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NASE Attends Obama Discussion On Small Business And Economy
May 22, 2009
Running a Business "Impressive In Any Year - But It's Especially Impressive
This Year," President Say Washington, D.C., May 22, 2009 -- President Barack Obama recently met with the National Association for the
Self-Employed (NASE) and the National Small Business Award winners to
discuss how the Administration's economic recovery efforts will benefit
entrepreneurs. President Obama implemented initiatives earlier this year to make
small business lending more attractive to financial institutions that have
tightened their belt on credit and loans since the financial crisis.
Earlier this year, the Administration gave a shot in the arm to
financial institutions and borrowers by raising guarantees on SBA loans to 90
percent and eliminating various borrower and lender fees. The President's budget
proposal reduces the capital gains tax for investments in small or startup
businesses and offers additional small business tax cuts.
"The place
where you set up shop often isn't just your business address, but it's also your
hometown, and sometimes it's your home. And I know what you do to give back --
sponsoring sports leagues and service projects, serving on boards, donating to
charities, mentoring other small business owners to help them be as successful
as you are," the President said. "So with all that you do for this nation, I
think our nation's government should be there to support you -- to help you grow
and expand and succeed."
The Administration has said that passing health
care reform this year remains a top priority, since it would make coverage more
affordable for all Americans and, especially, small business. Based on the
NASE's 2008 health study, only one in five micro-businesses nationwide are
currently providing employer-based coverage to full-time employees. The business
owners cite the high cost of obtaining coverage as a major factor in that
decision. Read remarks from the White House ceremony here.
"We look forward to assisting the President in
his efforts to make doing business less costly for the nation's 22 million
self-employed business owners," said Kristie Arslan, executive director
of the NASE legislative office. "In particular, the NASE supports attempts to
offer more affordable options for health care."
The NASE advocates for a
self-employment tax deduction on health insurance premiums, health care tax
credits and the expanded eligibility requirements that would allow the
self-employed to participate in health reimbursement arrangements (HRAs). These
small changes would drastically increase health care options for
micro-businesses and the self-employed.
The NASE also continues to
promote the development of tax compliance education programs, as well as more
straightforward tax regulation in order to make filing tax forms less
burdensome. In a March online member poll conducted by the NASE, micro-businesses indicated that
simplification of the current tax system, including the minimization of tax
forms and creation of easy-to-understand instructions, was a top desire for
entrepreneurs.
Visit the Advocacy Web site to learn more about the NASE's legislative
priorities.
About the NASE
The National Association for the Self-Employed (NASE) is the nation's leading resource for the self-employed and micro-businesses, bringing a broad range of benefits to help entrepreneurs succeed and to drive the continued growth of this vital segment of the American economy. The NASE is a 501(c) (6) nonprofit organization and provides big-business advantages to hundreds of thousands of micro-businesses across the United States. For more information, visit the association's Web site at www.nase.org.
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Press Releases
- NASE 2012 Member Council
The National Association for the Self-Employed (NASE) is pleased to announce the 2012 Member Council, which met in Washington, D.C. May 2nd -4th. The council’s purpose is to serve as a sounding board for NASE leadership regarding programs, services and benefits that could help make NASE Membership an even greater value to micro-business owners and the self-employed.
- House Follows Senate And Introduces Small Business Tax Extenders Bill
The NASE’s efforts to introduce companion language in the House of Representatives mirroring the Senate introduced Small Business Tax Extenders Bill was met today by Representatives Gerlach (R-Pa.) and Neal (D-Mass.) who introduced the bipartisan House measure.
- NASE To Congress: Extend Expiring And Expired Small Biz Tax Cuts
Today, the House Ways and Means Committee is holding a hearing on the exploration of expiring tax cut for small business owners. The NASE took this opportunity to submit a statement for the record regarding the importance of the continuity of these tax benefits.
- JOBS Act To Be Signed By President Obama
Today, President Obama will sign H.R. 3606, the bipartisan JOBS Act, a package of bills aimed at supporting small business and start-up growth. In a rare bipartisan moment, Senate and House leaders moved relatively quickly to pass the act after President Obama acknowledged his support of the package during his State of the Union speech in January.
- Last Minute Small Business Tax Tips From NASE National Tax Advisor, CPA
Small-business owners who have put off doing their 2011 tax return so far this year have less than a week until Tax Day. The National Association for the Self-Employed (NASE) has one piece of advice – don’t panic.
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