Legislation includes harmful tax increases, new mandates, and costly penalties on small businesses
WASHINGTON, D.C. (Nov. 18, 2021) – The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, released the following statement regarding the U.S. House passing the Build Back Better Act.
“By passing the Build Back Better Act, the U.S. House has proposed saddling small businesses with significant tax increases, inflexible mandates, and unaffordable penalties,” said Kevin Kuhlman, NFIB Vice President of Federal Government Relations. “Small businesses are facing numerous challenges right now, including the inflation tax, supply chain disruptions, worker shortages, and COVID-19 variants and restrictions. These additional burdens will severely hurt small businesses across the country, threaten the small business recovery, and punish Main Street.”
NFIB recently launched the Small Business Survival campaign, which is a coordinated advocacy effort that includes targeted traditional and digital advertising, media initiatives, research, grassroots, lobbying, and other efforts that highlights why tax increases would be harmful to small businesses while holding members of Congress accountable for their support of tax hikes and mandates.
The harmful impact of the Build Back Better Act was detailed as an NFIB Key Vote for the 117th Congress in a letter sent to members of the U.S. House of Representatives.