Small Business & Economic Growth Hearing
On Thursday, Apr. 27, the House Small Business Subcommittee on Economic Growth, Tax and Capital Access held a hearing: “Small Business: The Key to Economic Growth.” During the hearing, Members and the witness panel discussed the ways that small businesses contribute to the U.S. economy, through the creation of jobs and contributions to the GDP, as well as challenges small businesses face, including accessing capital and difficulty navigating the U.S. tax code. NAR sent a letter to the Subcommittee for the hearing, thanking them for addressing this important topic and pointing out that NAR members are frequently both small businesses themselves and serve them as their clients. The letter supports regulatory reform while encouraging growth in the alternative lending market, and points out the important role that 1031s serve in helping small businesses grow and create jobs.