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.