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    Small Business Sees No Economic Lyft from Proposition 30

    SACRAMENTO, Calif., —The political action committee for California’s largest small-business association today announced its opposition to Proposition 30, a 1.75% income tax hike, on the November ballot.

    “Prop. 30 is an assault on the American system of free and fair markets,” said John Kabateck, California state director for the National Federation of Independent Business (NFIB), speaking for the NFIB CA PAC, which voted to oppose Prop. 30. “Few things are more irritating to small-business owners than a big company attempting to game the system for its own benefit at the expense of others, namely Main Street job creators, who play by the rules.

    “If Prop. 30 becomes law, thousands of small businesses that rely on their ability to deliver their goods will be forced to pay for new vehicles that meet upcoming state emissions requirements while one company, Lyft, makes off with a king’s ransom.

    “Also, who’s to say the so-called rich will choose to remain in our state for yet another tax increase on them. And when their tax revenues vanish, guess who will have to make up for the lost money for our schools, roads, and hospitals? The rest of us.”

    While there is no standard definition of a small business, the typical NFIB member employs 10 people and reports gross sales of about $500,000 per year. Ninety percent of all small businesses are organized as passthrough entities (S-Corporations, sole proprietorships, LLCs, and partnerships), meaning business income from the sale of goods and services passes right through to the owners. Prop. 30 could affect some of them.

    Keep up with the latest on California small-business news at www.nfib.com/california or by following NFIB on Twitter @NFIB_CA or on Facebook @NFIB.CA.

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    For nearly 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 its founding in 1943, NFIB has been exclusively dedicated to small and independent businesses and remains so today. For more information, please visit nfib.com

    SOURCE


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