Washington Watch - July 11, 2012


Washington Watch - July 11, 2012

Statement: One-Year Tax Extension Continues Short-Sighted Policy

President Barack Obama announced he will support a 1-year tax cut extension for earners making $250,000 or less, Kristie Arslan, President and CEO of the National Association for the Self-Employed (NASE) reacted today with weariness over one more temporary fix in the tax code:

“The symbolic approach to leveling the tax playing field for millions of small businesses across the country is appreciated, yet this solution cannot be applied piecemeal to the tax code. Self-employed business owners contribute nearly a trillion dollars to our economy and they need a more permanent solution. Temporary tax provisions do nothing but make for difficult tax planning. Additionally, while we support the idea of the tax cut, we believe that moving the threshold to $1 million would better account for the profits and revenues of the nation’s micro-businesses (10 or fewer employees) and self-employed.  We will continue to work with lawmakers on both sides of the aisle to press for comprehensive tax reform that addresses the inequalities of the tax code for the self-employed.”

Your Voice Matters!

On Monday, the NASE sent out a Legislative Action Alert asking you, our members, to call your U.S. Senators and urge them to support the vote for cloture on S. 2237, the Small Business Jobs and Tax Relief Act, and on Tuesday, the Senate overwhelmingly voted in favor of cloture, 80-14-6. This is an example of the immense power you as a citizen have in petitioning your government and requesting action on legislative issues of importance to you, your family, and your business.

The NASE believes in the importance of having our members participate actively in the organization’s advocacy efforts, here are several ways you can be involved:

  • Call your elected officials directly on legislative issues you think are important;
  • Write a letter or email expressing your opinion on legislative business;
  • Attend events hosted by your elected officials and provide direct feedback;
Most importantly, become an informed voter on the issues impacting the self-employed community by reading Washington Watch and reviewing NASE’s advocacy page on our website.  In the coming weeks, the NASE will launch its Presidential Election webpage that will provide information on both candidates and allow you to learn more about their policies and proposed initiatives that will directly impact the self-employed.  

The NASE advocacy team appreciates your commitment to ensuring that the self-employed voice is heard loud and clear on Capitol Hill and within the Administration.

Tax Ramifications Of Supreme Court’s Ruling On Health Care Law

The Ways & Means Committee hearing focused on the implications of the Supreme Court’s ruling that the individual mandate is constitutional on the grounds that it is a tax and that Congress has the broad power to levy taxes far beyond the historic scope of raising revenue. 

Read more about it here.

Washington Watch Online

Visit NASE Advocacy to view archived editions of Washington Watch. While you’re there, read the latest updates from the Washington, D.C. office, write your Congressperson, and find out how you can join the fight for micro-business.

Courtesy of NASE.org