Topics:
November 14, 2023
Shop local on Small Business Saturday Nov. 25
Support Main Street on Small Business Saturday November 25
- Main Street Tax Certainty Act: Congress needs to stop a scheduled small business tax hike. In 2017, lawmakers gave permanent tax cuts to Wall Street, but the relief they gave Main Street was temporary, and it’s set to expire in 2025.
- Credit Card Competition Act: Congress needs to give small businesses relief from soaring credit card fees. When you shop at a small business on Small Business Saturday, it must pay a 3% processing fee every time you swipe your credit card.
- Congress should free small businesses from a burdensome mandate that goes into effect on January 1. At that point, every small business that has more than $600 dollars in transactions via platforms like PayPal and Venmo will start receiving tax forms from the IRS for additional tax liabilities.
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