Everyone knows that reforming America’s tax system is among the tougher tasks lawmakers consider every year, which is why our tax code has undergone few significant changes over the last two decades. This slow pace of progress, however, is deeply harmful to small businesses that are consistently held back by tax rules that favor large corporations while hindering small firms. On this Tax Day, I offer politicians a common-sense proposal that would correct this problem: eliminate wasteful corporate loopholes while lowering corporate tax rates in a manner that ensures a net revenue increase to bring down our deficit and fund key programs.
President Donald Trump has said repeatedly that he wants to create a paid maternity leave program. During a recent address to Congress he even went a step further, pledging to work with both parties to craft legislation that would benefit new dads as well as new moms. If the new administration is serious about advancing paid parental leave, it should get behind proposed legislation that would create a national paid family and medical leave program, which small businesses overwhelmingly support based on the results of a new survey. Continue reading
Across the Tar Heel State, small businesses brighten up main streets, drive innovation and provide a paycheck to nearly half of the private sector workforce. In a state that’s known as a research and innovation hub and a basketball powerhouse, entrepreneurs depend on a steady stream of tourists, loyal customers and talented employees to keep their businesses thriving. That’s why the fallout over HB 2, the state’s anti-LGBT law, has been particularly harmful to small firms. While the state legislature passed a replacement measure for HB 2 last week, many entrepreneurs are concerned the new law is just as discriminatory and won’t be enough to bring business back to the state.