Our latest podcast guest is Kevin Kuhlman, Vice President of Federal Government Relations at the National Federation of Independent Business (NFIB). Kevin kicks things off by recapping his testimony before the House Financial Services Committee, and explains how the Corporate Transparency Act’s reporting rules will saddle the small business community with unprecedented compliance costs and the threat of hefty fines and jail time, while doing virtually nothing to combat illicit activity. Later he discusses the strong show of support in the House for Rep. Lloyd Smucker’s Section 199A permanence bill, the Main Street Tax Certainty Act (H.R. 4721); how small businesses have been harmed by the new R&D expensing regime; and the prospects for a big tax package sometime this year.
This episode of the Talking Taxes in a Truck podcast was recorded on July 21, 2023, and runs 26 minutes long.