Small businesses should not face a higher tax rate than their big business competitors. Many currently do. Meaningful tax reform must address this divide.
Let Congress know that tax reform must start with small business!
Your message to Congress will read as below, or you can customize it:
With all the changes in Washington, Congress has the golden opportunity to help America’s small businesses by finally creating the conditions for strong economic growth. Small businesses create two out of every three of the net new jobs each year, and in much of the country, we are the cornerstones of our communities.
One of the keys to unleashing a strong economy will be tax reform that starts with small business. Approximately three-quarters of small employers are structured as pass-through entities, meaning their owners are taxed at the individual tax rate, not the corporate tax rate. Tax discrepancies between corporate and individual rates must be addressed in this once-in-a-generation window of opportunity.
Small business owners, like me, feel a tremendous optimism for this new Congress, and I hope that you are willing to use this opportunity to repair and simplify a tax code that is helping to hold back our small business economy. As a voter and member of the National Federation of Independent Business (NFIB), I want to encourage you to work with NFIB to work to pass tax reform that starts with small business.