The so-called tax cut windfall bill would help small business owners in Kansas, according to an advocate for them.
“This has been characterized as a tax cut for multinational corporations,” said NFIB-Kansas Executive Director Dan Murray. “The fact of the matter is, the great majority of small business owners are pass-through entities, those that are paying at the individual level. The provisions that apply to individuals, including small business owners, are certainly impactful for most small business owners across Kansas. At last count, I believe over 75 percent file at the individual level.”
NFIB is the main voice for small business owners in the state.
“If our membership is indicative of the kind of small business owner in Kansas, 90 percent, I believe, of our membership is under 10 employees,” said Murray. “We do have members that are larger and independent, in the 100 to 500 range. The Small Business Administration defines a small business as under 500 employees.”
Beyond Senate Bill 22, NFIB anticipates not much else will change in tax policy, unless something unforeseen bubbles up. School finance is running the rest of the agenda at this point.
“That’s the big elephant in the room,” said Murray. “How do they eat that elephant? In the first half, it’s very difficult to do. Certainly, until they figure that piece of the puzzle out, most of the dominoes will not fall.”
NFIB, as always, is concerned with limiting government to its essential functions, because, as Murray puts it, the larger a government gets, the more tax dollars it takes to feed those government services.