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PRESS | Small Business Reaction to State of the Union

"...calling focus to entrepreneurship and the ability for Americans to start, run and grow their own business is certainly welcome."


FOR IMMEDIATE RELEASE | March 7, 2024

 CONTACT | Molly Day

202-552-2904 | press@nsba.biz

 

Washington, D.C. – President Joe Biden delivered his official State of the Union Address last night where he highlighted his administration’s efforts on

 

Below is a statement from NSBA President and CEO Todd McCracken:

 

“I applaud President Biden’s emphasis on the economy and the critical role small business plays in it. The President called every American small business “…a literal act of hope,” a truth that every entrepreneur in the nation understands And while he gave unions more credit for building America than he did small business keeping our communities thriving, his calling focus to entrepreneurship and the ability for Americans to start, run and grow their own business is certainly welcome.

 

“President Biden also highlighted the importance of a fair tax system, and I couldn’t agree more. One of the biggest burdens small businesses face when it comes to federal taxes is complexity. The ever-growing web of tax sunsets and expirations makes navigating federal taxes nearly impossible to navigate.

 

“It is critical that policymakers understand the differences between small and large business. I urge the administration and lawmakers to seek small-business input on any kind of new regulation or policy that will impact small business. Furthermore, I urge all policymakers to take action to solve the biggest issues facing our members: repeal and delay the Corporate Transparency Act; pass legislation to extend the tax cuts that will end next year for the majority of small businesses; and avoid government shutdowns which harm countless small businesses.

 

“I look forward to continuing our work with the Biden administration in providing insight and perspective from America’s small businesses as policymakers move forward on these important topics.”

 

Please click here for more on NSBA’s priorities for policymakers in Washington, D.C.

 

Celebrating 85 years in operation, NSBA is a staunchly nonpartisan organization advocating on behalf of America’s entrepreneurs. NSBA's 65,000 members represent every state and every industry in the U.S., and we are proud to be the nation’s first small-business advocacy organization. Please visit www.nsba.biz or follow us at @NSBAAdvocate.

 

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