Our Victories
NFIB works to affect positive change on behalf of our members. Read about some of the recent victories by our Legal Center, Government Relations, and Political teams.
Policy Victories
Taxes
NFIB created a 20% Small Business Deduction (Section 199A) for all businesses organized as sole proprietorships, S-Corporations, partnerships, and LLCs with taxable incomes up to $170,050 individual/$340,100 joint for tax year 2022. Pass-through businesses with taxable income above the threshold can still benefit from the Small Business Deduction if they are employee-intensive or make capital expenditures. For tax year 2023, taxable income up to $182,100 individual/$364,200 joint is eligible for the deduction.
Fought to remove certain problematic provisions in the Build Back Better Act, such as: limiting the Small Business Deduction (Section 199A); expanding the estate tax’s reach and repealing stepped-up basis; increasing the top capital-gains tax rate to 25%; mandating 12 weeks of paid family and medical leave; mandating employers offer retirement plans; and increasing IRS information reporting of business owners’ account inflows and outflows.
Permanently increased Section 179 small business expensing threshold to $1.16 million from $510,000, and indexed threshold to inflation.
Reduced individual tax rates for many taxpayers using the following rates: 37%, 35%, 32%, 24%, 22%, 12%, and 10%.
Increased individual Alternative Minimum Tax (AMT) thresholds to apply only above $539,900 individual/$1,079,800 joint for tax year 2022. For tax year 2023, the exemption increases to $578,150 individual/$1,156,300.
Reduced and flattened the corporate tax rate to 21% and repealed the corporate Alternative Minimum Tax. NFIB is fighting to restore the 15% tax rate for smaller businesses.
Roughly doubled the standard deduction to $12,950 individual/$25,900 joint for tax year 2022. For tax year 2023, the deduction is increased to $13,850 individual/$27,700 joint.
Provided estate tax relief. The exclusion increased to $12.06 million individual/$24.12 million joint for tax year 2022. For tax year 2023, the exclusion increases to $12.92 million individual/$25.84 million joint.
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Victories In
Legal Victories
Legal Victories
- Legal Center has been called one of the top-ten most influential groups to file briefs in the U.S. Supreme Court by the SCOTUS blog.
- In NFIB v. OSHA, the U.S. Supreme Court issued stay of OSHA’s vaccine mandate, and OSHA withdrew the vaccine mandate following a successful challenge by NFIB.
- A federal court agreed with NFIB’s arguments and permanently enjoined the U.S. Treasury from enforcing the American Rescue Plan Act’s prohibition against states using ARPA funds to lower to taxes.
- In Sackett v. EPA, the Supreme Court agreed with NFIB’s brief that the federal government must follow a new limited test for determining when land contains a “water of the United States” (WOTUS). This decision means fewer construction projects will need expensive federal permits.
- In Glacier NW v. Teamsters, the Supreme Court ruled that a business could sue a union for damages after the striking employees walked out and left concrete running in trucks. NFIB filed a brief in the case arguing that striking workers cannot intentionally damage property without consequence.
Election Victories
Election Victories
- In 2022, the NFIB Fed PAC endorsed 277 U.S. Senate and House candidates, earning an 84% win rate.
- Six NFIB members were newly elected to Congress, bringing the total to 25 members serving in the 118th Congress.
- 2,186 candidates for governor, the legislature, and other state-level offices were endorsed across 39 states. 85% of those candidates were elected. Among them, 245 NFIB members.
Join Us And Take A Stand On Issues That Matter To Small Business
Join Us And Take A Stand On Issues That Matter To Small Business
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