Across the nation, state governments are considering – and in some cases have already passed – fuel tax holidays that temporarily suspend state-level gasoline taxes in response to sky-high prices. This wave of tax relief has been endorsed and celebrated by NFIB state directors, as high fuel prices are especially burdensome to small business owners.

In NFIB’s February Small Business Economic Trends report, the number of owners reporting inflation as their single most important problem in operating their business hit its highest level in over 40 years.

Throughout the pandemic, small business owners have been speaking out against proposed tax increases and new regulations and continue to tell their stories as Congress continues to consider these harmful policies.

Reports of labor costs as the top problem for small businesses remain at 48-year record highs in NFIB’s February Jobs report.

In a pandemic impact survey of small business owners, inflation pressures, supply chain disruptions and staffing shortages continue to challenge small businesses as they attempt to recover from the COVID-19 pandemic and its business restrictions.