President Biden's recently proposed budget includes trillions of dollars in tax increases targeted at small and family-owned businesses.
Several of the harmful proposals include raising the top rates paid by pass-through businesses, increasing Net Investment Income Tax, making harmful loss limitation rules permanent, imposing a new minimum tax on larger family businesses, and doubling the tax rate on capital gains. These policies would raise top marginal tax rates from 29.6 percent to 57 percent (or even higher when factoring in state taxes).
Take action today to let your representatives in Congress know why they should oppose these harmful proposals.
If you have questions about the proposed new taxes, email Chris Czarnecki, ACCA's director of government relations & advocacy, at email@example.com or call 703-575-4477.TAKE ACTION