NFIB discusses small business support for tax reform proposal, urges Senate to act
AUSTIN (June 2, 2023) – Following the House’s passage of tax relief, NFIB State Director Annie Spilman spoke with KXAN’s Ryan Chandler to discuss why small business owners support the measure. With a recent NFIB survey showing that job creators remain concerned about the worker shortage and inflation, any tax relief would go a long way in helping small business owners keep their doors open.
“This is a plan that we feel like is equitable. It doesn’t pick winners or losers. Our small business owners will get tax relief, homeowners will get tax relief, renters will get tax relief,” Spilman said. “Some may say that, well, that could only be a couple thousand dollars. To a small business owner, that is a lot of savings that they will put directly back in their business.”
CLICK HERE to watch the interview.
Background:
The tax reform bill includes $17.6 billion in savings for Texans and would immediately reduce the burden of property taxes on job creators.
If enacted, a small business owner with $300,000 in property value would see $1,300 in savings over the next two years. The property tax reduction would continue in future years.
CLICK HERE to learn more.
