UPDATE: On May 18, 2017, the U.S. House Ways and Means Committee held a hearing called “How Tax Reform will Grow our Economy and Create Jobs.” NFIB told Committee Chairman Kevin Brady that small business owners expect comprehensive tax reform this year and that it must feature parity for businesses of every size.
Read NFIB’s Full Letter to the House Ways and Means Chairman Kevin Brady >>
Read NFIB’s Press Release: Tax Reform Can’t Wait Until Next Year >>
Tax reform that starts with small business will unleash a strong American economy. Approximately 75 percent of small business owners are taxed at the individual tax rate, not the corporate tax rate, because their businesses are structured as pass-through entities. Tax discrepancies between corporate and individual rates must be addressed in this once-in-a-generation window of opportunity.