NFIB awaits outline of plan to lower rates for businesses of all sizes and structures
SACRAMENTO, Calif., April 26, 2017 – In anticipation of President Trump’s impending tax reform plan announcement, NFIB California State Executive Director Tom Scott issued the following statement on behalf of our 22,000 dues-paying small business members:
“We applaud President Trump for continuing to push for tax reform that would provide relief to businesses of all sizes and structures. Small businesses account for nearly half of the economy and nearly half the jobs. If the goal of tax reform is to boost the economy, then tax reform must start with small business.
“The President’s proposal for rate parity would make American businesses immediately more competitive. A low, single business tax would supercharge the economy, and create an even playing field for small businesses and large corporations. We are very happy that the White House has listened to small businesses.
“We also urge the California Legislature to embrace impending federal tax reform. There are currently legislative proposals which would reinstitute certain taxes in the event that Washington removes these tax burdens. Rather than serve as a roadblock to anything from the Trump Administration, California lawmakers should welcome tax relief from Washington and help make California more affordable and competitive for job growth.”
For more than 70 years, the National Federation of Independent Business has been the Voice of Small Business, taking the message from Main Street to the halls of Congress and all 50 state legislatures. NFIB has 350,000 dues-paying members nationally, with over 22,000 in California. NFIB annually surveys its members on state and federal issues vital to their survival as America's economic engine and biggest creator of jobs. To learn more visit www.NFIB.com/california