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Small business raps tax plan

July 1, 1993

Small business raps tax plan

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Illinois small business is resoundingly opposed to tax proposals now before the state legislature, according to the National Federation of Independent Business.

NFIB contends the tax bills now in the pipeline favor special interests and would only do damage to the state’s small businesses.

“While Illinois’ small-business owners are not blind to the fact that the state is in a fiscal crisis, they are quick to point out that increasing taxes at the expense of business development is short sighted,” said Kim Maisch, NFIB state director.

“Small-business owners are faced with meeting fiscal obligations on a daily basis, but they have learned to tighten their belts as they know they will drive their customers away with increased prices,” she said.

“While our members are sympathetic to discussions on how to offset the state’s precarious budget situation, they do not believe legislators in good faith have taken aggressive steps to tighten their belts first,” Maisch said. “If lawmakers want to foster economic development and job growth, they will look elsewhere for economic stimulus other than through tax increases cleverly disguised as revenue enhancers,” she said.

Maisch added that an effective solution to the state’s fiscal problems cannot be realized at the expense of mom and pop businesses and family farms.

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