Congress needs to pass the Main Street Tax Certainty Act now
FOR IMMEDIATE RELEASE
Contact: Tray Abney, Nevada State Director, [email protected]
or Tony Malandra, Senior Media Manager, [email protected]
CARSON CITY, Nev., Sept. 5, 2024—The latest Jobs Report released today by the National Federation of Independent Business (NFIB) shows little change in what has now become the new normal: small business owners’ continuing inability to find qualified workers to fill their job openings.
“Finding qualified workers is a big enough concern of small business owners but an even bigger one is the fate of the Main Street Tax Certainty Act (H.R. 4721, S. 1706), which, unlike recruiting employees, is something Congress can do something to alleviate now,” said Tray Abney, state director for NFIB in Nevada. “Letting the 20% Small Business Deduction expire next year would increase taxes on more than 90% of small business owners in the nation. Making the deduction permanent, just like the tax cuts for big companies were, would go a long way to freeing small business owners to address the many other worries they constantly face.”
From NFIB Chief Economist Bill Dunkelberg on the Latest Jobs Report
“Job openings on Main Street remain historically high as small business owners continue to lament the lack of qualified applicants for their open positions. Owners have grown understandably frustrated as attempts to fill their workforce repeatedly stall and cost pressures continue to rise.”
Highlights from the Latest Jobs Report
- Overall, 62% of small business owners reported hiring or trying to hire in August, up five points from July. Fifty-six percent (90% of those hiring or trying to hire) of owners reported few or no qualified applicants for the positions they were trying to fill.
- Thirty-six percent have openings for skilled workers (up four points) and 15% have openings for unskilled labor (down one point).
- Job openings in construction were up five points from July and over half of them (60%) have a job opening they can’t fill. Job openings were the highest in the transportation, construction, and manufacturing sectors, and the lowest in the agriculture and finance sectors.
- A seasonally adjusted net 13% of owners plan to create new jobs in the next three months, down two points from July.
Keep up with the latest Nevada small-business news at www.nfib.com/nevada, where this news release can also be found, or by following NFIB on Twitter @NFIB_NV.
###
For 80 years, NFIB has been advocating on behalf of America’s small and independent business owners, both in Washington, D.C., and in all 50 state capitals. NFIB is a nonprofit, nonpartisan, and member-driven association. Since our founding in 1943, NFIB has been exclusively dedicated to small and independent businesses and remains so today. For more information, please visit nfib.com.
NFIB Nevada
Abney Tauchen Group
775-443-5561
Reno, NV
NFIB.com/NV
Twitter: @NFIB_NV
