Small business closely watching the outcome of the most-important result
SACRAMENTO, Calif., Nov. 4, 2020—From John Kabateck, California state director for NFIB, the state and nation’s largest and leading small-business association.
“Small businesses throughout California are happy to see the ‘No’ vote on Proposition 15 holding a narrow lead, but they will watch to see if it will stick. It’s a direct dollars-and-cents issue for them because they are certain to be hit with the largest property tax increase in California history at the worst possible time should it pass. This is the most important election result for small businesses of any.
“Among the other ballot initiatives, small business was happy to see Proposition 21, the rent control initiative, lose decisively. This measure would have harmed small-business owners and their workers, devastate California’s economy and make the housing affordability crisis worse.
“We’re glad to see 13 of the 15 State Assembly candidates endorsed by the NFIB CA PAC holding leads and are hopeful our PAC’s endorsed State Senate candidates can do the same. This was not a pro-small-business Legislature going into the election and it would be terrible to lose even one of the few who have some care for Main Street enterprises.
“Ten of the 11 congressional candidates endorsed by our NFIB FED PAC’s are currently holding leads, which is vital because there still remains urgent business to be resolved, such as streamlined PPP loan forgiveness and deductibility of PPP loan forgiven expenses.
“It would be nice if California didn’t have to go through this biennial drama of counting its votes and keeping people in suspense, but all will be resolved by the December 11 certification of results.”
Click here for a list of NFIB’s endorsed congressional, legislative, and ballot propositions.
Keep up with the latest on California small-business at www.nfib.com/california or by following NFIB on Twitter @NFIB_CA or on Facebook @NFIB.CA.
For more than 77 years, NFIB has been advocating on behalf of America’s small and independent business owners, both in Washington, D.C., and in all 50 state capitals. NFIB is a nonprofit, nonpartisan, and member-driven association. Since its founding in 1943, NFIB has been exclusively dedicated to small and independent businesses and remains so today. For more information, please visit nfib.com.
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