Even as lawmakers mischaracterized small businesses as "tax loopholes", NFIB members successfully prevented a new 3.8% tax from becoming law this year, with help from a nationwide advertising campaign.

In the words of small business owners, hear the top contributors to surging inflation and the impact on Main Street.

The "Inflation Reduction Act of 2022” had a proposed amendment that would have protected small businesses earning less than $400,000 from costly and burdensome Internal Revenue Service (IRS) audits.

In August, the NFIB Small Business Legal Center filed an amicus brief supporting small business property rights before the U.S. Supreme Court.

NFIB’s July Small Business Economic Trends report shows that small businesses continue to face an inflation crisis, as well as continuing supply chain issues and hiring shortages.