California Small Business Owners Celebrate Tax Reform

Date: January 17, 2018

Related Content: Analysis State California Economy

In 2018, small business owners are celebrating tax reform and a gangbusters economy.

NFIB’s Small Business Optimism Index declined to 104.9 in December, but 2017 remained the strongest year of the Index yet with an average of 104.8.

“2017 was the most remarkable year in the 45-year history of the NFIB Optimism Index. With a massive tax cut this year, accompanied by significant regulatory relief, we expect very strong growth, millions more jobs, and higher pay for Americans,” said NFIB president and CEO Juanita Duggan.

Still, 2018 is no “New Year, New You,” for California small business owners.

“This news is almost bittersweet for California,” said NFIB/California Communications Director Shawn Lewis. “As reform at the federal level benefits small businesses across the country, our job creators have even less incentive to remain or grow in California with our incredibly high state taxes and labor regulations. As Washington embraces changes to support our job creators, including much-needed tax reform, Sacramento must answer the call and make policy changes to keep struggling small businesses in our state.”

 

In 2018, small business owners are celebrating tax reform and a gangbusters economy.

NFIB’s Small Business Optimism Index declined to 104.9 in December, but 2017 remained the strongest year of the Index yet with an average of 104.8.

“2017 was the most remarkable year in the 45-year history of the NFIB Optimism Index. With a massive tax cut this year, accompanied by significant regulatory relief, we expect very strong growth, millions more jobs, and higher pay for Americans,” said NFIB president and CEO Juanita Duggan.

Still, 2018 is no “New Year, New You,” for California small business owners.

“This news is almost bittersweet for California,” said NFIB/California Communications Director Shawn Lewis. “As reform at the federal level benefits small businesses across the country, our job creators have even less incentive to remain or grow in California with our incredibly high state taxes and labor regulations. As Washington embraces changes to support our job creators, including much-needed tax reform, Sacramento must answer the call and make policy changes to keep struggling small businesses in our state.”

 

Related Content: Analysis | State | California | Economy

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