NFIB: Small Business Concerned about Taxes, Regulations and Low Sales. Government: Have Another Subsidy (some of you)
A mere 5% of small businesses plan to create new jobs; a stunning revelation from a recent
survey by the National Federation of Independent Business. According to the survey, small businesses' three biggest concerns are taxes, regulation and poor sales.
The game plan for small business expansion seems simple; lessen the burden of high taxes and onerous regulation. Unfortunately, those in government prefer a misguided alternative; special handouts:
The Wichita City Council could not resist the urge to give a 100% property tax abatement, worth $500,000, to a developer in exchange for an empty building. The developer will still enjoy police and fire protection as well as paved roads; Wichita homeowners will pick up the tab for those services.