Tax policy

Small Business Majority submits written testimony highlighting the importance of tax relief for Main Street amid growing economic uncertainty

On April 14, Small Business Majority submitted a statement for the record in response to a recent joint House and Senate Small Business Committee hearing titled “Prosperity on Main Street: Keeping Taxes Low for Small Businesses.” Our statement urges Congress to reform the 199A pass-through deduction to deliver more meaningful tax relief for small businesses, particularly as they face increasing economic uncertainty from the administration’s unpredictable rollout of global tariffs. 
 

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Small Business Majority testifies in support of tax incentives for employee-owned businesses

On February 19, Small Business Majority Colorado Director Hunter Nelson testified in support of House Bill 25-1021, legislation that would extend Colorado’s Employee Ownership Tax Credit to Establish or Expand through income tax year 2037. It would also increase the percentage of conversion or expansion costs that are eligible to be claimed for the credit from 50% to 75% beginning in tax year 2026.

 

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Small Business Majority sends letter in opposition to Senate budget framework that opens the door for spending cuts to the small business ecosystem

On April 3, Small Business Majority sent a letter to Senate leadership in opposition to the budget framework released this week which keeps trillions of dollars in spending cuts on the table and provides for more than $5 trillion in tax cuts that will largely benefit wealthy individuals and large corporations at the expense of small businesses.

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Small Business Goes to Washington: Entrepreneurs Visited DC to Discuss Taxes and Other Policy Concerns With Lawmakers

Congress has big plans to reform the tax code this year. To help ensure that America’s diverse small business economy has a seat at the negotiating table, Small Business Majority and Main Street Alliance (MSA) partnered to launch the Small Business Tax Reform (SBTR) Coalition, a national initiative to advocate for a tax code that better prioritizes the needs of America’s entrepreneurs.

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Small business owners urge Congress to prioritize small businesses through tax reform

On February 25, the Small Business Tax Fairness Coalition (SBTF) sent a petition to Capitol Hill signed by nearly 250 small business owners from across the country which urges Congress to prioritize small business growth and protect access to healthcare through targeted tax reform. The petition outlines how Congress can support small businesses by reforming the 199A pass-through deduction, expanding the Child Tax Credit (CTC), extending the Affordable Care Act's Enhanced Premium Tax Credits, and adopting commonsense revenue measures, such as raising the corporate tax rate.

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Small Business Majority sends letter to House leadership in opposition to Republican budget resolution that would devastate small businesses

On February 24, Small Business Majority sent a letter to House leadership in opposition to the Republican budget resolution which outlines up to $2 trillion in spending cuts and makes way for upwards of $4.5 trillion in tax cuts that will largely benefit large corporations at the expense of small businesses. This destructive spending plan would cut funding for the programs that small businesses rely on everyday, including Affordable Care Act (ACA) subsidies, Medicaid, and U.S. Department of Agriculture loan and grant programs that support rural businesses and farmers.

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Tax Reform

: Tax Reform

When crafted with the needs of America’s smallest businesses in mind, our tax code can serve as a critical tool in fostering a level playing field between large corporations and the small businesses that rely on tax incentives to grow their operations. However, the current tax code does not work for small businesses. Small Business Majority’s research found that 82% of small businesses believe the current tax code favors large corporations over small businesses.

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Small Business Majority testifies on the importance of enacting bottom-up tax reforms ahead of the 2025 tax policy debate

On November 19, Small Business Majority Founder and CEO John Arensmeyer testified before the Joint Economic Committee at a hearing titled “Building on the Success of TCJA: The 2025 Tax Policy Debate.” John’s testimony highlighted the shortcomings of the 2017 Tax Cuts and Jobs Act (TCJA) for small businesses and the need to implement equitable, bottom-up tax reforms which deliver real benefits for the smallest, most under-resourced businesses ahead of the forthcoming expiration of several TCJA provisions in 2025.

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