While small business owners continue to face challenges through labor shortages, rising healthcare costs, and energy price increases, one thing small business owners have avoided is a significant tax hike. During an interview with the Washington Journal on C-SPAN, NFIB’s Director of Federal Government Relations, Josh McLeod, explores how small business owners are handling these various economic pressures and what NFIB is doing to advocate on their behalf in Washington, D.C.

Small businesses have seen several big wins over the past year that protected their ability to own and operate their businesses. McLeod points to the 20% Small Business Deduction being made permanent and the exemption of U.S. small businesses from reporting their Beneficial Ownership Information (BOI). However, many businesses had already filed their information before the exemption, so NFIB continues to put pressure on the federal government to permanently destroy this sensitive data.

During this interview, McLeod details several important issues and where they stand for small business owners. The interview covers:

• Taxes 

• Inflation 

• Questions from small business owners 

Watch the interview for more information on the state of the small business economy and NFIB’s advocacy on behalf of Main Street.

Take Action: Urge Congress to act now and permanently repeal BOI reporting for small businesses!