Empower Small Businesses and Tackle Student Debt
The $1.5 trillion student debt crisis continues to crush millions of Americans and stifle our economy. Indeed, if you are reading this, you likely know family, friends or colleagues saddled with student debt.
Small businesses struggle to hire and retain talented employees. While larger enterprises may be able to make payments towards their employees’ student debt, small businesses are often unable to provide this employee benefit.
The Small Business Advocacy Council strongly supports the Employer Participation in Repayment Act because it will tackle the student debt crisis and level the playing field for small businesses. It will enable small businesses to make an annual payment up to $5,250 to reduce their employees' student debt, tax free. Small business can also deduct these payments.
The small business community came together and sent a message to our leaders in Washington about this student reducing, small business empowering legislation! We asked that Majority Leader Mitch McConnell and Senator Minority Leader Chuck Schumer support this legislation. We also asked that Senate Finance Committee Chairman, Senator Grassley and Ranking Member, Senator Wyden, call this legislation for a vote in Committee.
We are extremely excited to report that after our action call, Senator McConnell and Senator Schumer cosponsored this legislation. There are now 60 bi-partisan cosponsors on this important, common-sense legislation. This makes it filibuster proof. We are building some serious momentum!
By completing the short form on the right, you can directly urge Senator McConnell, Senator Schumer, Senator Grassley and Senator Wyden to call this legislation for a vote in the Senate Finance Committee and then call this bill for a vote in the Senate.
We must demand that Washington politicians take a timeout from their partisan bickering and move this legislation forward. Please fill out the short form on this page to contact Senator McConnell, Senator Schumer, Senator Grassley, and Senator Wyden and let them know this is important to you.
Please contact Elliot Richardson (Elliot@sbacil.org) or Scott Baskin (Scott@sbacil.org) with any questions.
Empower Small Businesses and Tackle Student Debt
The $1.5 trillion student debt crisis continues to crush millions of Americans and stifle our economy. Indeed, if you are reading this, you likely know family, friends or colleagues saddled with student debt.
Small businesses struggle to hire and retain talented employees. While larger enterprises may be able to make payments towards their employees’ student debt, small businesses are often unable to provide this employee benefit.
The Small Business Advocacy Council strongly supports the Employer Participation in Repayment Act because it will tackle the student debt crisis and level the playing field for small businesses. It will enable small businesses to make an annual payment up to $5,250 to reduce their employees' student debt, tax free. Small business can also deduct these payments.
The small business community came together and sent a message to our leaders in Washington about this student reducing, small business empowering legislation! We asked that Majority Leader Mitch McConnell and Senator Minority Leader Chuck Schumer support this legislation. We also asked that Senate Finance Committee Chairman, Senator Grassley and Ranking Member, Senator Wyden, call this legislation for a vote in Committee.
We are extremely excited to report that after our action call, Senator McConnell and Senator Schumer cosponsored this legislation. There are now 60 bi-partisan cosponsors on this important, common-sense legislation. This makes it filibuster proof. We are building some serious momentum!
By completing the short form on the right, you can directly urge Senator McConnell, Senator Schumer, Senator Grassley and Senator Wyden to call this legislation for a vote in the Senate Finance Committee and then call this bill for a vote in the Senate.
We must demand that Washington politicians take a timeout from their partisan bickering and move this legislation forward. Please fill out the short form on this page to contact Senator McConnell, Senator Schumer, Senator Grassley, and Senator Wyden and let them know this is important to you.
Please contact Elliot Richardson (Elliot@sbacil.org) or Scott Baskin (Scott@sbacil.org) with any questions.