The clip concerns about a new tax on small businesses that has been wrongly characterized as a closing of a tax loophole
NFIB released a new video today highlighting small business owners’ concerns about a new tax on small businesses that has been wrongly characterized as a closing of a tax loophole. The new tax is on small businesses, which legislators wrongly claim will “close a tax loophole to fund Medicare.” However, the tax isn’t a loophole and small businesses already pay for Medicare through payroll taxes and self-employment taxes.
The video features several NFIB members including Eddie Wetherill of Wetherill Engineering Inc. in Raleigh. In the video, he discusses the impact the proposed tax increase would have on his small business.
NFIB recently launched a paid advertising campaign in West Virginia and Arizona to encourage Sens. Sinema, Kelly, and Manchin to stand against the new proposed tax increase and any tax increases on small businesses.