Main St Certainty Act
This Bills aims to make Qualified Business Income (QBI) deduction(20% deduction for pass-through) permanent.
The Tax Cuts and Jobs Act (TCJA) of 2017 was signed by President Trump but expires December 31, 2025.
This tax relief helped many small businesses through the covid economic downturn and continues to give small businesses tax relief.
GoBigSmallBiz supports HR4721 which makes the tax deduction permanent. This is an essential tax benefit for small businesses not only through covid economic down turns but to combat today’s inflation and financial strain. If the TCJA is allowed to expire it could stifle growth and job creation.
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Other legislation that could impact your business
HB 8147 would Repeal the Corporate Transparency Act.
Vote Yes on HB 8147
Several bills are in the House or Senate proposing Pennsylvania raise the mandatory minimum wage anywhere from $15–$21 an hour.
Go Big Small Biz Network opposes this legislation as it will drive up the already untenable costs facing small business employers and ultimately, put those who need low-skill jobs out of work.
“Keystone Saves” is a proposed state-backed program that would mandate employers to enroll their employees into an IRA (Individual Retirement Account) with the hope that employees would contribute to the account and rely on it for retirement.
Go Big Small Biz Opposes this legislation as an impractical solution to address the lack of retirement savings in the workforce and will unfairly burden small business owners who are more likely to not have a company sponsored retirement plan.
A mandated payroll deduction directly from employee wages, equivalent to the cost of an almost 20% increase in the state personal income tax and requires that employers offer up to 20 weeks of leave.
Go Big Small Biz Network Opposes this legislation as employers should be free to set leave policies that balance the interest of employees and the sustainability of the business as a whole.
Proposed legislation that would require a reduction of the standard workweek for businesses with more than 500 employees from 40 hours per week to 32 hours per week without a reduction in pay for workers.
Go Big Small Biz Network opposes this action as government overreach as it could increase employer costs by up to 20% and create an employee shift from small business to big business.
This Bill could prohibit employers from classifying works as independent contractors.
Go Big Small Biz Network opposes this government overreach into our small business community.