National Federation of Independent Business (NFIB) - State
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Recent News About National Federation of Independent Business (NFIB) - State
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NFIB President Brad Close recently discussed the significance of the 20% Small Business Deduction on The Lars Larson Show. During the interview, Close emphasized how this tax provision benefits middle-class small business owners by enabling them to grow their businesses, hire employees, raise wages, and contribute to their communities.
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Jeff Brabant, Vice President of Federal Government Relations for the National Federation of Independent Business (NFIB), testified before the U.S. Senate Committee on Finance at a hearing titled, "The 2025 Tax Policy Debate and Tax Avoidance Strategies." Brabant emphasized the importance of making the 20% Small Business Deduction permanent and presented data highlighting the potential adverse effects on small businesses if Congress does not act.
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The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, released two new reports on September 12, 2024, concerning the potential expiration of the 20% Small Business Tax Deduction at the end of next year. The reports detail the economic impacts if Congress either makes this deduction permanent or allows it to expire.
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Holly Wade, Executive Director for NFIB’s Research Center, testified before the U.S. House Committee on Education and the Workforce Subcommittee on Health, Employment, Labor, and Pensions. The hearing was titled “ERISA’s 50th Anniversary: The Value of Employer-Sponsored Health Benefits.” Wade addressed the significance of employer-provided health coverage for small businesses and the U.S. economy.
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Jeff Brabant, NFIB Vice President of Federal Government Relations, will testify before the U.S. Senate Committee on Finance at a hearing titled "The 2025 Tax Policy Debate and Tax Avoidance Strategies" on September 12, 2024, at 10:00 a.m. ET. Brabant's testimony will focus on advocating for the permanent establishment of the 20% Small Business Deduction to prevent significant tax increases for small businesses.
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Small business optimism decreased in August as uncertainty levels grew
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The National Federation of Independent Business (NFIB), the nation's leading small business advocacy organization, led 50 trade associations in sending a letter to leaders of the House Committee on Small Business. The coalition is requesting legislative action to provide regulatory relief and reduce red tape for small businesses.
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The National Federation of Independent Business (NFIB) released its August jobs report, revealing that 40% of small business owners reported job openings they could not fill, a two-point increase from July. The issue of labor quality as the top operating problem for small businesses also rose by two points to 21%, marking the highest level since January.
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The U.S. District Court for the Northern District of Texas has ruled against the Federal Trade Commission's (FTC) rule banning non-compete agreements, deeming it unlawful. The decision was made in the case Ryan, LLC v. Federal Trade Commission, where the court determined that the FTC's rule exceeded its statutory authority and should not be implemented or enforced.
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The National Federation of Independent Business (NFIB) has filed an amicus brief in the case E.M.D. Sales, Inc. v. Faustino Sanchez Carrera at the United States Supreme Court. The case addresses the standard of proof required to determine if an exemption to employers' overtime pay requirements applies under the Fair Labor Standards Act (FLSA). NFIB collaborated with the U.S. Chamber Litigation Center on this brief.
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The National Federation of Independent Business (NFIB) has issued a statement regarding the impending expiration of the 20% Small Business Deduction. Jeff Brabant, NFIB Vice President of Federal Government Relations, highlighted the potential impact on small business owners if Congress does not act within the next 500 days.
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NFIB Research Center Executive Director Holly Wade joined Bloomberg's "The Close" for an exclusive interview to discuss the results of NFIB’s latest Problems and Priorities survey. Using data from the report, Wade analyzed how uncertainty over future economic conditions continues to impact small business owners in how they operate their businesses and prepare for the months ahead.
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The National Federation of Independent Business (NFIB), a prominent small business advocacy organization, has launched a new national advertising campaign across 24 states. The campaign includes targeted radio, digital, and video ads urging Congress to pass the Main Street Tax Certainty Act to make the 20% Small Business Deduction permanent.
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The National Federation of Independent Business (NFIB) released the 11th edition of its quadrennial report, Small Business Problems and Priorities. First published in 1982, this report is issued every four years by the NFIB Research Center. The 2024 report is based on a nationwide survey of small business owners, providing a comprehensive guide to 75 issues and their impact on Main Street.
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Inflation remained the number one operating issue for small business owners in July.
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Small businesses are feeling optimistic about future business conditions
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The Washington Times published an op-ed by Jeff Brabant, NFIB’s Vice President of Federal Government Relations, addressing the detrimental effects of the Corporate Transparency Act’s (CTA) beneficial ownership (BOI) reporting requirements on small businesses. Brabant articulates that the mandate, which compels small business owners to register their personal information with the Financial Crimes Enforcement Network (FinCEN), imposes an undue burden on Main Street enterprises.
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NFIB Jobs Report: Main Street Compensation Plans Fall As Labor Costs Grow
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The National Federation of Independent Business (NFIB) has submitted an amicus brief to the U.S. Supreme Court in the case City and County of San Francisco, California v. Environmental Protection Agency (EPA). The case examines whether the Clean Water Act (CWA) permits the EPA or an authorized state to enforce generic prohibitions within National Pollutant Discharge Elimination System (NPDES) permits, which could hold permit holders accountable for water quality standard violations without specifying discharge limits.
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The U.S. Supreme Court recently concluded its 2023-2024 term, which included several rulings significantly impacting small businesses and the Main Street economy. The National Federation of Independent Business (NFIB) participated by filing amicus briefs in 12 cases, five of which were decided in favor of small businesses, including a pivotal ruling that overturned Chevron.