Tax and regulatory reform remain top priorities for small business.
As the 2015 congressional session approaches, NFIB is focusing on three major issues that small business owners are concerned about.
1. Simplifying the Tax Code
NFIB hopes to see business tax codes reviewed and simplified, but it will likely be a marathon rather than a sprint, says Amanda Austin, vice president of public policy for NFIB. “We need to look at simplifying the tax code and securing key tax breaks,” she says. “The tax code hasn’t been seriously reviewed in two decades.”
2. Stopping the Health Insurance Tax
NFIB is involved in a push to repeal the Health Insurance Tax, a tax included in the Affordable Care Act. It will be imposed on insurance companies and passed on to small business owners through higher health insurance premiums. Visit www.StopTheHit.com for more information.
3. Reining in Regulations
As the Obama administration continues to push its regulatory agenda through government agencies, NFIB will be fighting for small business owners’ freedom from burdensome regulations.
“This administration is going to be looking at avenues through the EPA, the Department of Labor and the Affordable Care Act to push out regulations wrapped around statutory language, and they could potentially make things worse for small business,” Austin says.
