There’s no question that small businesses took a hit during the past 18 months, but there is some light at the end of the tunnel, according to the National Federation of Independent Business, NFIB.
The NFIB is endorsing a few items, including the deposit of $150 million to reimburse the Unemployment Trust Fund that was used to pay out fraudulent claims. Lack of agency oversight is blamed for the proliferation of bogus checks handed out.
They are also pleased with Governor Gretchen Whitmer agreeing to sign a bill that would allow small businesses to take the same deduction on state and local taxes as large corporations. Whitmer vetoed the bill in July but is expected to sign it when presented again.
There is also optimism on the part of the National Federation that emergency orders will be under local oversight with the new legislation.
Amanda Fisher, assistant state director of NFIB Michigan said, “We appreciate the efforts of the Legislature as they continue to pass legislation to help those businesses most affected by government shut-downs and restrictions, but there is much more to be done, and time is running out for small businesses that are hanging on by a thread.”
Reporting for WGRT – Jennie McClelland
