National Federation of Independent Business • 225 State Street, Suite B • Harrisburg, PA 17101 • 717/232-8582 • Fax: 717/232-4098
FOR IMMEDIATE RELEASE
CONTACT: Suzanne Stoltenberg 717-232-8582 x1 [email protected]
NFIB supports legislative efforts to limit state spending
Small businesses hesitate to expand when they don’t know if tax bills will rise
HARRISBURG, (February 23, 2015) – The National Federation of Independent Business (NFIB) which represents 15,000 small businesses in Pennsylvania, praised efforts by Senator Mike Folmer (R-Lebanon) and Camera Bartolotta (R-Greene) to limit state spending. The bills, announced and introduced today, would require that spending increases be tied to inflation with any additional revenue returned to taxpayers, to a rainy day fund and to pay off the state’s growing pension debt.
"Small-business owners will not invest in new equipment, expand or hire new employees if they are uncertain about whether a huge tax hike is headed their way," said NFIB/PA Executive State Director Kevin Shivers. "This legislation will offer a sense of assurance and in return we should see small businesses grow.
"There has been a slow recovery from the recession in Pennsylvania and small-business owners have also faced spiraling health care costs. If these entrepreneurs knew there were limits on increasing taxes in the upcoming year, they might be less skittish about investing money in growth and job creation."
NFIB is also grateful to Rep. Tim Krieger (R-Westmoreland) for sponsoring similar legislation in the House.
# # #
NFIB is the nation’s leading small business association, with offices in Washington, D.C. and all 50 state capitals. Founded in 1943 as a nonprofit, nonpartisan organization, NFIB gives small and independent business owners a voice in shaping the public policy issues that affect their business. NFIB’s powerful network of grassroots activists sends their views directly to state and federal lawmakers through our unique member-only ballot, thus playing a critical role in supporting America’s free enterprise system. NFIB’s mission is to promote and protect the right of our members to own, operate and grow their businesses. More information is available online at www.NFIB.com/newsroom.