I come to the floor this evening with a number of my Republican colleagues to speak about the small business economy. Small business owners have been devastated by the COVID-19 pandemic as they are still reeling from the Democrat-induced State and local shutdowns and economic downturn. At a time when Main Street USA has been focused on recovering from the health and economic effects of the pandemic, they are facing multiple challenges created by the Biden administration and congressional Democrats. Given our country's unprecedented labor shortage, skyrocketing inflation, and supply chain crisis, small businesses, entrepreneurs, and startups alike are forced to bear the brunt of the Democrats' failed economic policies. In the midst of this economic storm, small businesses should be given the tools to recover, but now they are also being threatened with major tax increases and more burdensome regulations. Since President Biden took office, we have seen multiple Democratic proposals that include increasing taxes on small businesses. Make no mistake: Tax hikes, no matter their form and fashion, will negatively impact Main Street USA. A survey by the Small Business and Entrepreneurship Council found a majority of small business owners believe new taxes will significantly hurt their ability to recover from the pandemic. Simply put, this is unacceptable.…
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