Listen: NFIB New Mexico Tells Congress to Stop the Small Business Tax Hike on KKOB

August 1, 2024

NFIB State Director Jason Espinoza discusses the importance of stopping the small business tax hike on the TJ Trout Show.

Listen: NFIB New Mexico Tells Congress to Stop the Small Business Tax Hike on KKOB

NFIB State Director Jason Espinoza joined KKOB’s TJ Trout Show to discuss the latest Small Business Optimism Index, which found inflation remains a top challenge for Main Street. During the conversation, Espinoza underscored the uncertainty small business owners face, which is exacerbated by the threat of a small business tax hike in 2025.

CLICK HERE TO STOP THE SMALL BUSINESS TAX HIKE!

When asked about what the small business community wants to see from Santa Fe, Espinoza urged lawmakers to stop the mandate madness and not increase Main Street’s costs. “One of the things when we talk about small business in Santa Fe, it’s about building certainty. When we see inflation and cost of living increase, we don’t want any additional mandates on business in New Mexico. In the past few years, we’ve seen proposals increasing the minimum wage, paid family and medical leave, all that does is push up costs and so that adds uncertainty to the business environment.”

Espinoza also highlighted the importance of making the 20% Small Business Deduction permanent.

“When we look at inflation, finding qualified workers and how hard that is, even on the national level, with the pending in 2025 the loss of the 20% Small Business Deduction, I mean that’s potentially a 20% tax increase on small business owners. So a lot of uncertainty across the board.” CLICK HERE to listen to the full conversation.

Topics:

Uncategorized

State:

New Mexico

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