The REST Act Supports Small Businesses! (H.R.3725)
The SBAC is strongly supporting legislation filed by Representative Newman designed to cut taxes on entrepreneurs and small businesses across the country. The Relief and Equity for Small Businesses through Tax (REST) Act adjusts Section 199A of the Internal Revenue Code to increase the deduction of qualified business income from 20% to 25% for business owners making less than $100,000 in taxable annual income.
Simply put, this means entrepreneurs that generate less than $100,000 in income will pay fewer taxes so they can grow their businesses.
Read Congresswoman's Marie Newman's Press Release HERE.
Rebuilding Lives and Businesses Press Conference with A Safe Haven and SBAC
The Small Business Advocacy Council and A Safe Haven have partnered up in the fight to Rebuild Lives and Businesses. The COVID-19 pandemic is causing people to lose their jobs, livelihoods and their homes. The situation is tragic. Small businesses continue to struggle. With winter coming and the pandemic showing no signs of waning, small businesses…
What can politicians do right now to help businesses?
With the resurgence of COVID-19 cases, we need politicians to support the small business community now. The SBAC’s Elliot Richardson explains some things politicians can do right now to help in his Business Ledger article! Read Article
501(c)(6) Relief
Stimulus for 501(c)(6) Organizations Small businesses, nonprofits, and chambers of commerce across the nation are struggling to stay afloat during the COVID-19 pandemic. While the CARES Act included relief for 501(c)(3) organizations, 501(c)(6)s were inexplicably excluded from this important legislation that would have provided significant aid to these crucial nonprofits, including local chambers of…
