NFIB President: Next coronavirus relief package should help small businesses, not wrap them in red tape

Date: July 27, 2020

In an op-ed for CNN Business, NFIB President Brad Close urged Congress to focus on five key small business priorities

Published Monday, July 27, NFIB President Brad Close penned an op-ed for CNN Business urging Congress to deliver crucial aid to small businesses in its next coronavirus relief package and highlighting NFIB’s Phase Four Legislative Priorities.

“As Congress works toward delivering its next coronavirus relief package, it not only needs to deliver targeted aid to smaller businesses that need help the most, but also to reduce the tax burdens and red tape that are holding many businesses back,” said Close.

Click here to read the op-ed.

NFIB previously issued a 10-point plan in April as small businesses across the country faced unprecedented shutdowns due to the COVID-19 pandemic. Elements included in that plan were incorporated into subsequent legislation.

The Phase Four Legislative Priorities plan NFIB issued July 15, includes recommendations that will help our country’s smallest businesses, including securing financial assistance, creating strong liability protections, providing targeted tax relief, and reforming unemployment insurance:

  1. Financial Assistance: Secure near-term and longer-term financial assistance programs for the smaller businesses with continuing financial needs.
  2. Liability Protections: Create strong liability protections that enable small businesses to reopen safely and smartly without the fear of devastating lawsuits.
  3. Tax Relief: Provide tax relief for small businesses so they can recover faster, keep and hire employees, and bolster their communities.
  4. Unemployment Insurance Reform: Reform unemployment insurance so small businesses can quickly fill open positions and get the economy growing again.
  5. Regulatory Relief: Protect small businesses from additional regulatory requirements or expanding existing mandates.

The plan can be found here.

Related Content: Analysis | Coronavirus | National

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