Today, Small Business Majority submitted a letter calling on the Small Business Administration (SBA) to reopen the Paycheck Protection Program (PPP) for all self-employed individuals and sole proprietors who previously received PPP loan funds based on their net profits. PPP loans were originally calculated using net profits, which resulted in very low amounts after accounting for business deductions.
Small Business Majority wrote to the Illinois House Personnel & Pensions Committee in support of HB0117, which would expand Illinois Secure Choice so that employers with at least one employee may participate and auto-enroll their employees. This is an important step to supporting very small businesses and their employees who are unable to access traditional retirement programs, particularly those who have been impacted by the COVID-19 pandemic.
Today, Small Business Majority submitted a letter to Senate leadership supporting healthcare provisions in the current iteration of the American Rescue Plan, which has vital measures that will strengthen access to healthcare and lower costs for small businesses and their employees.
With yesterday's committee confirmation of Isabel Guzman, Small Business Majority submitted a letter to leadership urging the Senate to swiftly confirm President Biden's nominee for Administrator of the U.S. Small Business Administration.
Small Business Majority Board Member Jessica Milano testified in front of the U.S. the Senate Committee on Banking, Housing, and Urban Affairs about the impacts the COVID-19 pandemic has had on Main Street. Specifically, she spoke on how many of the communities hardest hit by the pandemic have been communities of color, how despite significant Federal support, minority-owned businesses continue to experience challenges accessing capital, and how Congress should reauthorize the State Small Business Credit Initiative to address these market gaps.
Small Business Majority submitted a letter to the Georgia House Committee on Judiciary in support of HB 183 (Rep. Marvin Lim), which would allow small businesses to sue larger businesses for unfair or deceptive practices under the Fair Business Practices Act (FBPA).
Small Business Majority submitted a letter to the Wisconsin Senate Comittee on Financial Institutions and Revenueof in support of SB2 Senate Amendment 4, which would bring Wisconsin state tax laws for small businesses in conformity with the CARES Act and federal income taxes regarding small business owners’ ability to deduct allowable expenses paid from Paycheck Protection Program (PPP) loans on their state income taxes.
On February 12, Small Business Majority penned a letter to Senate leaders to offer our strong support for key provisions in the stimulus package that are essential to our nation’s small businesses at this critical time.
On February 11, Small Business Majority submitted a letter to the Chairwoman of Budget & Fiscal Review Committee and the Chairman of the Committee on Budget in support of Governor Newsom's proposed budget, which includes additional funding and support for small businesses.
On February 10, 2021, Small Business Majority submitted testimony in support of SB 58, which would create a state earned income tax credit (EITC) providing a much-needed boost to the state’s small business community.