WASHINGTON – To mark the recent National Small Business Week, Competitiveness Coalition Chair Scott Brown highlighted three Biden administration policies harming small businesses in his latest op-ed for Fox Business. 

“First, the Administration continued deflecting responsibility for lingering inflation onto private companies with their obsession over so-called “junk fees,” which are service charges imposed by private companies that the Biden Administration deems to be unfair. Sure, no one likes paying unexpected costs, but consumers also are free to shop around on different platforms or apps,” writes Brown, a former Senator and Ambassador. “Furthermore, the Administration is applying an overly broad, one-size-fits-all mentality rather than specifically targeting certain industries. They’re deploying a sledgehammer for a situation that calls for a scalpel.”

Brown continues by pointing out the illegality and devastating ramifications of the Federal Trade Commission’s (FTC) ban on non-compete agreements: “Framed by FTC Chair Lina Khan and her followers as evil contracts that prevent workers from switching jobs in search of better employment opportunities, the reality is more complex. Non-competes are an essential tool to prevent corporate espionage and ensure that competition is fair, which is ironically a tentpole of the FTC mission statement too often ignored by Khan in pursuit of her ideological crusade.”

Brown concludes with a warning on the devastating ramifications if Biden follows through with his threat to let 2017’s Tax Cuts and Jobs Act expire: “The law not only lowered the marginal tax rates and widened tax brackets, but also expanded credits aimed at families, including the standard deduction and child tax credit – both of which nearly doubled. Also, the TCJA included the small business deduction in Section 199A, which allows these taxpayers to deduct up to 20% of their qualified business income. By lowering their tax burden, the tax law has given small businesses the relief and flexibility to expand, pay higher wages, or financially prepare for the unknown.”

Read the whole piece here. 

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The Competitiveness Coalition is a first-of-its-kind group educating the public and advocating for policies that put consumers first while fostering innovation and attracting new investment.