"While it is essential to support President Biden’s recommended solution to avoid the disastrous consequences of a default on the United States’ sovereign debt, it is outrageous that those who would act recklessly have threatened the stability of the American economy to extract concessions they could not obtain in the regular legislative process.
Debt Ceiling Agreement Avoids Catastrophe but Rescinds Important Funding to Support Small Business and Enforce Tax Fairness
Statement by John Arensmeyer, Founder & CEO of Small Business Majority, on small business provisions in the debt limit deal
Statement by Bianca Blomquist, Policy Director, California for Small Business Majority, on measures in Governor Gavin Newsom’s May Revision that will impact small business
“Governor Gavin Newsom’s revised 2023-2024 budget proposal calls for the state to pare back funding increases for programs and services essential to job creation, workforce development, and overall small business growth.
Many of California’s smallest businesses remain vulnerable and require resources to help them with long-term recovery; however, the governor’s revised budget failed to include several measures important to the small business community, such as the following:
Poll: Small Businesses Support Increased Oversight to Preserve Financial Health of our Nation's Banks
Latest poll reveals small businesses are feeling negatively impacted by recent banking closures
Washington, DC - Today, Small Business Majority released a new opinion poll revealing that in the past year, 55% of small businesses have found it harder to obtain new capital to grow or operate their business.
Statement by John Arensmeyer, Founder & CEO of Small Business Majority, on proposed debt limit bill and its impact on small businesses
“The U.S. House Republican-led debt limit bill that passed on Wednesday is a step backward from the investments proposed in President Biden’s budget for Fiscal Year 2024. We need policymakers to come together on a serious plan to address our nation’s debt without impacting programs and hurting the economy. We are particularly concerned by the legislation’s provision to enact spending cuts on critical federal programs, reduce funding for the Internal Revenue Service (IRS), and cut spending for clean energy.
Statement by Bianca Blomquist, California Policy Director & Northern California Outreach Director of Small Business Majority, praising the California Senate Budget Committee's proposal to cut taxes for small businesses
"We are thrilled that Senate Democrats have released a plan to provide meaningful tax cuts to our state's small businesses. Under the 'Protect our Progress' budget plan, small businesses that file as C corporations will reduce their taxes by 25% by lowering the current flat corporate tax rate on the first $1.5 million of taxable income. This proposal would be a boon to our state's innovators and job creators. We know that many of our smallest and most vulnerable small businesses are still struggling to overcome challenges stemming from the pandemic.
Statement by John Arensmeyer, Founder & CEO of Small Business Majority, on confirming the next U.S. Labor Secretary
“We are pleased that the U.S. Senate Health, Education, Labor, and Pensions (HELP) Committee has voted to advance the nomination of Julie Su to lead the U.S. Department of Labor. We continue to support Acting Secretary Su in this role and remain confident that she is well-equipped to lead the Department.
Statement by John Arensmeyer, Founder & CEO of Small Business Majority, on today’s nomination hearing and the need to confirm Julie Su as the next Secretary of Labor
“After today’s nomination hearing in the U.S. Senate Health, Education, Labor, and Pensions (HELP) Committee, we are confident in Acting Secretary Su’s ability to lead the U.S. Department of Labor.
FTC Chair Lina Khan joins Small Business Majority for a listening session on the harm non-compete agreements inflict on small business growth and entrepreneurship
Washington, D.C. – Today, Lina M. Khan, Chair of the Federal Trade Commission (FTC), joined Small Business Majority, small business owners, and business organizations for a listening session to discuss the negative impact of non-compete agreements on small businesses. The FTC has proposed to ban most non-compete agreements citing that they impede free and fair entrepreneurship, reduce competition, suppress wages and keep innovative ideas from breaking into the market.
Federal Judge Ruling to Stop No Cost Preventive Care for Small Businesses that Rely on the ACA is Short-sighted and Harmful
Statement from John Arensmeyer, Founder & CEO of Small Business Majority, on negative impact of ruling that would require entrepreneurs and small business employees to pay out of pocket for some preventive and wellness services
“We are deeply disappointed by Judge Reed O’Connor’s ruling in favor of undermining the Affordable Care Act (ACA) by allowing insurers to no longer cover some preventive care services at no cost.
Statement from John Arensmeyer, Founder & CEO of Small Business Majority, on confirming the next SBA Deputy Administrator
"After more than two years of needless obstruction, we are pleased that the U.S. Senate Committee on Small Business and Entrepreneurship has voted to approve Dilawar Syed's nomination as the Deputy Administrator of the U.S. Small Business Administration (SBA).