With Congress halfway through its month-long August recess, the National Small Business Association (NSBA) is reaching out to constituents to rally the troops on small business issues.
The Washington, D.C.-based NSBA is urging all small-business owners to reach out to their elected officials and urge them to act on key small-business legislation.
The trade association is encouraging its 150,000 members to speak out several key issues. They include:
- Approval of the Small Business Jobs Bill in its entirety, which includes the Small Business Lending Fund and key tax provisions such as the one-year deduction of health insurance costs from self-employment taxes.
- Repeal of the expanded 1099 reporting requirement passed as part of the Patient Protection and Affordable Care Act (PPACA). This provision would require businesses to file a 1099 report on all companies with which they spend more than $600 annually and would dramatically increase the average number of 1099’s filed by small businesses from 10 to 86. “This provision will hamper business-to-business transactions as firms look to ease the new requirement by consolidating business purchases, giving big-box companies a huge advantage over small businesses,” the NSBA said in a statement.
- Passage of legislation to enable credit unions to increase their allowable lending to small businesses.
- Passage of a long-term, small-business friendly reauthorization — similar to the Senate language — for the Small Business Innovation and Research (SBIR) Program. Now operating under its eighth continuing resolution, the SBIR program, considered successful by the NSBA, desperately needs some long-term stability, the group argues.
- Enactment of a permanent estate tax reform to end the ongoing complexity and confusion that has been a thorn in the sides of small- and family-owned businesses.
- Approval of legislation to include small business credit cards in the protections enacted under the Credit CARD Act of 2009.