ASBA is the only organization solely focused on advocating the interests of "micro" businesses (businesses with fewer than 10 employees). And a legislative advocate is needed. Increasingly, state and federal governments are enmeshed in our small businesses, from tax policy to health care to regulatory requirements. The biggest costs small businesses must manage are a direct result of government policy. Over the last two years alone, ASBA has fought aggressively for small-business owners. Some of our major accomplishments have included Restoring the home office deduction. Increasing the health insurance deduction for the self-employed to 100% over the next 10 years. Cutting the estate tax, including creation of a special exemption for small businesses. Establishing medical savings accounts, which enable small-business owners and employees to control more of their health care dollars. Reducing the capital gains tax rate, including an exemption of up to $500,000 for the sale of a principal home. Expanding IRA opportunities. Fighting against governmental health care mandates that would drive up the cost of health insurance for small businesses. Guaranteeing access to health insurance for small businesses and individuals who conscientiously purchase their health insurance. To read about ASBA's most recent activity in Washington and state governments, click below: Legislative Update