Small Businesses Frustrated by Stalled Economic Development Bill

August 1, 2022

Small Businesses Frustrated by Stalled Economic Development Bill

After an extended end to the 2021-22 legislative session, NFIB is disappointed that the economic development bill with the legislature’s tax relief plan, was never finalized. The following statement is attributable to NFIB’s Massachusetts state director, Christopher Carlozzi. “It is extraordinarily frustrating that an economic development bill, with long overdue estate tax reforms, was not treated as a priority for lawmakers after being left for the final days of session. With businesses and consumers facing historically high inflation, and lawmakers rejecting a suspension of the gas tax, where is the promised relief? “Making matters worse, funding for waived unemployment insurance overpayments that lawmakers wanted was never allocated. Are they now expecting struggling small business owners to pick up the $300 million tab, despite having billions of dollars in surplus revenue and federal funding that could easily cover this expense?” “Failing to enact meaningful tax reform or commit to the state’s long-term fiscal health is a major disservice to both small businesses and consumers across the commonwealth.”

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State:

Massachusetts

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