North Carolina small business owner worried about tax increases
WASHINGTON, D.C. (Dec. 22, 2021) – The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, today released the latest video in a series featuring small business owners explaining how Washington’s proposed tax increases would hurt their ability to operate, survive, and thrive.
The video series “In Their Own Words” features small business owners from around the country and is part of NFIB’s Small Business Survival campaign, a coordinated advocacy effort that highlights why tax increases would be harmful to America’s small businesses.
The latest video in the series features North Carolina small business owner Jason Hall, owner of Washington Crab. Hall explains how even a 5% tax increase on his business will impact his ability to raise his employee’s compensation:
“We are definitely concerned about the tax increases that the current administration is proposing to Congress…when we bought this business two years ago, we took everyone’s pay rate, for entry-level was in the $8-$9 range and now we’re in that $10-$12 range. For our more seasoned employees and especially the salaried employees, every one of them has gone up 20-30%. But that’s the extra profit, that extra 5-10% that doesn’t sound like a lot to everybody but to a business owner that makes a huge difference on our bottom line and how we can compensate our employees.”
Watch the new Small Business Survival: In Their Own Words video featuring Jason Hall here:
The Small Business Survival campaign is a coordinated advocacy effort that includes targeted traditional and digital advertising, media initiatives, research, grassroots, lobbying, and other efforts that will highlight why tax increases would be harmful to small businesses while holding members of Congress accountable for their support of tax hikes and mandates.
More information about the campaign can be found here: NFIB.com/SmallBizSurvival and here: https://www.foxbusiness.com/politics/national-federation-independent-business-survival-campaign.