For 250 years, small businesses have been the backbone of the American economy. According to NFIB President Brad Close, these businesses have been inspired by the ideals, spirit, and economy of the United States since its founding. In a recent opinion editorial, Close explored the historic contributions of small businesses and examined the policy decisions that negatively impact their ability to grow and give back to their communities.

Challenges Faced by Small Businesses

Close noted that small business owners face numerous challenges, including excessive government burdens, high healthcare costs, and labor mandates. "Unlike Wall Street, Main Street businesses don’t have the armies of lawyers and accountants to make sense of the mandate mess, so the burden falls heaviest on them," he said. Close emphasized that unreasonable government regulations rank among the 10 most severe problems for small business owners.

Congress can provide relief for millions of small businesses by reducing the government burdens on small businesses and stripping away the labor mandates that back business owners into a corner. By doing so, small businesses can continue to build, hire, and serve their communities, which is essential for the growth and development of the US economy.

Original reporting: NFIB (National Federation of Independent Business) — read the source article.