Delaware small business owner worried about potential elimination of small business deduction
WASHINGTON, D.C. (Aug. 31, 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 a 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 Julia Yearian, Vice President of Bauguess Electric in Delaware. She explains how the Small Business Deduction allowed her to invest back into her employees and buy new equipment for the business. Yearian fears any tax increase may jeopardize her ability to increase wages and provide additional benefits to her employees: “We feel the need that the employee has to feel appreciated and that’s what we used that money for. Now, any tax increase that might overturn that or simply increase corporate taxes, you have to find that money somewhere. That money doesn’t just come out of nowhere.”
Curtailing the Small Business Deduction would directly hurt small businesses’ ability to hire, invest in their business, increase employees’ compensation, and threatens the fragile economic recovery.
Watch the new Small Business Survival: In Their Own Words video featuring Julia Yearian 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 the 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.