Small Businesses See Dark Clouds For Economy As Inflation Eats Into Profits And New Taxes Loom
Small business owners are not particularly optimistic going into the final quarter of 2021, chalking up their pessimism to ongoing shortages, inflation and new taxes looming over the horizon.
Pent-up demand after more than 18 months of the COVID-19 pandemic is roaring ahead, pushing up prices and leaving businesses struggling to keep pace with it.
The National Federation of Independent Business (NFIB), one of the largest business associations representing small businesses in the U.S., found that these struggles and fears are chipping away at their members' confidence in the economy. Last month, the NFIB's optimism...