and inclusive economy in Virginia during and after the COVID-19 pandemic. It’s critical that state lawmakers enact policies to support and empower these entrepreneurs by guaranteeing that they have access to capital to sustain their businesses, affordable and quality healthcare and the tools and benefits they need to grow now and in the future.

On October 18, 2021, Midwest Region Director Geri Aglipay testified before the Illinois Department of Financial and Professional Regulation in support of the Illinois Community Reinvestment Act (IL CRA). This legislation will combat ageism in lending and uplift entrepreneurs of color and women entrepreneurs.