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Photo: Pablo Martinez Monsivais / AP

Alfredo Ortiz, president and CEO of small business advocacy group Job Creators Network, told Axios he was disappointed by the National Federation of Independent Business's disapproval of the House's tax reform plan released yesterday. He said it "became the headline" for small businesses' response to the tax plan, and that the inclusion of a small business tax rate within the code is a big win.

Why it matters: JCN, which has been funded by companies who advocate for low corporate taxes, led a multi-million campaign pushing for tax policies that benefit small businesses. There are improvements that Ortiz thinks could be made, but overall he believes the plan is a big step in the right direction.

The small business debate is over two parts of the tax plan.

  1. The 70%-30% pass-through rate, which allows LLC's and similar sole-proprietor business owners to pay the 25% corporate tax for only 30%of their earnings. Ortiz would ultimately like to see a rate closer to 60-40, but said that could be worked toward after the bill is passed.
  2. The 25% corporate tax rate currently does not include professional services, which Ortiz said accounts for 3 million of the 29 million small businesses. He'd like to see professional services included under the umbrella in the final bill, but said it's not "a reason to kill the bill."

Go deeper

Updated 1 hour ago - World

Myanmar's deposed leader Aung San Suu Kyi sentenced to 4 years in prison

An anti-coup protest in Yangon, Myanmar.Photo: Hkun Lat/Getty Images

A Myanmar court sentenced the country's ousted leader, Aung San Suu Kyi, on Monday to four years in prison on charges of "inciting public unrest" and breaking COVID-19 protocols, per the New York Times.

Why it matters: It's the first of several verdicts that could result in the 76-year-old Nobel laureate being imprisoned for the rest of her life. The 11 charges she faces have been widely criticised as politically motivated.

4 hours ago - World

Pope Francis denounces European governments' migrant response

Pope Francis adresses refugees at the Reception and Identification Centre (RIC) in Mytilene on the island of Lesbos on Sunday. Photo: Louisa Gouliamaki/Pool/AFP via Getty Images

Pope Francis criticized European countries' response to migrants and asylum seekers during his visit to a refugee camp on the Greek island of Lesbos Sunday.

Why it matters: The pope said "migration is a humanitarian crisis that concerns everyone," but little had changed in the global response to displaced peoples since his first visit to Lesbos five years ago, per a transcript of his remarks. "Human lives, real people, are at stake. ... let us stop this shipwreck of civilization!"

Chris Cuomo accuser: On-air "hypocrisy" spurred report

Journalist Chris Cuomo. Photo: Gilbert Carrasquillo/GC Images

A woman who accused fired CNN journalist Chris Cuomo of sexual misconduct said Sunday she decided to come forward after learning of his comments about women who made similar accusations about his brother. He denies her allegations.

Why it matters: Her attorney Debra Katz said in a statement that she heard "the hypocrisy" of his on-air words about his brother, former New York Gov. Andrew Cuomo, and was "disgusted by his efforts to try to discredit these women," so "retained counsel to report his serious sexual misconduct against her to CNN."