Tax holiday a big boost for small businesses

-A A +A

National Federation of Independent Business

COLUMBIA – Ben Homeyer, state director of the National Federation of Independent Business, says this weekend’s sales tax holiday is a big boost for struggling small businesses.

“The sales tax holiday is good for stores in general, but it could make a big difference for small businesses,” he said. “The sales tax holiday puts people in the mood to shop, and we’re hoping they buy at least some of their school clothes and supplies at small, locally owned businesses, because when you support small business, you support the community.”

The July 9  NFIB Small Business Optimism Index shows that small-business confidence sputtered and lost momentum in June. 

Eighteen percent of small-business owners surveyed reported “poor sales” as their biggest concern, up 2 points. Taxes and government rules and regulations ranked first, at 20 percent each.

Combined with the back-to-school sales a lot of stores are having right now, the sales tax holiday is going to help people get “a bigger bang for their buck,” Homeyer said. 

“The more we can encourage people to spend money and shop at small businesses, the more jobs we’ll save, and the faster our economy will recover,” he said.