NASE News

State of the Union - Small Business Reaction

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CONTACT:  Kristofer Eisenla, LUNA+EISENLA media
kristofer@lunaeisenlamedia.com | 202-670-5747 (mobile)


Nation’s Leading Self-Employed Association Urges Administration and Congress to Support America’s Small Business Community

Applauds New Tax Reform Law Going into Effect This Year; Encourages Bipartisan Cooperation on Improving Small Business Climate

WASHINGTON, D.C. – As President Donald J. Trump addresses Congress during his State of the Union Address, the National Association for the Self-Employed (NASE), the nation’s leading advocate and resource for the self-employed and micro-business community, today offered the following reaction urging the Administration and new Congress to work together to continue to improve the small business climate in the United States.

The following statement is from Keith Hall, NASE President and Chief Executive Officer.

“The new tax reform law going into full effect this year is an enormous benefit to America’s self-employed and micro-business community nationwide.  Due to this new tax law, millions of small business owners in every city and town across the country will save time and money with a new simplified tax filing system.  The new tax reform package is another step closer to additional simplification of the tax code, allowing the small business community the ability to save, grow and expand. As the economic engine for the middle-class that provides a boost for our economy, they deserve a tax code that boosts growth.

“Complimented with a host of beneficial updates, the new tax code supports our entrepreneurs with key enhancements like the doubling of the standard deduction, a lower individual rate – where the majority of self-employed small businesses file - and the elimination of unnecessary and time-consuming itemized procedures.  Simplification means freeing up additional time for entrepreneurs to reinvest in their small businesses and keep more of their hard-earned money.

“After a devastating government shutdown that paralyzed small businesses by creating unnecessary uncertainty, many were left confused about IRS refunds and tax obligations, unable to get loan assistance, and were on the frontlines of a lack of sales from regular customers unable to support them. With a new tax system being implemented this year, small businesses must be supported and given guidance; not backs turned on them by our policymakers.

“The Administration and Congress must work together to address the remaining small business issues that could help improve the business climate. From addressing the health care crisis to advancing additional tax reform items and reducing burdensome regulations, the small business community is counting on bipartisan cooperation and common ground when it comes to their issues.”

Late last year, Hall penned an op-ed illustrating the impact the new tax system arguing that more American small businesses must educate themselves about how to make the new system work for them.

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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’sAsk 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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