Solving the harm caused by minimum-wage increases a top priority
The Arizona State Legislature commences the second half of its two-year session in January 2020 with a couple of big issues facing small business.
2020 Minimum Wage Increase
NFIB members oppose minimum wage mandates. As a result of the 2016 voter proposition, Arizona’s minimum wage will get its fourth and final hike in January 2020—with a full one-dollar increase to $12. It is practically impossible to undo what the voters passed in 2016. NFIB supports efforts to solve the ill effects this initiative has had on the small businesses—namely businesses that employ entry-level workers in their formative years and those providing on-the-job training in trades to new workers with no experience.
Make Federal Income Tax Cuts Permanent
With a new balance in Congress, the House could seek to overturn some or all of the tax reforms implemented by the Tax Cuts and Jobs Act of 2017. Many of these tax cuts are currently scheduled to expire in 2025, but NFIB is working to make them permanent, regardless of what action may be taken by the House in 2019. The top objective is to maintain the 20 percent tax deduction on small business income for pass-through entities. A majority of small businesses benefit from it. It has allowed many employers to increase pay and benefits for their workers, invest in their businesses, and expand their companies, all of which has helped stimulate the economy.