As the FY2018 budget process advances NFIB Massachusetts submitted a letter highlighting small business concerns to the Conference Committee hashing out the final budget details.
NFIB reaffirmed our message that Massachusetts has a health care spending problem. Massachusetts currently spends 42 percent of the state budget on health care and subsidizes health care for nearly 30 percent of the state’s residents which is simply unsustainable. NFIB suggests to the Conference Committee, that the legislature must implement widespread MassHealth reforms to help rein in out-of-control spending and prevent a $2,000 per employee health care tax on Massachusetts small businesses.
NFIB also strongly opposed a section of the budget requiring third party payment processors to collect and remit sales tax from retailers in real time on all credit and debit card purchases. The costs of implementing the idea will be significant for retailers and consumers, especially after so many small businesses were forced to comply with the credit/debit card chip technology.
As the state budget process moves forward, NFIB will continue to keep you up-to-date on all proposals impacting small business.
NFIB/Massachusetts State Director