NSBA Checklist: What the Infrastructure Proposal Means for Small BusinessApril 12, 2021
On March 31, President Joe Biden introduced an extensive $2 trillion plan to overhaul the country’s infrastructure. The plan aims to modernize the nation’s roads and bridges, eliminate lead pipes from water supplies, and a long list of other projects which aim to create millions of jobs and strengthen America’s economic competitiveness. According to a White House fact sheet, the roughly $2 trillion in spending would be “fully paid for within the next 15 years” in part through largely familiar revenue-raising proposals that then-candidate Biden announced during the 2020 presidential campaign.
Given the scope of this bill, NSBA has developed a checklist highlighting the key areas that will likely have the most significant impact on the small-business community. The checklist pulls out key items from the overall plan–both good and not so good–and explains what they mean, what they’re expected to cost and how we anticipate they will impact small-business owners. In addition to the checklist, you can click here to learn more about the tax proposals that have been offered to pay for the infrastructure package.