Small businesses applaud Governor Kathy Hochul for holding the line on tax increases
FOR IMMEDIATE RELEASE
ALBANY, NY (April 20, 2024) — The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy association, released the following statement this afternoon by NFIB New York State Director Ashley Ranslow:
“NFIB is pleased to see a FY 2025 budget that does not include any broad-based tax increases or costly mandates that make it more difficult and expensive to run a small business in New York. Holding the line on tax increases is imperative as small businesses continue to battle inflation, labor shortages, high energy prices, and the state’s onerous Unemployment Insurance taxes. This budget also takes important steps to address out-of-control retail theft incidents, which have devastated small retailers across New York, through much-needed funding for law enforcement and making changes to criminal penalties. Main Street will also finally see the elimination of New York’s last-in-the-nation COVID paid sick leave law. As affordability remains the most pressing issue for Main Street and New Yorkers alike, the state must continue to prioritize policies that will protect and preserve our small entrepreneurs.”
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For 80 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 nonprofit, nonpartisan, and member-driven. Since our founding in 1943, NFIB has been exclusively dedicated to small and independent businesses, and remains so today. For more information, please visit nfib.com.
