Tax policy

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.

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.

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.”

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.

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.

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. 

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.

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.