Three strikes against Montana's small businesses
Release Date: 11/03/00

With the final weekend of the election upon us, Jon Seaton, NFIB western region political director, today renewed his call on gubernatorial candidate Mark O'Keefe, U.S. Senate candidate Brian Schweitzer, and U.S. House candidate Nancy Keenan to drop or clarify positions small business owners consider crucial to their abilities to remain solvent. Specifically:

The business-equipment tax. Incrementally reduced over the past decade from 12 percent to 3 percent, the cutting of the business-equipment tax has aided innumerable Montana small businesses with their solvency. Furthermore, the law (SB 200) that cut the tax to 3 percent also allows a total write off for small businesses with less than $5,000 in equipment. Equally important was a component to further reduce the tax until its complete elimination in 2007. This act, more than any previous measure, will do more to keep and attract small businesses in and to Montana. Yet, candidate Mark O'Keefe opposes eliminating the tax. NFIB again calls on him to drop his opposition to eliminating the job-killing, business-equipment tax and join his opponent, Lt. Gov. Judy Martz, in taking a stand for small business solvency and Montana prosperity.

The death tax. This business-killing financial burden on a son or daughter who inherits his or her parent's company makes it almost impossible for a second-generation family member to continue operating their mom and pop's business. NFIB research shows that more than 70 percent of family businesses do not survive the second generation, and more than 87 percent never make it to the third generation. NFIB again calls on U.S. Senate candidate Brian Schweitzer to quit fudging on this issue, by claiming he's for a reduction in the tax, and join Senator Conrad Burns who voted to kill the death tax.

Every tax and regulation. As a former state representative who opposed revising the state's workers' compensation laws (SB 315), as a lawmaker who opposed limiting frivolous lawsuits (HB 363), as a state Superintendent of Public Instruction who called an initiative passed by Montana voters to limit tax increases a 'piece of junk,' would Nancy Keenan, as a U.S. House member vote to saddle small businesses with the 'mother of all regulations,' ergonomics, and would she opposed a House-passed measure limiting punitive damage awards against small business owners who must spend $100,000 in court defending themselves against often frivolous and vindictive lawsuits? NFIB calls on her to clarify her future intentions with regard to small business and join her opponent, former Lt. Gov. Denny Rehberg, in addressing the fears of the state's small business owners, the engine of the Montana economy.

CONTACT: Jon Seaton 206.783.1805orTonyMalandra 415.664.9685

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