NFIB Statement on Today’s White House Meeting with Small Business Owners

May 1, 2023

NFIB Statement on Today’s White House Meeting with Small Business Owners

WASHINGTON, D.C. (May 1, 2023) – The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, released the following statement in response to the White House hosting a small business event today while simultaneously working to raise taxes on small business owners. “If the White House wants to help small businesses, they will immediately abandon their plans to raise small businesses’ taxes,” said Kevin Kuhlman, NFIB Vice President of Federal Government Relations. “Small businesses continue to face economic headwinds and their expectations for better business conditions six months from now are hovering near historic lows. The new tax hikes proposed in the White House’s FY 2024 budget request would hurt Main Street’s ability to recover, grow, and create jobs. The White House should instead focus on promoting economic growth and providing certainty, such as permanently extending the Small Business Deduction.” The White House is wrongly characterizing the proposed tax hikes as the closing of “loopholes,” but these increases would make it tougher for small businesses to operate, invest in their businesses, and create jobs. The NFIB recently launched a paid media campaign targeting the White House tax hikes on small businesses, urging members of Congress in key states to reject the proposed increases. Learn more at NFIB.com/NoNewTax.

Topics:

Taxes

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