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Big business is a big winner of GOP small business tax plan

The Washington Post

House GOP leaders have hailed their new tax proposals as helping the small-business owner, but small-business associations say they help big enterprises, not small ones, and vowed Tuesday to sink the bill in its current form.

John Arensmeyer, head of the Small Business Majority, said the pass-through provision would benefit only 2 percent of small businesses. And he disagrees with Ryan when the speaker says that small businesses would benefit from the abolition of estate taxes; Arensmeyer said about 20 small businesses a year are big enough to trigger estate taxes.

Black Businesses In Chicago Have Chance At $500,000 Through Online Portal

The Maven

This project is SimpleGrowth, a new online lending marketplace, a combined venture between the national advocacy group Small Business Majority, a national online lender Fundera, and micro-lender Accion.

Get Started: Mixed small business reception for GOP tax plan

CNBC

The GOP's proposed tax overhaul is getting a mixed reaction from small business advocates, with some saying they hope the plan will be revised as it makes its way through Congress.

Small Business Majority CEO John Arensmeyer said, "nearly nine in 10 businesses that pass through their income already pay at the 25 percent rate or less," and said the bill would help wealthy individuals more than small businesses.

Why the Republican Tax Plan Won't Help Small Businesses

Fox Business

Small Business Majority CEO John Arensmeyer joins Stuart Varney on Fox Business to discuss the House's tax plan and its impact on small businesses.

99.1 FM Radio Talk of Small Business Majority

99.1 FM Radio

“Small business organization says 70% of their members say “no thanks” to tax bill. Small Business Majority is the name of this group, John Arensmeyer the founder.”

Tax plan scapegoats small businesses: Letter to the editor

The Oregonian

Small business owners already feel the current tax system unfairly favors big business which was underscored by a recent opinion poll from Small Business Majority. The poll also found small businesses want tax reform to make the system more fair rather than simply handing out tax cuts.

Small business reaction to new GOP tax plan

Fox News

Small Business Majority founder and CEO John Arensmeyer joins the debate.

Trump's tax reform: All the benefits for big business?

Fox Business

The GOP released its tax reform framework on Thursday, which it is heralding as a blueprint to boost growth for U.S. businesses both large and small, but larger corporations appeared more satisfied with the proposals than their smaller counterparts.
 
Similarly, the founder and CEO of the Small Business Majority John Arensmeyer said the bill would drive up the deficit while doing “virtually nothing” to benefit America’s small businesses.

These powerful business groups hate the GOP tax plan

CNN Money

Most small businesses are set up as "pass-throughs," meaning their profits are passed through to the owners, shareholders and partners, who pay tax on them through their personal returns. The GOP tax bill slashes the pass-through tax rate to 25%.
 
However, small business owners fear this won't help the vast majority of them because most already pay taxes at a 25% rate or less. "This proposal would primarily help wealthy individuals rather than small businesses," according to John Arensmeyer, CEO of the Small Business Majority, another advocacy group....

New Online Portal Offers Loans Up to $500,000 to African American Entrepreneurs in Chicago

Black Enterprise

The national advocacy group Small Business Majority, national online lender Fundera, and micro-lender Accion have developed SimpleGrowth, a new online lending marketplace. Calling SimpleGrowth a first-of-its-kind local lending portal, officials say the platform will allow African American entrepreneurs in Chicago to connect with area lenders via a website.

John Arensmeyer, Small Business Majority founder and CEO, says lack of access to capital for small businesses is a major problem and is throttling our economy. “Small business owners represent 99% of employer firms, but many who...

Inside the Tax Bill: Entrepreneurs Are Losers

Inc

About 95 percent of the companies in the U.S. are structured as pass-through businesses. However, to prevent the rate from becoming a loophole for individuals, tax writers created a formula that will make business owners pay a higher individual tax rate on income that they receive as wages. This has angered some entrepreneurs, including the Small Business Majority, a left-leaning advocacy organization, which wrote in a statement that slashing the pass-through rate would help very few owners.

Republican Tax Plan, Small Business on the Hook

Tampa Bay Times

Small business owners already feel the current tax system unfairly favors big business, which was underscored by a recent opinion poll from Small Business Majority. The poll also found small businesses want tax reform to make the system more fair rather than simply handing out tax cuts.

Mnuchin, small business groups clash over tax plan benefits

Fox Business

Additionally, the founder and CEO of the Small Business Majority said the legislation would significantly increase the deficit without bringing any tangible benefits to America’s small businesses.

“Today’s tax proposals are being billed by many as ‘small business tax cuts,’ but as the research shows, they won't actually help the vast majority of small firms,” John Arensmeyer said in a statement.

Small Business Majority says tax bill won't help Main Street

The Green Sheet

In fact, Small Business Majority’s recent scientific opinion polling found seven in 10 small business owners believe their business is harmed when big corporations use loopholes to avoid taxes.

Opinion: House Tax Bill Won’t Save Most Small Businesses Money

AccountingWeb

The following is a statement from Small Business Majority Founder & CEO John Arensmeyer on why tax legislation released today by the U.S. House of Representatives will increase the deficit without helping small firms.
 
The tax legislation released today by Republican leadership in the U.S. House of Representatives may be advertised as a windfall for small businesses, but in reality would be little more than a $1.5 trillion expenditure that would not pay off for Main Street.

53,000 Colorado Women Face Rollback of Birth Control Benefits

Public News Service

A survey of women who own small businesses found that many see access to birth control as a critical factor for career advancement and launching companies. Emily Dewey, outreach manager for the Small Business Majority, which commissioned the poll, said access to affordable birth control is more than a health issue.

Small Businesses Support Equality in Masterpiece Case

Common Dreams

A 2015 poll from Small Business Majority, the Center for American Progress, and American Unity Fund found: Two-thirds of small business owners don’t believe businesses should be able to deny goods or services to LGBT people based solely on their religious beliefs.

Small-business survey: End tax loopholes for big corporations

Business Record

The survey of more than 500 randomly selected small-business owners was conducted on behalf of Small Business Majority, an advocacy group founded and run by small-business owners.

SMALL VS. LARGE

Politico

The lion’s share of small businesses — nearly 85 percent — that responded to a poll for Small Business Majority believe large corporations unfairly benefit from current tax laws compared to smaller companies. But about three-quarters are in favor of a one-time, 10 percent tax on overseas profits booked abroad to avoid the top corporate rate of 35 percent, as long as lawmakers eliminate the so-called lockout effect going forward. Reducing health care costs ranked atop respondents’ wish list for Congress to work on, ahead of taxes. The poll, conducted by Greenberg Quinlan Rosner Research for...

Small businesses need paid leave

The News & Observer

A scientific poll by the Small Business Majority and the Center for American Progress in March of this year showed that a whopping 70 percent of small-business owners support the idea of a policy that would provide employees with access to paid time off for personal or family medical situations. Paid family medical leave also has the support of a large and bipartisan majority of the general American public.

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