Tax reform, healthcare, and regulatory reform among list of concerns.
Colorado small business owners have a big stake in the 2017 legislative session, which began Jan. 11 and lasts until May.
NFIB/CO State Director Tony Gagliardi is hoping the legislature addresses problems like burdensome regulations, complex taxes, and and expensive healthcare mandates.
“Now that the election is over, small business owners are hoping to see positive movement in the areas of tax reform, healthcare, and regulatory reform,” says Gagliardi. “Small business owners want certainty. When small business owners lack certainty, they do not hire, invest, or expand inventory.”
Here are specifics from Gagliardi on these three areas.
“NFIB favors a single business tax rate that would reduce taxes for all business and create parity between large corporations and small businesses. Small business owners also want to see a repeal of the federal estate tax. Currently, some small business owners and their families are forced to liquidate their businesses in order to pay the tax, and others lose the capital they need to invest and grow.”
“Small business owners want total repeal of the health insurance tax (HIT) on premiums. Replace the ACA with a law that reduces mandated coverages and is more individually suitable and portable. Any new law needs to increase the number of carriers so that a competitive marketplace can exist.”
“The current regulatory environment has caused concern with small business owners with the increased costs that come with more mandates, which are backdoor taxes. Small businesses will welcome with open arms the ceasing of federal agencies legislating by regulation the new administration has promised.”