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National Small Business Association Turns to Washington For Action

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An Ambitious Agenda

 

Recently, the National Small Business Association ("the NSBA") released a report detailing its proposed legislative objectives for 2017. The nonprofit organization traces its roots back to 1937, an era when the Franklin Roosevelt Administration had recently passed a number of sweeping "New Deal" measures which significantly impacted businesses across the USA.National Small Business Association Turns to Washington For Action

 

Today networking with more than 150,000 proprietors, the NSBA endeavors to represent entrepreneurs and small businesses nationwide. It maintains optimism the Trump Administration will introduce a number of new legislative programs supported by its membership. Issues ranging from partisanship to tax regulations populate the NSBA's current wish list:

 

A Popular Issue

 

During a recently released survey conducted on behalf of the NSBA, small business owners overwhelmingly reported ending polarizing bickering and inaction in the federal government as their main objective this year. The NSBA hopes to persuade legislators to work closely with members of the Executive Branch in passing new initiatives. That effort will require a restoration of the sense of comity and mutual respect which prevailed in Washington D.C. a generation ago.

 

Today harsh words frequently flow back and forth between leading Democrats and Republicans. While President Trump has chosen to make members of the media his targets of criticism lately, the unseemly 2016 presidential campaign made it very clear the tone in the nation's capital has grown poisonous. Business proprietors on Main Street (and probably most members of the public) hope politicians in Washington D.C. will behave more decently towards one another. They likely approve in large numbers of the recent White House decision to invest energy in conducting a spectacular Governors Dinner this year. By mending fences at a grassroots level, the President could help promote his national agenda.

 

Tax Reform

 

Streamlining tax regulations remains a goal of the NSBA membership this year. In fact, this issue ranked second on the organization's priorities survey.

 

Secretary of the Treasury Steven Mnuchin recently revealed the Trump Administration has already broached efforts to implement a Middle Class tax cut coupled with a simplification of tax regulations to eliminate several deductions. Corporations would pay lower tax rates. The Trump Administration hopes to pass a novel "border adjustment tax" to reward exporting companies and penalize importers as part of the new package, an initiative the Treasury Secretary expects to see pass Congress this August.

 

Controlling Health Care Costs

 

Many small business owners want Congress to address problems with the Affordable Care Act this year, too. The groundbreaking health insurance legislation passed Congress as a key accomplishment of the Obama Administration. Yet the statute has enormously complicated some areas of small business bookkeeping; people answering the NSBA survey rated repealing Obamacare as a high priority for small business owners. This goal ranked third on the list, in fact.

 

Recent public surveys indicate a nearly divided electorate concerning this issue, however. A slight majority of the public (48% to 42% according to a Kaiser Health Tracking Poll) favors Obamacare. The Trump Administration has focused initially on modifying rather than completely eliminating the legislation.

 

Optimism And Uncertainty

 

Whether the Republican-controlled Congress will enthusiastically embrace all of the NSBA's legislative goals still remains unclear as the first month-and-a-half of the Trump Administration draws towards a close. For instance, Obamacare may undergo reforms this year designed to eliminate perceived problems and assist with business transformation for small business owners, rather than a complete overhaul.

 

Nevertheless, the National Small Business Association appears likely to enjoy some legislative victories before the arrival of the midterm elections in 2018. With a libertarian-leaning Republican real estate magnate in the White House, and a Republican majority in both the Senate and the House of Representatives, the NSBA enjoys an excellent opportunity to promote its goals in Washington D.C. this year.

 

 

Lee Flynn is from the Wasatch Mountains near Salt Lake City, UT. After Lee spent years preparing himself, his home and his family, he decided he had to do more. In his free time, Lee helps educate those who want to do the same. Through small local workshops and articles, Lee trains and teaches others on home preparation, food storage techniques, wilderness survival and self reliance. After obtaining a bachelors degree from the University of Utah, Lee moved to the Salt Lake Valley where he now lives with his wife and daughter.

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