Tax policy

Small Business Majority provides testimony in support of IL CRA

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. 

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Small Business Owners Add Their Names in Support of Human Infrastructure

Hundreds of small business owners have added their names onto a sign-on letter calling on Congress to immediately invest in human infrastructure. Entrepreneurs and employees need access to benefits that will help us compete and ensure employees have the resources they need to fully participate in the workforce, as well as reforms to level the playing field for small businesses, particularly when it comes to tax reform. 

 

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Small businesses share views on proposed tax reforms, workforce shortages

Publisher: 
Small Business Majority
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Date: 
Wednesday, August 18, 2021

As lawmakers in Washington consider a robust budget reconciliation package to invest in “human infrastructure” and debate how to pay for this plan, Small Business Majority surveyed small business owners and managers of operations at small businesses around the country to better understand their views on our tax system, as well as their opinions on tax policies that have been proposed to offset the costs of the human infrastructure plan. 

Survey: Small businesses support tax reforms to pay for robust infrastructure investments

Publisher: 
Small Business Majority
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Date: 
Tuesday, June 8, 2021

The White House's $2 trillion proposed American Jobs Plan—an infrastructure reform plan—continues to be hotly debated on Capitol Hill, and proposals to pay for infrastructure investments via tax reforms are some of the most contested pieces of the plan. A new small business survey reveals that small businesses strongly favor key provisions of the American Jobs Plan, and they support paying for them by enacting reforms that would require wealthy corporations and individuals to pay a higher share of taxes.  

Small Business Majority supports Business Personal Property Tax Reform

Small Business Majority will submit testimony to the Senate Finance Committee in suport of House Bill 21-1312 on May 26, which would provide tax relief for small business owners through the Business Personal Property Tax Reform and eliminate wasteful tax loopholes that don’t benefit our economy.

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Supporting small businesses through the American Families Plan

Today, John Arensmeyer submitted a letter to congressional House and Senate leadership outlining the key provisions in the American Families Plan that would support small businesses. Additionally, the letter provides recommendations for how to structure tax reforms to ensure they level the playing field for small businesses. 

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Small Business Majority Sends Letter to the White House ahead of President's Address to Congress

As a leading representative of America’s 30 million small businesses, we offer the following recommendations on what small businesses are hoping to hear in President Biden's remarks when he addresses Congress on Wednesday, April 28.

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Small Business Majority supports expanding the Illinois State Earned Income Credit (EIC) to benefit entrepreneurs

A year into the pandemic, many small businesses in Illinois continue to struggle to keep their doors open. While government funding programs have provided a crucial lifeline for many businesses, one-off funding opportunities are not going to be enough to support the long-term recovery of our small business economy. The proposed Illinois Earned Income Credit (EIC) expansion would help address this by closing the gaps in federal funding relief programs and putting more money into the pockets of  low-income and working-class Illinoisans.

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Small Business Majority supports removal of CAPCO tax credit

Small Business Majority submitted a letter to the Georgia Senate Finance Committee to ask them to remove legislation implementing a CAPCO tax credit program from HB 587, which would provide $150 million worth of tax credits to “certified capital companies.” The CAPCO model is fundamentally flawed and this money would be much better spent directly supporting Georgia's small businesses.

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