Waste360 is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Need to Know

NWRA Urges House Ways and Means Committee Chair to Oppose Small Business Tax Hikes

Samuel Corum/Getty Images congressfeat.png

Arlington, VA – The National Waste & Recycling Association (NWRA), along with more than 100 other associations in a coalition representing Main Street employers, sent a letter to House Ways and Means Committee Chairman Richard Neal (D-MA) calling on him to oppose all proposals in the reconciliation bill that would increase any taxes on small business owners.

In a second letter from the Family Business Estate Tax Coalition representing 150 associations, NWRA and its coalition partners urged Chairman Neal and Ranking Member Kevin Brady (R-TX) to support continuation of the stepped-up basis to prevent imposition of a double death tax on family-owned businesses. President Biden’s American Families Plan calls for the elimination of the stepped-up basis which would result in the imposition of a capital gains tax on any appreciated assets and the estate tax on whatever is left when a family member passes away.

Individually- and family-owned businesses are the cornerstone of the American economy,” said NWRA President and CEO Darrell Smith. “They represent nearly all businesses, they employ the vast majority of private-sector workers, and they are the building block upon which innumerable communities across this country are built.

“As state and local economies start to grow again, now is the wrong time to burden small businesses with tax increases that further jeopardize their survival. NWRA urges the House Ways and Means Committee to reject these tax increases,” Smith concluded.

ABOUT NWRA

The National Waste & Recycling Association (NWRA) represents the private sector waste and recycling services industry. Association members conduct business in all 50 states and include companies that manage waste, recycling and medical waste, equipment manufacturers and distributors, and various other service providers. For more information about NWRA, please visit www.wasterecycling.org.

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish