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Tax Framework Good for Small Businesses

Wednesday, September 27, 2017
FOR IMMEDIATE RELEASE: Wednesday, September 27, 2017
CONTACT:  Kristofer Eisenla, LUNA+EISENLA media
kristofer@lunaeisenlamedia.com | 202-670-5747 (mobile)

NASE Applauds Plan to Drop Individual Rate, Recognizes Economic Impact of the Self-Employed Business Owner, Encourages a Bipartisan and Transparent Process Moving Forward

WASHINGTON, D.C. – Katie Vlietstra, Vice President for Public Affairs and Government Relations for the National Association for the Self-Employed (NASE), the nation's leading resource for the self-employed and micro-businesses, applauded the tax framework developed by the White House and Republican leaders as reported earlier today by The Washington Post:

“Anytime small businesses can save time and money it is a good day and the tax plan outlined today accomplishes both. We applaud the framework set to be released today, which will help the small business community foster growth in their businesses, save for the future, be more competitive and most of all, put them on a more equal footing with their corporate counterparts both at home and abroad.

"A reduction in the individual rate, combined with the doubling of the standard deduction and expensing capital and equipment investments, will help small businesses reinvest capital to save, grow and expand the life-blood of our nation’s economic engine.  These proposed changes to the tax codes would have a significant impact on the over 27 million self-employed and micro-business owners who file their returns as individuals. We are intrigued with the proposed policy idea of creating a 25 percent pass through rate for sole-proprietors and the acknowledgement in the tax proposal of the importance of the self-employed. The NASE will continue to advocate for parity in the tax code and a match to the corporate tax rate for small business owners.

We look forward to working with the Trump Administration and Congress on a tax plan that works for all of the business community – large and small.  We hope both Republicans and Democrats can work together in a bipartisan and transparent way under regular order to ensure the small business community remains strong.”

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The National Association for the Self-Employed (NASE) is the nation's leading advocate and resource for the self-employed and micro-businesses, offering 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 Next Biz Thing helps identify and connect our nation’s smallest businesses. Need small business help? Check out NASE’s Ask the Experts for advice or the NASE Minute for small business support.

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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