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As Inflation Surges To Four-Decade High, Congress Should Reject Any New Taxes On Small Businesses

July 13, 2022

As Inflation Surges To Four-Decade High, Congress Should Reject Any New Taxes On Small Businesses

WASHINGTON, D.C. (July 13, 2022) – The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, released the below statement in response to the Consumer Price Index’s inflation rate for June reaching a staggering 9.1 percent: “Inflation remains the top problem for the small business economy, and there seems to be no end in sight,” said Kevin Kuhlman, NFIB Vice President of Federal Government Relations. “Small business optimism has declined for six consecutive months and expectations for better business conditions are at an all-time low. Congress must not increase the pain and uncertainty that Main Street is feeling by proposing a new tax on small businesses that would raise costs and threaten jobs. We urge Congress to act against inflation and reject any tax increases on small businesses.”

Topics:

Economy

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