NFIB Weekly News
NFIB Highlights “Major Concerns” With Build Back Better Act In Webinar (01/18/2022)
The Oklahoma Journal Record (1/12, McNutt) reported on NFIB’s Federal Update webinar, saying, “The Build Back Better Act is wounded but not dead and the final version could have serious implications for small businesses. The National Federation of Independent Business highlighted some major concerns during a webinar Wednesday.” NFIB Federal Government Relations Manager Courtney Titus Brooks was quoted saying, “While a lot of very, very problematic tax increases dropped out, we still have a very significant one we are pushing back on.” The Journal Record added, “That is a 3.8% tax increase on active business income over $400,000 for single filers and on over $500,000 for those filing jointly. The threshold is only $13,000 for businesses held in a trusts.” NFIB Vice President of Federal Government Relations Kevin Kuhlman was quoted saying, “Proposed mandates in the Build Back Better Act also have been reduced, including an expansive 12-week paid family and medical leave that was reduced to four weeks per year.”