NFIB’s Hudak testifies against Gov. Wolf’s tax plan

Warren Hudak, Leadership Council vice chair for the National Federation of Independent Business (NFIB) and NFIB’s Pennsylvania Tax Committee chairman, voiced strong opposition to the governor’s proposed tax plan during a Senate Finance Committee hearing on Wednesday.

Gov. Tom Wolf's proposed Personal Income Tax (PIT) increase, Sales and Use Tax (SUT) increase and House Bill 504, which would raise SUT even higher, offer limited and temporary solutions, Hudak said.

"Small employers make up an enormous segment of Pennsylvania's business community, employing about half of all private sector employees," Hudak said after prefacing his remarks by pointing out that as a member-driven entity, NFIB has based its statement on carefully collected feedback derived directly from statewide business owners.

The owner of a Cumberland County-based accounting firm specializing in small-business accounts, Hudak added that approximately 80 percent of the commonwealth’s businesses are organized as small businesses.

Any increase in the PIT and the SUT will significantly affect the assorted everyday costs of doing business by increasing small businesses’ tax burden, Hudak testified. 

“Already, small employers and entrepreneurs pay a disproportionately high cost for services compared to larger companies that employ their own lawyers, accountants and IT professionals … small employers would be forced to pay taxes on these professionals’ services," Hudak said. 

Additionally, while proposals on the table might provide relief to residential homeowners, most small businesses would not benefit as they do not usually own the property on which their companies are situated. Consequently, NFIB must oppose any proposal increasing the PIT and SUT, regardless of property tax reductions, Hudak said.

Want to get notified whenever we write about National Federation of Independent Business ?

Sign-up Next time we write about National Federation of Independent Business, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

National Federation of Independent Business

More News

Metro Business Network