NASE Throws Support Behind H.R. 6102
The NASE put the full weight of the organization behind H.R. 6102, American's Small Business Tax Relief Act of 2012, introduced by Representatives Gerlach (R-PA) and Kind (D-WI) late last week.
The bill's aim is to help our nation's self-employed and small business owners, by instituting eight permanent tax deductions that not only provided fiscal clarity for the self-employed, but also, provide them with equity in the tax code. The bill clearly signals the intent of this Congress to ensure the viability of America's smallest businesses and will allow these businesses to grow and thrive.
Of the eight provisions included in H.R. 6102, the NASE champions the permanent, full deduction of health insurance for the self-employed. In June 2012 the NASE released its national health care survey, in which 85% of respondents indicated that rising health coverage costs have been detrimental to themselves, their families, their businesses and their “bottom line” over the past three years. Juxtapose this against the fact that in 2011, the number of insured self-employed was at its highest, 77%. And yet, the self-employed pay on average nearly $1,800 in additional taxes that no other business owners face because they simply decided to purchase health insurance. If the self-employed were allowed to fully deduct their health insurance costs as a business expense, the U.S. economy would have roughly $39 billion injected annually that would allow for individuals to re-invest in their business, purchase goods, and hire additional employees.
We are asking all NASE members to call their elected officials and ask them to support S. 2050 (in the Senate) and H.R. 6102 (in the House). Read our "Contact Your Elected Official" tip sheet here.
NASE In The News: Huffington Post
NASE President and CEO Kristie L. Arslan recently weighed in on our survey of micro-businesses after the Supreme Court decision on health care.
As the nation sorts out the details of the Supreme Court ruling on the Patient Protection and Affordable Care Act, and considers the long-term impact of the decision, one thing is clear: the nation’s 22 million self-employed and micro-business owners are still worried about rising health care costs and they want Congress to act.
The National Association for the Self-Employed conducted a survey of our members to gauge reaction to the ruling and to measure support for the next steps in the law’s implementation. Of the nearly 900 respondents to our online survey, 87% said they believe Congress should repeal the entire law, voicing concern that the law’s reform measures do little to address the cost and affordability of purchasing and maintaining health insurance.
Read the rest of the post here.
Is FMCSA’s CSA Program Driving Small Businesses Off The Road?
The House Committee on Small Business will conduct a hearing titled, Is FMCSA’s CSA Program Driving Small Businesses Off the Road? The purpose of the hearing is to examine the Federal Motor Carrier Safety Administration’s (FMCSA) Compliance, Safety, Accountability (CSA) program and its effects on small businesses. The CSA is the federal government’s primary tool to regulate commercial motor vehicle safety. Since the initial implementation of the program in 2010, a number of small businesses in the highway commercial freight industry have identified a variety of issues that they believe call into question the overall accuracy of the program and create disparate effects on small businesses.
Read more about the hearing here.
Washington Watch Online
Visit NASE Advocacy to view archived editions of Washington Watch. While you’re there, read the latest updates from the Washington, D.C. office, write your Congressperson, and find out how you can join the fight for micro-business.