These challenges are dragging down small business optimism and outlook, as expectations of better business conditions is at a 48-year low, according to NFIB’s Research Center.
WASHINGTON, D.C. (April 28, 2022) – The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, released the following statement regarding President Biden’s small business roundtable event today at the White House:
“Small businesses continue to face numerous challenges including historic inflation, high gas prices, labor shortages, supply chain disruptions, and threats of significant tax hikes,” said Kevin Kuhlman, NFIB Vice President of Federal Government Relations. “These challenges are dragging down small business optimism and outlook, as expectations of better business conditions is at a 48-year low, according to NFIB’s Research Center. The administration, along with Congress, should focus on solutions to promote and accelerate the fragile small business recovery and reject any legislation, such as the Build Back Better Act, that increases taxes and imposes unaffordable mandates and penalties on Main Street, which threaten to worsen the small business challenges.”
