Small Business Survival

Tax Increase and Mandate Proposals in Washington Could Break The Small Business Recovery

Washington’s latest multi-trillion-dollar infrastructure proposals may target the largest corporations to pay for their spending, but unfortunately, the plans would more heavily burden many of America’s small businesses, family-owned businesses, and farms.

An American recovery depends on the small business recovery. To protect America’s small businesses from new proposed taxes and mandates that could break the fragile small business recovery, NFIB has launched the Small Business Survival campaign.

Congress is considering the following harmful tax increases and new mandates for small business:

  • Limiting the Small Business Deduction (IRS Section 199A)
  • Raising the corporate tax rate from 21%
  • Raising the top income tax rate on individually- and family-owned businesses from 37% to 39.6%
  • Expanding the estate tax’s reach
  • Increasing the top capital-gains tax rate
  • Expanding the reach of 3.8% surtax on small business income over $400,000 for pass-through entities, known as the Small Business Surtax
  • Enacting elements of the Protecting the Right to Organize (PRO) Act
  • Mandating that employers provide paid sick leave and retirement accounts
  • Establishing a complicated and inflexible new federal-government-run family and medical paid leave program

2020 Post Election By the Numbers
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USA TodayHouse Democrats’ Tax Plan is a Disaster for Small Businesses

Published in USA Today on September 21, 2021

Fox BusinessSmall businesses are actively opposing Biden's tax increase proposal

Published by Fox Business on May 29, 2021

The HillDon't gut the small business deduction

Published by The Hill on June 29, 2021

NBC Right NowSpokane family business worried about Biden tax plans

Published by NBC Right Now on August 24, 2021

Phoenix Business JournalMy View: A federal tax hike small business can’t afford

Published by Phoenix Business Journal on August 11, 2021

The Exponent TelegramSenator Manchin, stop tax hikes on small business

Published by The Exponent Telegram on August 8, 2021

Helena Independent RecordSenator Tester’s small business test

Published by Helena Independent Record on August 13, 2021

Fox BusinessSmall business advocacy group launches ‘survival campaign’ against Biden’s policies

Published by Fox Business on May 20, 2021

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