The Build Back Better Agenda will also increase access to contracting opportunities and provide tens of billions of dollars in financing and technical assistance programs for small businesses, including small manufacturers.
This includes creating a national paid leave program with benefits paid by the federal government – not the employer – leveling the playing field for small businesses that cannot afford to provide this benefit to employees. The revenue raised from creating a fairer tax system for Main Street will help pay for investments that will grow our economy and create jobs, including investments in small business. According to a new Treasury Department analysis, the President’s Agenda will protect 97 percent of small business owners from income tax rate increases, while delivering tax cuts to more than 3.9 million entrepreneurs.
President Biden’s Build Back Better Agenda will crack down on the unfair tax schemes that give big corporations a leg up. President Biden is committed to changing that. 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 prevents millions of entrepreneurs from obtaining sufficient capital to start and expand operations. 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. 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.
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