If the 20% Small Business Tax Deduction is made permanent, the U.S. would gain over a million jobs each year, according to the analysis. In Maine, 6,000 new jobs would be created annually for the first 10 years.
The Maine chapter of the National Federation of Independent Business says proposed legislation to expand paid family and medical leave could negatively affect thousands of small businesses.
One in four small business owners said they'll have to close their doors for good in the next six months if economic conditions don't improve. Small businesses employ more than half of Maine's workforce.
The $2 trillion federal relief program could be a lifesaver for Maine businesses struggling with impacts of COVID-19. But will the relief come soon enough?
A National Federation of Independent Business survey found that 92% of small-business owners are being negatively affected by COVID-19, as opposed to 76% when surveyed two weeks ago.
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