Tax policy

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. It’s critical that state lawmakers enact short- and long-term policies to support and empower entrepreneurs by guaranteeing their access to capital, an infrastructure that can support their ability to offer quality jobs, and their ability to compete fairly now and in the future. To achieve these goals, policymakers should consider the following policy proposals. 

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Submitted by Awesta Sarkash on Mon, 12/19/2022 - 11:02

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.

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Submitted by sbm-admin on Fri, 01/03/2020 - 13:14

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

Small Business Majority submits written testimony detailing the importance of supporting entrepreneurs through bottom-up tax reforms

On September 20, Small Business Majority Founder and CEO John Arensmeyer submitted written testimony to the U.S. Senate Committee on Finance which outlines how tax provisions enacted through the 2017 Tax Cuts and Jobs Act have disproportionately benefited larger, wealthier entities as opposed to Main Street businesses.

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Submitted by Connor Coursey on Fri, 09/20/2024 - 08:05

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 Majority submits comments in support of the DEA’s proposed rule to reschedule marijuana as a Schedule III substance

On July 17, Small Business Majority submitted comments in response to the U.S. Drug Enforcement Agency’s proposed rule to reschedule marijuana under the Controlled Substances Act. Due to current restrictions, cannabis businesses, the majority of which are small businesses, are unable to access key tax deductions, government-backed financing, and additional small business resources to help support their enterprises.

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Submitted by Connor Coursey on Fri, 07/19/2024 - 09:49

Small Business Majority submits written testimony on reforming the tax code to foster a thriving and equitable small business economy

On April 5, Small Business Majority Founder and CEO John Arensmeyer submitted written testimony to the House Committee on Small Business ahead of their hearing entitled “Tax Day: Exploring the Adverse Effects of High Taxes and a Complex Tax Code.”

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Submitted by Connor Coursey on Mon, 04/08/2024 - 07:28

Small Business Majority Testifies in Support of Closing Corporate Loopholes in Tax Code

On January 17, Small Business Majority Founder and CEO John Arensmeyer testified before the U.S. Senate Committee on Budget at a hearing on closing corporate loopholes that reward offshoring jobs and profits in the tax code. He shared comments on initiatives to bring parity to the tax code and recover lost revenue that would greatly support the small business community.

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Submitted by Lisa Marlow on Thu, 01/18/2024 - 09:26

Small Business Majority files amicus brief in Moore v. U.S.

On October 23, Small Business Majority, alongside Main Street Alliance and other small business advocates, filed an amicus brief in Moore v. U.S. urging the U.S. Supreme Court to uphold the Mandatory Repatriation Tax (MRT) previously enacted by Congress. The brief outlines the importance of a stable and predictable federal tax structure to small business growth and competition and how efforts to undo federal tax provisions like the MRT will cause uncertainty for entrepreneurs.

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Submitted by [email protected] on Tue, 10/24/2023 - 07:09

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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