NFIB: Main Street Can’t Afford Biden’s Tax Increases on Small Businesses

Date: August 20, 2021

WASHINGTON, D.C. (Aug. 20, 2021) – The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, released the following statement in response to recent White House comments on small business and President Biden’s Build Back Better agenda:

“With rampant inflation, massive supply chain disruptions, unclear pandemic mandates, and a shortage of available workers, small businesses continue to face challenges and setbacks that hurt the small business recovery, and the last thing our country needs right now are taxes on small businesses to fund a massive expansion of government,” said NFIB Vice President of Federal Government Relations Kevin Kuhlman. “The combination of tax increases and the ongoing pandemic will negatively impact millions of small businesses and a significant percentage of small business income, and no amount of spin from this White House will justify a tax increase.”

“Raising taxes on small businesses will not ‘level the playing field’ nor will it instill greater ‘tax fairness,’” added Kuhlman. “What it will do is further burden their ability to survive, operate, hire, and pay their employees. Main Street needs Washington to focus on solutions to help the small business recovery. NFIB will continue to adamantly stand against any tax hikes on small businesses.”

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