At a roundtable event on Thursday, President Biden unveiled a new White House report that touts a “small business boom,” and attributes this success to his administration’s economic strategy.

The timing of the event was a bit odd – the Commerce Department had just released its first quarter GDP estimates, showing the economy shrank by 1.4 percent, and businesses continue to face rampant inflation, job shortages, and supply chain disruptions. So what’s this “boom” the President is bragging about?

In framing its success, the White House report leans heavily on 2021 job figures:

Under the Biden-Harris Administration, small businesses are …

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The progressive case for raising taxes is premised upon two arguments – 1) income shares are increasingly concentrated at the top and 2) the Tax Cuts and Jobs Act (TCJA) reduced taxes for the wealthy and corporations at the expense of everybody else.

The first premise is simply wrong, as demonstrated most recently by new research by Phillip Magness and Vincent Geloso.  This paper lands on top of a growing pile of analyses (see here, here, here, and here) showing that the work of French economists Piketty and Saez is deeply flawed and should not be …

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S-Corp and NFIB hosted their second annual Main Street Tax Summit yesterday – a virtual event focused on tax policy issues faced by individually- and family-owned businesses.

Senator Kyrsten Sinema (D-AZ) kicked off the event with the keynote address. In her remarks, the Senator highlighted the challenging environment for Main Street businesses and made clear that she would continue to speak up on behalf of millions of small businesses:

In December, while Senate leaders were working to negotiate to make needed changes to the reconciliation bill, it became clear that the package in …

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With the DC tax press continuing to pester Senator Joe Manchin about the BBB’s prospects (response:  still dead) we thought we’d revisit yet another reason Congress should leave the BBB behind – inflation.

Inflation has exploded in the past year. As this survey from NFIB shows, the issue went from “also-ran” status to the #1 business concern almost overnight.

Meanwhile, the American people believe the BBB’s tax hikes are inflationary.  In our survey last year, nearly two-thirds of respondents agreed with the statement, “If companies have to pay more in …

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