NSBA Leadership Council Priorities for the 118th Session of Congress
Expand Expiring Tax Cuts
Extend the temporary provisions under the Tax Cuts and Jobs Act (TCJA) that are set to expire in 2025 to prevent a significant tax increase on small businesses.
Support Robust Small Business Contracting
Implement reforms and policies that promote increased small business participation in the federal marketplace.
Rein in the Costs of Health Care
Pursue comprehensive health care reform to reduce costs, provide universal access, improve quality, and eliminate wasteful practices.
Improve Access to Capital
Expand lending opportunities and protect existing lending programs to ensure small businesses can start, run, and grow in the current economic climate.
Repeal the Corporate Transparency Act
Repeal the CTA, which requires small businesses to report significant private data to the IRS, as it unfairly targets small businesses.
Enact Tax Reform That Prioritizes Simplification
Simplify the tax code for small businesses to create stability and predictability in tax laws and achieve parity in the treatment of different business forms.
Improve Workforce Access & Training
Ensure hiring is not hindered by unnecessary regulations and promote policies that enhance employee skills and training.
Prevent IRS from Targeting Small Business
Ensure that the $80 billion allocated for IRS enforcement does not unfairly penalize small businesses for inadvertent mistakes and prioritize compliance assistance.
Reform the U.S. Immigration System
Seek bipartisan compromise to pass necessary immigration reform to address the labor shortage and support small businesses.
Strengthen the SBA Office of Advocacy
Nominate and quickly confirm a Chief Counsel for the SBA Office of Advocacy and provide sufficient resources for its operations.
These priorities aim to create a more favorable environment for small businesses by addressing critical issues related to taxation, healthcare, access to capital, workforce development, and regulatory reform.
