NASE News

NASE Continues to Push for Comprehensive Tax Reform (NASE)

On April 9, 2014, the NASE submitted a statement to the House Small Business committee regarding their hearing on "The Biggest Tax Problems for Small Businesses."

In the statement, the NASE reiterated its call for comprehensive tax reform in order to address the inequity faced by the self-employed and micro-business, "At present, there are roughly 27 million small businesses nationwide, ranging from 1 to 499 employees and of those, 23 million are identified as self-employed, accounting for more than 78 percent of the entire small-business community.  These self-employed businesses generate roughly $950 million dollars annually in sales (2010 Non-Employer Statistics, U.S. Census Bureau). The majority of the self-employed, roughly 56 percent, have their business organized as a sole-proprietorship.  Thus, any significant tax reform in the corporate area will have little if any impact on the self-employed."

Full text of the NASE letter.