Georgia small business owner worried about potential capital gains tax hike
WASHINGTON, D.C. (Oct. 28, 2021) – The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, today released the latest video in a series featuring small business owners explaining how Washington’s proposed tax increases would hurt their ability to operate, survive, and thrive.
The video series “In Their Own Words” features small business owners from around the country and is part of NFIB’s Small Business Survival campaign, a coordinated advocacy effort that highlights why tax increases would be harmful to America’s small businesses.
The latest video in the series features Pat Kaemmerling, owner of Ultimate Security Solutions in Georgia. Kaemmerling explains how she is concerned about the potential capital gains tax hike: “We have invested in our business so that we can sell that business when we’re ready to retire…and now the government wants to come in and take a huge chunk of that.”
Many family-owned businesses have very little cash that’s liquid or on-hand since their value comes from property or equipment. If hit with a large capital gains tax bill, many of these business owners would be forced to downsize or even sell their business just to pay.
Watch the new Small Business Survival: In Their Own Words video featuring Pat Kaemmerling here:
The Small Business Survival campaign is a coordinated advocacy effort that includes targeted traditional and digital advertising, media initiatives, research, grassroots, lobbying, and other efforts that will highlight why tax increases would be harmful to small businesses while holding members of Congress accountable for their support of the tax hikes and mandates.
More information about the campaign can be found here: NFIB.com/SmallBizSurvival and here: https://www.foxbusiness.com/politics/national-federation-independent-business-survival-campaign.