Tax Reform

August 24, 2021 Dear Member of the U.S. House of Representatives: The Small Business and Entrepreneurship Council (SBE Council) strongly opposes the partisan $3.5 trillion budget resolution that will soon be considered by the U.S. House.  The massive package is a tax-and-spend blowout that does not serve the interests of small businesses and entrepreneurs. Higher […]

The tax and spending splurge will make running a small business much more burdensome, not ‘better.’ FOR IMMEDIATE RELEASE Washington, D.C. – As the U.S. House begins to consider voting on the partisan $3.5 trillion budget resolution today, the Small Business & Entrepreneurship Council voiced strong opposition to the tax-and-spend blowout proposal. SBE Council president […]

by Raymond J. Keating – The Biden administration apparently is confused as to how public policy impacts business and the economy. For example, there was the President’s executive order in July that tried to assert that more regulation of business would lead to more competition in the marketplace. That didn’t make any sense (see SBE […]

by Raymond J. Keating – Ben Franklin once said, “Our new Constitution is now established, everything seems to promise it will be durable; but, in this world, nothing is certain except death and taxes.” Unfortunately, various politicians missed the point of this quote, and decided that it would be a dandy idea to join together these two […]

by Raymond J. Keating – Raising taxes as the economy tries to recover from a pandemic is not a smart idea. Small business owners certainly understand this bit of economic common sense. Unfortunately, politicians often lack economic common sense, and hence, we have President Joe Biden and assorted Members of Congress looking to inflict additional […]

by Raymond J. Keating – In my economics career, I have long argued that the capital gains tax is one of the most destructive levies that government can impose. Indeed, it might be the most damaging tax. Why? The capital gains tax is a direct tax on the returns on entrepreneurship and private investment. That […]

NEWS SBE Council Releases New Poll: 83% of small business owners believe elected officials should support tax policies that make it possible to pass on their family business to the next generation FOR IMMEDIATE RELEASE Vienna, VA –  On the heels of the U.S. Senate passing a partisan $3.5 trillion spending and tax blueprint by […]

In a “sneak peek” on a new survey that will be released August 11, SBE Council president & CEO Karen Kerrigan writes that 83% of small business owners believe elected officials should support tax policies that make it possible to pass on their family business. Based on the responses of small business owners in the […]

In an August 9 Washington Times Op-ed, SBE Council president & CEO Karen Kerrigan explains how Democrats would clearly break their “no new taxes pledge” on small businesses in the massive $3.5 trillion spending package currently being advanced in the Senate. The impact would be widespread if they are successful at sneaking parts of the […]

SBE Council supports S. Amdt #3106 to S.Con Res. 14, the Fiscal Year 2022 Budget Resolution, introduced by Senator John Thune (R-S.D.)   SBE Council urges all Senators to vote YES on the amendment.  This amendment would preserve step-up in basis, which is critical to counter efforts underway in Congress to impose an even deadlier Death Tax […]