NFIB Federal Government Relations Leaders Discuss The Administration’s Tax Proposal Implications for Small Business
This week in a free webinar for small businesses, NFIB experts discussed tax changes for small businesses that are currently being considered by Congress. President Biden recently proposed two infrastructure spending plans that would be paid for by significant changes to tax policies for businesses and individuals. The May 19 webinar provides:
- An overview of the Administration’s tax proposals and their impact on small businesses
- A forecast on timing – when Congress is expected to consider these issues
- Tips and best practices for small businesses when they communicate with their Members of Congress
- Recorded video comments directly from NFIB members who shared their tax policy concerns
NFIB Members Discuss Tax Concerns
An NFIB member and summer camp owner in Alabama shared his concerns about the proposed corporate tax rate increase that would nearly double the tax rate for America’s smallest businesses compared to a few years ago:
An NFIB member and plumbing company owner in Oregon discussed his concerns over the proposed capital gains tax increases, explaining the journey of a business owner after years of reinvesting in his business and employees:
An NFIB member from a third-generation family-owned commercial powder coating business in Massachusetts discussed her family’s aim to prepare and protect surviving family members from being forced to close or sell the family business to cover future death taxes:
Take Action: We want to hear from you. As the voice of small business, your input helps NFIB advocate against harmful tax increases. Completing our brief tax survey can help us inform legislators about the effects of their legislation.
- Watch the free recorded webinar and download the presentation slides.
- Read an overview of the small business implications in President Biden’s infrastructure spending proposals.
- Learn more about the stepped-up basis, a longstanding tax policy that helps family-owned businesses continue to create jobs generation after generation.
- Complete NFIB’s survey about taxes.