As small businesses continue efforts to re-open and Congress and the Administration prepare the next phase of legislation, The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, issued a plan, “NFIB Legislative Principles for Phase Four Small Business Relief.” The Phase Four plan lays out five legislative principles to help ensure that America’s small businesses continue to have the resources they need to move forward during this recovery.
The Phase Four plan NFIB issued today includes recommendations that will help our country’s smallest businesses, including expanding financial assistance, creating strong liability protections, reforming unemployment insurance, and streamlining relief:
- Financial Assistance: Target near-term and longer-term financial assistance programs for the smaller businesses with continuing financial needs.
- Liability Protections: Create strong liability protections that enable small businesses to reopen safely and smartly without the fear of devastating lawsuits.
- Tax Relief: Provide tax relief for small businesses so they can recover faster, keep and hire employees, and bolster their communities.
- Unemployment Insurance Reform: Reform unemployment insurance so small businesses can quickly fill open positions and get the economy growing again.
- Regulatory Relief: Streamline PPP forgiveness and protect small businesses from additional regulatory requirements or expanding existing mandates.
Indy Politics talks with Barbara Quandt, the state coordinator of the NFIB in Indiana about the program.
You can hear her in the Leon-Tailored Audio. It runs about 19 minutes.