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Small Biz To Congress & Obama: Don't Forget The Self-Employed

Thursday, July 07, 2011

For Immediate Release: Contact:  Kristin Oberlander
(202) 466-2100
koberlander@NASEadmin.org
Twitter: NASEtweets

Any Debt-Ceiling Plan Should Ensure Fairness For All Small Businesses

Washington, D.C. – As President Obama meets with Congressional leaders to negotiate a potential debt-ceiling plan, Kristie Arslan, Executive Director of the National Association for the Self-Employed (NASE), released the following statement urging policymakers to keep the 78 percent of the small business community represented by the self-employed and micro-businesses in mind as they consider measures to give employers a break under the Federal Insurance Contributions Act (FICA).
"America's small businesses have to balance their books if they want to survive and they expect Congress to do the same," said Arslan. "Now that policymakers are negotiating a debt-ceiling deal that may include major tax reforms, including extending the payroll tax break, the majority of small businesses - self-employed and micro-businesses - expect Congress to ensure they aren't left out. Now is the time for lawmakers to put aside partisan politics and make the same kind of tough decisions that small business owners make every day.
"Rather than worrying about the political consequences of their actions, Congress and the Obama administration should ensure that any new tax relief does not exclude the self-employed. "
The self-employed contribute to their payroll taxes through the self-employment tax, paying the same amount as the combined employee/employer FICA contribution. The 2011 Obama tax cuts gave the self-employed a break on the employee half of their self-employment tax liability, but Congress will need to specifically include them in the current deal to ensure they get a break on their employer half, too. Arslan recently posted a Huffington Post piece on the payroll tax effect on the small business community. 



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 website at NASE.org.


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