Small Business Endorses Bob Loonan for State House

Date: July 26, 2018

Shakopee lawmaker a proven friend of Main Street enterprises

FOR IMMEDIATE RELEASE
Contact: Mike Hickey, Mike Hickey, Minnesota State Director, mike.hickey@nfib.org

ST. PAUL, Minn., July 26, 2018—The political action arm of Minnesota’s most influential small-business association today endorsed state Rep. Bob Loonan for re-election to his District 55A House seat.

Speaking for the NFIB Minnesota PAC, which made the endorsement, Mike Hickey, NFIB’s Minnesota state director said, “Rep. Loonan has cast many critical votes for small business and has truly shown his level of appreciation for the contributions that our members make to Minnesota’s economy. He understands that small business is the lifeblood of Minnesota’s economy and has consistently supported the men and women of the small-business community.”

Hickey highlighted some of the bills Representative Loonan voted for that were beneficial to the small-business community. The included:

  • a significant small-business property tax reduction, signed into law, that reduced taxes for the smallest businesses by 20 percent to 30 percent. An average business will now receive a $700 to $900 reduction in taxes payable in 2018.
  • a significant $1 million increase in the estate tax exemption, also signed into law, which raised it from $2 million to $3 million per person.
  • a desperately needed 25 percent reduction in health insurance premiums in 2017 for those in the individual market, signed into law. The measure also made other critical insurance reforms to make our market more competitive.
  • support for critical legislation that preempts local units of government from enacting minimum wages higher than the state’s. The legislation would have also stopped the imposition of other new mandates on local businesses.

“He has been a true ally for the small-business community,” said Hickey, and we are urging business owners and constituents in district 55A to vote for him in the August 14 Primary Election.”

The endorsement of Loonan by the NFIB Minnesota PAC is based on positions taken on key small-business issues. including health care, taxes, labor, and regulatory issues.
 
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For more than 75 years, NFIB has been advocating on behalf of America’s small and independent business owners, both in Washington, D.C., and in all 50 state capitals. NFIB is nonprofit, nonpartisan, and member-driven. Since our founding in 1943, NFIB has been exclusively dedicated to small and independent businesses and remains so today. For more information, please visit nfib.com.

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St. Paul, MN 55101
651-293-1283
www.nfib.com/minnesota
Twitter: @NFIB_MN

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