Dear Valued NFIB Member, Terry; here.
There is a ton of stuff going on behind the scenes which
could severely impact your business; as if you needed to hear more “bad” news.
But there is also a ton of great stuff too.
·
First
though, that 20% deduction that NFIB got for small business is going away; that
is if Joe Biden has his way. https://www.foxbusiness.com/money/biden-pledges-to-undo-trumps-tax-cuts-a-lot-of-you-may-not-like-that
Visiting the factcheck.org site, they say this is mostly false because this
money went to the rich. That is certainly not the case; as this specifically
went to the S corps and down. Are you, as a small business owner, “rich”?
·
Our
fellow truckers are getting hit with a hike in insurance costs due to the
rioting and protestors stopping truckers and hurting them and their property.
This would effectively increase current insurance
liability requirements for commercial vehicle drivers from $750,000 to $2
million.
If that doesn’t force the trucking company to close its doors,
this cost is passed on to you the business owner in the cost of goods and
materials and then out your door to your customer.
·
The Illicit Cash Act which would require all of a business owner’s
personal information to be submitted to a national data base for ease of access
to most everyone, with the failure to do so resulting in fines up to $10,000 and
up to 5 years in prison has not gone away! It is just being sneaked into other
bills. Its new title is “Beneficial
Ownership” via the National Defense Authorization Act; they are trying to
attach it to any bill at all to get it passed.
Although this is (some of the) “bad news” the good news
is that as a member you learn about these issues before they become law, vote
on them via your membership and know that NFIB has you back. Although we don’t
win every issue, NFIB wins the majority of them and that’s why, in my opinion,
that small business has survived all these years.
You can even share your specific needs with me, with your
state director in your state capital, and Member Support at our headquarters in Nashville.
If I can be of any assistance, please let me know. NFIB
has presented some very informative and helpful webinars. CLICK HERE to go to
the replay page.
Thanks so much for your support.
Terry
Scott,
LOCAL
Membership Rep 3A687
(Contact me using the contact form on this page).
PS. As a business person myself, I am a
resource consultant with products and services to help grow your business.
Click here to search for government programs for COVID
relief and reopening funds (many do not have to be repaid).
Click here to visit Halo Branded Solutions for “Anything
with an Imprint”. AskHalo4Imprints.com Request my free report Back to Work Playbook for your
business. (When on my Halo site, click on image as it rolls across the page).
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