NFIB Vice President Discusses Challenges Facing Small Businesses and Main Street Voters
NFIB Vice President Jeff Brabant recently sat down with Scripps News Live to shed light on the pressing challenges facing small businesses across the nation. Drawing from NFIB’s April SBET survey, Brabant emphasized the detrimental impact of inflationary pressures and labor shortages on small firms, making it difficult for them to operate effectively.
Brabant underscored the significance of addressing onerous regulations and advocated for making the 20% Small Business Deduction a permanent fixture. He highlighted the looming tax increase set to affect over 90% of small business owners if Congress fails to act, urging candidates to provide concrete solutions to alleviate these burdens.
In his remarks, Brabant stressed the urgent need for candidates to tackle issues such as inflation and workforce accessibility, which are paramount concerns for small business owners. He warned against the potential consequences of a tax hike in 2026 and called for assurances that taxes will not increase for Main Street businesses.
With 30 million small business owners at risk of facing a tax hike, Brabant urged candidates to prioritize the needs of Main Street over corporate competitors. He also called for a reevaluation of the regulatory landscape to ease the burden on small businesses.
As the upcoming elections draw near, Brabant’s insights serve as a crucial reminder of the challenges facing small businesses and the importance of addressing these issues to appeal to Main Street voters. Candidates are urged to provide concrete plans to support small businesses and ensure their continued success in the face of mounting challenges.