NRMCA, Business Community Oppose New Taxes
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NRMCA has joined dozens of business groups in sending a letter to Congress opposing the tax increases included in the Build Back Better Act. The letter cites recent estimates that show that more than $500 billion of the Build Back Better Act’s cost will fall on family businesses. The letter further urged Congress to reconsider significant spending at a time of historic inflation and urges Congress to instead address rising prices, labor shortages and ongoing supply chain issues.
The letter comes at a critical time as the White House is reportedly looking to slim down the $1.7 trillion package passed by the House in the face of continuing opposition from Senator Joe Manchin (D-WV). The revised package could drop a number of the social spending programs that Sen. Manchin opposed, including the child tax credit and paid leave. The White House has, however, denied these reports.
For more information, contact Andrew Tyrrell at atyrrell@nrmca.org.
