Virginia Small Businesses Request Tax Relief, Lower Regulations

With Virginia’s 2022 legislative session underway, a small business association is asking lawmakers to consider tax relief, lower regulation and other policies to help the commonwealth’s business community.

The National Federation of Independent Business announced its Small Business Recovery Plan, which includes four legislation principles they hope lawmakers consider during the session. The NFIB plan includes lower taxes, repealing some regulations, financial assistance and unemployment insurance reform, which the group believes will help businesses that are still struggling from their pandemic-era losses, a labor shortage and skyrocketing inflation rates.

“Virginia’s small businesses have had a rough couple of years, starting with the pandemic and continuing with the labor shortage and disruptions to the supply chain,” NFIB State Director Julia Hammond said in a statement. “Our ‘Small Business Recovery Plan’ is a set of legislative principles that outlines the issues of greatest concern to Virginia’s small businesses. Legislators should keep these principles in mind while crafting bills during this year’s session of the General Assembly.”

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