One recent survey found that 61% of small business owners said they would have to increase prices as a result of the tax increase on them. Can you imagine what that would do to already high prices as a result of inflation? Nearly half of these small businesses reported they'd have to postpone or cancel capital investments. In other words, they couldn't grow their business, hire more employees or improve their equipment. Now these are not massive corporations, as we hear folks on that side of the aisle. (04:01–04:09)
CLAIM
Asserts that nearly half of small businesses would postpone or cancel capital investments.
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