NSBA Members Vote on Priorities for 113th CongressDecember 5, 2012
Earlier today, NSBA unveiled the results of its Small Business Congress priority vote, establishing a small-business agenda for the 113th Congress. The voting follows last week’s Small Business Congress in Washington, D.C. where members heard from myriad policy experts and debated more than 30 different issues facing small business.
“Despite the many challenges facing America’s small-business owners—the deficit, economic uncertainty, ever-growing tax and regulatory burdens—we have crafted an aggressive small-business agenda,” stated Todd McCracken NSBA president and CEO. “We will be looking for that widespread support of small business that was touted during the elections as we set forth on our agenda.”
NSBA’s Top 10 Priorities are:
- Deficit Reduction through Tax, Spending and Entitlement Reform
NSBA urges policymakers to pursue economically responsible deficit reduction which includes entitlement and spending reform, and supports a simpler, fairer tax system that embraces NSBA’s principles: simplicity, fairness, transparency and predictability.
- Reduce Health Care Costs
Health care costs must be reduced and health care access improved by empowering consumers, increasing competition based on price and quality, and limiting medical liability.
- PPACA Implementation
Clear and timely regulations are needed to implement the Patient Protection and Affordable Care Act, especially Health Insurance Exchanges.
- Small Business Contracting
Improve small-business federal and commercial contracting opportunities, including SBIR commercialization, prompt payment issues, and other relevant matters.
- Fundamental Tax Reform: The Fair Tax
The U.S. tax code is broken and requires broad reform such as the Fair Tax—a national, 23 percent sales tax—to institute fairness and common sense, and eliminate overwhelming complexity.
- Access to Risk-Based Capital
Increase and improve access to risk-based capital for small businesses, including support for the Export-Import Bank, crowdfunding, credit union lending, and other alternative sources of capital.
- Regulatory Reform & Paperwork Reduction
Small businesses need relief from the massive federal regulatory burden through proposals such as establishing a National Regulatory Budget and requiring a cost-benefit analysis of new regulations.
- Family and Medical Leave Act
Oppose expansion of the Family and Medical Leave Act which would increase small businesses’ burden and represent unnecessary government intrusion regarding how to compensate employees
- National Conference on Small Business
Work with a broad coalition of partners to create a National Conference on Small Business to address and promote long-term economic growth for America’s small-business community.
- Expand Section 179 Expensing
NSBA urges Congress to permanently expand annual Section 179 expensing limits to at least $500,000, which will help small-business cash flow as well as provide broader economic benefits through investments.
At the beginning of each new session of Congress, NSBA brings its members together at the Small Business Congress to discuss the issues and craft an agenda for the coming two years. This gives NSBA’s members the opportunity to bring new issues to the table as well as further debate and develop previous priorities.
“NSBA is a uniquely member-driven organization, and, through this voting process, our members have crafted a small-business agenda that truly reflects what small business owners need,” stated NSBA Chair Chris Holman, CEO of Michigan Business Network.com and President of The Greater Lansing Business Monthly. “Clearly, there is nothing that weighs more heavily on small business than the deficit and tax reform.”
Please stay tuned to NSBA’s website for more detailed information on the priorities for the 113th Congress
Please click here for a detailed wrap-up of the 2012 Small Business Congress.