The Biden administration wants you to know how it's planning to help small business get a leg up. President Biden wants to "level the playing field" for small businesses by issuing tax credits, increase small business lending, reforming the tax code, and more. Read on to see if your small business might be able to benefit. FACT SHEET: The Build Back Better Agenda Will Provide Greater Tax Fairness for Small Businesses Since day one in office, President Biden has focused on providing America’s small businesses with the tools and resources they need to reopen, rehire, and rebuild. To date, the Biden-Harris Administration has delivered more than $300 billion in relief to Main Street and is on track to fully forgive more than 6 million small business loans by year-end. While Main Street is roaring back, many small businesses struggle to grow and compete globally due to a tax code that disproportionately benefits multinational corporations and a financial system that preve...
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