NFIB Says Pandemic Relief to Help Businesses Through Winter

The video discusses a new bill aimed at supporting small businesses, highlighting the inclusion of key requests such as PPP loans and loan forgiveness. Liability reform is deferred to next year. The impact of COVID-19 lockdowns on small businesses is significant, with many struggling to survive. Conversations with the current and incoming administrations emphasize the importance of small businesses to the economy. Seasonal hiring remains challenging due to health concerns and economic conditions.

What was one of the top requests by NFIB that was not included in the relief package?

• Tax deductions

• Liability reform

• Increased loan amounts

• State aid

What is a major concern for small businesses during the pandemic?

• High employee turnover

• Increased competition

• Lack of customers

• Potential lockdowns

What is the NFIB's stance on the importance of small businesses in the economy?

• They are a minor part of the economy

• They only contribute to local economies

• They are less important than large corporations

• They make up half of the GDP

What challenge do small businesses face during the holiday season?

• Increased taxes

• Lack of demand

• Supply chain issues

• Difficulty in hiring

What is a key focus for the incoming administration regarding small businesses?

• Increasing taxes

• Reducing regulations

• Ensuring they remain a priority

• Limiting their growth