Pass-Through Loopholes Provide a Windfall to Wealthy Tax Avoiders, not Main Street

Through backroom deals and a vote in the dark of the night, Senate Republicans passed their version of the Tax Cuts and Jobs Act (TJCA) last week.  They only provided Democrats with the revised bill, which contained significant changes from the previous draft, hours before the vote, complete with handwritten edits that ran off the pages.  One of the eleventh-hour changes was a reduction in the pass-through rate.

Read more

Small businesses respond to the increased pass-through deduction in Senate tax bill

In response to Senate Republicans increasing the deduction for pass-through businesses from 17.4% to 23% in the negotiations over the Senate tax bill, Amanda Ballantyne, National Director of the Main Street Alliance, a national network of small business owners, released the following statement:

 

Read more

More than 1,500 Small Business Owners Deliver Letter to Congress Opposing the GOP Tax Bill

Hours ahead of a critical vote in the Senate, more than 1,500 small business owners from around the country delivered a letter to Capitol Hill opposing the Republican tax bill, calling instead for strong investment in communities and healthcare.

Read more

TAX PRESS CALL: Sen. Wyden & small businesses on tax bill

For Immediate Release
Tuesday, November 28, 2017 

Contact:  
Angela Simaan | angela@mainstreetalliance.org



TAX PRESS CALL:
Ahead of vote, Senator Ron Wyden and small business owners discuss Senate tax bill 

WASHINGTON, DC -- Ahead of the expected vote in the Senate, Senator Ron Wyden, Ranking Member on the Senate Finance Committee, will join small business owners from Oregon, Arizona, Maine, and Iowa for a press conference by phone. Discussion will focus on the long and short-term impacts of the tax bill for small businesses and their communities.

Read more

Small Business Speak Out Against House Tax Cut Bill

WASHINGTON, DC – Main Street Alliance Small business owners across the country are voicing their opposition to H.R. 1, the House tax bill that passed today:

Read more

Sen. Warren, small business owners say: Stop pretending tax plan helps small business

Senator Elizabeth Warren and Main Street Alliance small business owners held a joint event at the Center for American Progress today called “Small businesses and America can’t afford the Republican Tax Deal.”

Read more

Small Businesses and America Can’t Afford the Republican Tax Deal

The House Republican tax plan will hurt America’s small businesses. While giant corporations receive huge tax giveaways under the House Republican plan, the vast majority of American small businesses get nothing, making it even harder for them to compete. Meanwhile, the plan would explode the national debt, giving congressional Republicans an excuse to slash key investments in infrastructure, education, and critical programs such as Medicare and Medicaid—placing even more strain on communities and the small businesses that serve them. Small business owners need strong public investments in their communities, which help create resilient and sustainable local economies that enable small businesses to thrive.

 

Read more

House Tax Bill is a Sleight of Hand for Small Business

WASHINGTON, DC – In response to the House tax bill released today, Amanda Ballantyne, National Director of Main Street Alliance, a national network of small business owners, released the following statement:

Read more

New Report Examines Small Business Lending Disparities

Small businesses in low-income and minority communities struggle to obtain bank loans, unlike businesses in predominately white, high-income areas

LINK TO REPORT

Read more

ICYMI: Small Businesses Support Equality in Masterpiece Case

Small business owners overwhelmingly agree: discrimination is bad for business

Small business owners joined together today to send a clear message that businesses open to the public must serve all. Main Street Alliance, the American Independent Business Alliance, the San Francisco Chamber of Commerce, and the Seattle Metropolitan Chamber of Commerce submitted the brief in the Masterpiece Cakeshop vs. Colorado Civil Rights Commission case today, and collectively represent more than 61,000 small businesses across the country. The brief argues that nondiscrimination laws – which enjoy strong support among small business owners – are fundamentally good for business and essential to the communities in which businesses operate.

Read more

connect

get updates