The survey also looked at attitudes toward specific policies. Seventy-nine per cent of small retailers support efforts to lower federal tax rates by eliminating tax loopholes, and 73 per cent of small retailers are concerned by the complexity of the federal tax code.
Nearly 60 per cent believe proposed regulations to fine companies that allow flexible employee schedules due to changing worker demands or business needs would hurt their businesses.
Overtime expansion proposed by the Labour Department would likely result in negative consequences for nearly half (44 per cent) of small business owners, according to the survey. And more than one-third (37 per cent) of small retailers say raising the minimum wage to $15 per hour would either cause their business to fail or threaten its existence. (SH)
Fibre2Fashion News Desk – India
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