“America’s small businesses can’t catch a break,” Lydia DePillis wrote in The New York Times earlier this year. “After two years of shutdowns and restrictions due to the Covid-19 pandemic, they’re straining to keep up with price increases without losing customers to larger competitors. They are struggling to keep positions filled as competition for workers remains at a fever pitch. And just at the moment that many business owners begin to recover and shore up their depleted savings, they’re worried that the Federal Reserve’s medicine for inflation will bring fresh hardship: higher borrowing costs and timid consumers.”
She goes on to explain that pessimism over the future of small business in America is shockingly high, with many small business owners speculating that they will have to shut their doors within the year unless a change in economic conditions is soon to come. She notes that small businesses have created two out of every three jobs since 1997, which means the economy as a whole would suffer – and probably already is suffering – as small businesses struggle to keep their doors open.
Adding to the troubles of these business owners is Joe Biden’s Inflation Reduction Act, which more than doubled the size of the IRS. According to a Job Creators Network Foundation poll made available exclusively to The Daily Wire, “roughly 70% [of 500 small business owners who were polled] oppose doubling the size of the agency.” Many worry the 87,000 new IRS employees the government is committed to hiring will be used to expand the IRS’ auditing capabilities.
“No one likes getting audited by the IRS, especially those who can’t afford to fight it,” the president of the Job Creators Network Foundation, Elaine Parker, told The Daily Wire. “The easiest audit for the IRS is one without a fight, where they send out a letter and squeeze more money out of those who won’t challenge them. Why else do you think the IRS audits the poor at five times the rate of everyone else?”
Parker further points out that small businesses are “woefully unprepared” to resist IRS audits, making it often easier for them to fold to the government’s demands “rather than engage in a time-consuming fight they’re unlikely to win.”
Small businesses are at the heart of our economy and the American Dream. Any government official that truly cared for the well-being of the American people would strive to get the government out of the way and foster an environment in which business owners were free to be successful.
Instead, small businesses are burdened by the unfair demands and regulations of an overbearing government that is more interested in lining the pockets of its politicians than supporting the men and women whose hard labor is the lifeblood of our free market.
At Convention of States, we believe decisions should be made as close to home as possible and that the national government shouldn’t be allowed to hijack the day-to-day operations of your local businesses. By calling an Article V Convention of States, we can take that power back from the bureaucrats in Washington and return it to the American people.
To show your support, sign the Convention of States petition below!
REPORT: Small businesses suffer under Biden, oppose expansion of IRS
Published in Blog on October 11, 2022 by Jakob Fay
