bold to make it easier to pick them out.
Tax Reform – Call Now
Yesterday, the Senate voted to conference with the House on tax reform. As the debate developed yesterday, the Senate language for pass-throughs — which provides a 23% deduction on qualified business income — seems to be the favored approach. Members from California are also pushing to preserve the State and Local Tax (SALT) deduction for income, as well as property taxes, capped at $10,000. The goal for the GOP Leadership is to merge the separate bills and pass reform through both chambers by the end of the year.
Yes, I know I sound like a broken record. I know that I wrote about the topic last week and the week before. I know you feel like your call won’t matter, but it does. Three California Republican members of Congress voted against the bill in the House: Dana Rohrabacher (R-Costa Mesa), Darrell Issa (R-Vista), and Tom McClintock (R-Elk Grove). You can do two things that are fairly easy. (Yes, bribing you with cute photo of begging dog.)
- Please call your congressmembers.
- Invite your mailing list to a Town Hall.
- Find your Congressmember and input your nonprofit’s (or your) zip code in the upper right corner.
- contact Senator Dianne Feinstein and Senator Kamala Harris.
- Include the provisions in H.R. 3717, the “Small Business Owners’ Tax Simplification Act of 2017.”
- Expand the Volunteer Income Tax Assistance Program (VITA) to include low-revenue entrepreneurs and small businesses.
- Keep the New Markets Tax Credit and of S. 293, the “Investing in Opportunity Act.”
- Oppose provisions that would cripple charities’ and nonprofits’ abilities to serve their communities.
- Do not use tax reform to weaken or repeal the Johnson Amendment, which keeps divisive partisan politics out of nonprofits.
- Keep the deduction of state and local taxes; eliminating the deduction from our federal taxes hurts Californians.
- Make sure the tax reform doesn’t have unintended mistakes that will cost taxpayers.
Give Main Street small business owners a voice during the tax plan process and to help entrepreneurs figure out what the proposals mean for them. Join Businesses for Responsible Tax Reform for a telephone town hall on Wednesday, December 13 at 5:00pm PT // 8:00pm ET to hear how the legislation will impact you and your clients.
Also ask them to sign a letter to Congress that asks for common sense reforms to the outdated tax code. Unfortunately, the proposals before Congress largely benefit big corporations and do little to level the playing field for small businesses.
Resources:
- Read our op-ed published in The Hill – “Tax reform for the growing gig economy” – for a good summary of the proposals we would like to see.
- California Asset Building Coalition and the California Budget & Policy Center hosted “The Current Federal Tax Debate and Implications for California” (click to listen to the webinar).
- National Council of Non Profits has a detailed comparison of the House and Senate tax reform bills.
Net Neutrality – Sign or Join
Net neutrality is the idea that Internet service providers can’t block or favor websites. And the FCC is planning to repeal it next week. Seth Godin sums up the problem nicely.If net neutrality in the US is taken away, everyone will pay more, service will cease to be universal, the poor will lose something they need more than ever, and some lobbyists will be very happy.Also, CAMEO wrote “Small Business Not Neutral on Net Neutrality” why net neutrality is good for small business. The really quick option is to sign the petition to ‘Save the Internet‘ by Fress Press. If you have more time, join the BattleForTheNet.com campaign that has driven 750,000 calls to Congress. Through the website you can call Congress or participate in December 12th’s day of action by posting stuff on your website.