NSBA is supporting the final tax reform bill which addresses some key priorities for America’s small-business owners, despite ongoing concerns with overall tax simplification, true parity among small and large businesses, and the growing U.S. debt.
NSBA is supporting the final tax reform bill which addresses some key priorities for America’s small-business owners, despite ongoing concerns with overall tax simplification, true parity among small and large businesses, and the growing U.S. debt.
Last week, the Senate narrowly passed their FY2018 budget which clears a path forward for tax reform votes on a filibuster-proof basis.
Since returning from summer recess, Congressional leaders and the Trump Administration have been focused on tax reform with the so-called "Big Six" aiming to share an outline of their plan with tax-writers by the end of this month.
NSBA recently sent a detailed letter urging the Senate Finance Committee to embrace bipartisan, revenue neutral tax reform that eases complexity, broadens the base and lowers rates.
This week, two House committees will hold hearings on two key issues that could greatly impact small business and entrepreneurship: the joint-employer rule and broad tax reform. ritical importance to America's small businesses. On Wednesday, July 12, the House Committee on Education and the Workforce will discuss the expanded definition of joint employer under federal labor laws and how it could hamper entrepreneurship. Then on Thursday, the Ways and Means Tax Policy Subcommittee will discuss how tax reform could ease small-business ownership.
Tax reform discussions are ongoing in both the House and the Senate, however how best to approach a reform bill, and when, differs between House and Senate tax-writers and leadership.
Tomorrow, the House Ways and Means Committee will hold a hearing on tax reform policies that aim to generate economic growth.
The failure of Congress to move forward on health care legislation makes broad tax reform more difficult, but not impossible, according to GOP leadership.
Policymakers continue to discuss tax reform, with House Republicans touting their Blueprint and President Trump calling for broad tax reform in his recent address to Congress.
