Missouri small business owner worried about unnecessary taxation on family-owned business
WASHINGTON, D.C. (Feb. 1, 2022) – 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 Stan Crader, owner of Crader Distributing in Missouri. His business was started by his grandfather in 1944 and has stayed in business ever since. Crader expresses concerns about the estate tax, which could impact his ability to pass on the family business to the next generation.
Crader explains, “The unnecessary taxation just eludes the financial strength of a small business. It can hurt a community, particularly a business such as ours if we’re the primary employer in the community, and we had to come up with a huge amount of cash – it could cause a business to be sold. If it was sold, likely the new owners will move the business to a different location that they would think would be better logistically…there’s all kinds of things that could happen. None of them good with the estate tax.”
Watch the new Small Business Survival: In Their Own Words video featuring Stan Crader 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.