Advocacy

In Support of Small Business

You have a business to run, so the team at SBAM constantly monitors issues affecting small business so you don’t have to.  SBAM also helps to give you and other small business owners a voice in the democratic process by connecting members with influential policymakers.

You can help protect your small business and help bolster Michigan’s entrepreneurs by getting involved today.

SBAM has an easy way for you to contact your elected officials. Take action now and voice your support for small business by:

  • Contacting your legislators
  • Examining voting records   
  • Locating your elected officials
  • Tracking key issues
  • Learning about elections

Policy Agenda

SBAM recently released its Small Business Policy Agenda. Download your copy here.

 

Latest Legislative News

So, what's the 'fiscal cliff'?

Article courtesy of COSE

As the 2012 election comes to a close, lawmakers will return to Capitol Hill to deal with potential tax increases and automatic spending cuts. If Congress does not tackle these issues by the end of 2012, individuals could see their tax bill increase.   

Much has been said about the "fiscal cliff," but what really is the fiscal cliff? The term, "fiscal cliff" refers to pending tax increases from expiring tax cuts at the end of 2012 and automatic spending cuts passed in the Budget Control Act.  Below are details related to the potential tax increases and automatic spending cuts. 

Potential Tax Increases

If Congress does not act between now and December 31, the following tax cuts will expire:
  • Individual tax rate brackets will increase to pre-2001 rates of 15 percent, 28 percent, 31 percent, 36 percent, and 39.6 percent.  Currently, individual tax rate brackets are 10 percent, 15 percent, 25 percent, 28 percent, 33 percent and 35 percent.
  • Tax rate on capital gains and qualified dividends will increase to 20 percent and 39.6 percent. Currently, the tax rate is 15 percent. 
  • Child tax credit will decrease to $500 from its current $1,000 credit.
  • Estate tax exemption and tax rate return to $1 million and 55 percent from the current exemption of $5,120,000 and 35 percent. 
  • The Alternative Minimum Tax (AMT) patch expires. 
  • The extended payroll tax cut expires. Congress extended the payroll tax cut for 2011 and 2012.  
Automatic Spending Cuts

In August 2011, Congress passed the Budget Control Act, "debt ceiling bill," which raised the United States' debt ceiling limit and created a Joint Committee with 12 members of Congress (three Democratic Senators, three Republican Senators, three Democratic Representatives and three Republican Representatives) to create a $1.2 trillion dollar deficit reduction plan.

If the committee failed to reach an agreement and provide recommendations to Congress, automatic spending cuts (called Sequestration) would reduce the deficit by 2.7 percent. The spending cuts would be equal amounts of defense and non-defense spending. Federal programs exempt from the automatic cuts include Social Security, veterans' benefits, Medicaid, the Children's Health Insurance Program (CHIP), unemployment benefits, Temporary Assistance for Needy Families (TANF) and Supplemental Nutrition Assistance Program (SNAP).  Medicare payments to Medicare providers are included in the automatic spending cuts, but capped at two percent.  In August 2011, the Supercommittee failed to report any recommendations to Congress on deficit reduction 2011.

Exclusive election analysis from a small business perspective! Today on Business Next.

Tune in today at 10am (repeats at 3pm and 8pm) on the Michigan Business Network.

Michael Rogers talks with Small Business Association of Michigan President and CEO Rob Fowler about the impact that small business had on the ballot proposals, state House races and other election events. Also on today’s show, Crain’s Detroit Business recently named Lansing-based Accident Fund Insurance Company of America as the number one cool place to work in Michigan. Michael interviews Darcy Kerr,  VP of Human Resources for the Accident Fund. And, from the Making It In Michigan Conference, Michael interviews Nipa Shah, owner of Kraveten, a maker of Indian-spice flavored snacks.

SBAM salutes voters for defeating Proposals 2, 3 and 4

SBAM today praised voters for rejecting Proposals 2, 3 and 4. “Michigan citizens demonstrated that they are understandably reluctant to cement into the state constitution controversial policies that should properly be debated in the legislature by elected representatives,” said SBAM President and CEO Rob Fowler. “Small business owners hope lawmakers will take the election results to heart and turn their focus to finding positive, constructive ways to continue growing Michigan’s economy.”

Fowler said that all three proposals were pushed by well-funded special interests that had little concern for the general welfare of the state. “These special interests wasted tens of millions of dollars on misleading, negative and divisive advertising. It’s gratifying to see that voters soundly rejected this narrow focus on the needs of the few over the needs of the many. As job providers, small business owners look forward to working with our elected leaders to craft pro-growth policies that benefit all people in our state,” Fowler said.

SBAM’s election week perspective and advice.

Tune in at 10am, 3pm or 8pm on the Michigan Business Network.

Today on Business Next, an election week perspective from Dave Jessup and Mike Marzano of the Small Business Association of Michigan’s government relations department. Also on today’s show: Connecting your small business job openings with female veterans. Interview with Debbie Frett of the Business and Professional Women’s Foundation; Understand how to use Section 179 deductions in your small business. Details from financial advisor Julius Talley; Carl Zablotny, public relations manager for Allegiant Air, talks about the expansion of this low-cost airline and the benefits to Michigan’s economy; From the 5th annual Making It In Michigan conference in Lansing, Michael Rogers gets lessons of entrepreneurial success from John Spillson, producer of Greek Rice Pudding;  and Kent Casella of Michigan State University talks about crisis communications in a small business operation.

Join Gov. Snyder Nov. 1 in Sterling Heights to help defeat destructive ballot proposals

This week, Gov. Snyder is traveling across Michigan in order to spread the word about the proposals on the Nov. 6 ballot. His message? "Yes" on Proposal One and "No" on the rest. SBAM President and CEO Rob Fowler joined the governor on the bus tour to help reinforce SBAM’s “Vote No!” policy positions on Proposals 2, 3 and 4.

Small business owners are invited to help the effort by attending a Nov. 1 event at 9:45 a.m. at Penna's of Sterling - 38400 Van Dyke, Sterling Heights. An RSVP is required at www.govsnyderbustour.com and a photo ID is required at event check-in.

Meet Rep. Ray Franz

The Small Business Association of Michigan invites small business owners to participate in a Small Business Roundtable with Rep. Ray Franz and SBAM President and CEO Rob Fowler on Thursday, Nov. 1 at 12 pm to discuss the impact state government reforms have had on small business growth over the past year. The event will take place at the Bungalow Room in Manistee, located at 1100 28th Street. Please contact SBAM Director of Government Relations Dave Jessup at dave.jessup@sbam.org to RSVP.

 

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