The Biden Administration’s 2023 budget was announced on March 28 including plans for the “Build Back Better Act” to be passed this year along with several other harmful small business policies.

NFIB is fighting to repeal a 2021 law that further complicates small businesses’ tax-related administrative burdens and IRS reporting. The law requires organizations such as PayPal, Venmo, Cash App, and online marketplaces like Etsy and eBay to issue a federal 1099-K tax form when sales transactions total $600 or more in a year.

In both state and federal courts, the NFIB Small Business Legal Center serves as the voice of small businesses in the nation’s courts. Recently, NFIB filed amicus briefs supporting plaintiffs who have challenged government overreach.

With NFIB’s support, several state governments are passing along their surpluses to residents and small businesses in the form of income tax breaks.

Throughout 2021 and into 2022, historically high numbers of small business owners have reported that they have unfilled job openings. That trend continued in March, with more and more owners increasing compensation.