Tax policy

On April 17, Small Business Majority submitted a statement for the record for a U.S. House Committee on Small Business hearing titled “Lower Taxes, Stronger Main Street: The Benefits of the Working Families Tax Cuts.” Our statement details how the tax provisions, like the Section 199A pass-through deduction, made permanent under H.R. 1, or the “One Big Beautiful Bill Act,” have fallen short of supporting small businesses in the face of rising healthcare costs and unprecedented global tariffs. 

Widespread tariffs are driving up costs for small businesses and their customers, creating uncertainty that threatens growth and stability on Main Street. This fact sheet highlights new survey data showing how tariffs are impacting small business operations, forcing price increases, delaying expansion and squeezing already-thin margins. It also features firsthand stories from entrepreneurs across the country describing how tariff volatility is affecting their bottom line. Download this resource to learn why tariff policy matters for small businesses.

North Carolina is home to more than 1 million small businesses, employing 1.8 million people and accounting for 99.6% of all businesses in the state. They play a significant role in our state economy and workforce. However, national economic uncertainty coupled with an especially fast-changing business landscape has required small businesses to adapt, yet again.

As new global tariffs wreak havoc on small businesses, Small Business Majority released a new fact sheet detailing findings from a recent national poll that explores how small businesses are responding to evolving tariff policies. 
 

On August 7, the Small Business Tax Reform Coalition (SBTRC)—a joint initiative of Small Business Majority and Main Street Alliance—submitted a statement for the record in response to a recent U.S. House Ways & Means Committee hearing on the One Big, Beautiful Bill Act.

On August 4, Small Business Majority Founder & CEO John Arensmeyer submitted a statement for the record in response to a recent U.S. House Committee on Ways & Means field hearing in Simi Valley, California regarding the passage of the ‘One Big, Beautiful Bill’ (OBBB). The statement outlines how the over $1 trillion in cuts to Medicaid and the Affordable Care Act enacted in OBBB will strip affordable healthcare coverage from millions of small business owners and employees. 
 

On July 8, the Small Business Tax Reform Coalition (SBTRC), a joint initiative of Small Business Majority and Main Street Alliance, sent a letter to the House and Senate Financial Services and General Government Subcommittees, urging them to preserve robust funding for the Internal Revenue Service (IRS) in the FY 2026 appropriations bill.

On June 12, Small Business Majority and the Small Business Tax Reform Coalition sent a letter to the U.S. Senate, signed by nearly 200 small business owners from across the country, urging Congress to pass legislation similar to the Mom and Pop Tax Relief Act (H.R. 3249). The bill would replace the existing 20% passthrough deduction under Section 199A with a simplified deduction of up to $25,000. The letter highlights how H.R.