Member DashboardAdvocacy Action Center
NAFEM is amplifying its advocacy efforts through a new resource, the Advocacy Action Center, featuring tools that allow members to track and reach out on legislation and regulations at the state and federal level. This is your opportunity to advocate for the industry and help drive the legislative/regulatory agenda and share your individual story on how a proposed regulation or legislation will impact your company.
Make the Small Business Deduction Permanent
The 2017 Tax Cuts and Jobs Act included a change to Section 199A, allowing small businesses organized as pass-throughs (S corps, LLC, sole proprietorships, or partnerships) to claim up to a 20% tax deduction on qualified business income.
This deduction is scheduled to expire at the end of 2025.
If this is an important issue for your company, contact your representatives in Congress below.
For more information on this issue, follow this link to the National Federation of Independent Businesses (NFIB) website, or review this fact sheet from the National Association of Manufacturers (NAM).
Urge DOE to issue a “no-new standard” for Commercial Refrigeration Equipment
Unnecessarily burdensome commercial refrigeration equipment regulations proposed by the U.S. Department of Energy (DOE) will increase costs for manufacturers and the foodservice industry. Reach out to your Members of Congress to ask for their support in encouraging DOE to issue a “no-new standard” at this time.
Support H.R. 8147 and S. 4297 to Repeal the Corporate Transparency Act
As of January 1, 2024, the Corporate Transparency Act (CTA), requires most small and medium-sized businesses to comply with a new federal reporting obligation. The CTA mandates the reporting of beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN), targeting financial crimes such as money laundering and tax fraud. This creates an undue burden on all businesses and should be repealed in its entirety.