Constitution State News

Andy Markowski, the State Director for the National Federation of Independent Business (NFIB), has expressed approval of a legislative move to suspend Connecticut's gas tax. The bill, which has passed both the House and Senate and been signed into law by the governor, will suspend the state's 25-cent per gallon gas tax from April 1 through June 30.

Markowski highlighted concerns among small business owners regarding inflation, as reflected in the latest NFIB Small Business Optimism Index. According to this index, "26 percent of small business owners nationwide said inflation is the single most important problem in operating their business," marking a peak not seen since 1981.

"Our small business owners have expressed frustration with Connecticut’s high gas tax time and time again," Markowski stated. He praised the bipartisan effort, saying it would provide relief to local businesses that depend on fuel for daily operations. "Suspending the gas tax will not only benefit small business owners but every single consumer here in Connecticut."

The NFIB has urged swift action from lawmakers, calling on the Senate to support what they consider sensible legislation aimed at aiding small businesses during challenging economic times.

Small businesses are currently grappling with multiple challenges including record inflation, rising energy costs, labor shortages, and supply chain disruptions. The recent NFIB Small Business Recovery Survey revealed:

- 67% are experiencing staffing shortages

- 77% have lost sales due to staffing shortages

- 27% say staffing shortages are worse than three months ago

In addition to suspending the gas tax, the legislation introduces an extra sales tax holiday on clothing and footwear for one week in April.

"Our small business owners welcome any legislation that will help spur economic activity," Markowski noted. He warned that without legislative support, many entrepreneurs might face closure.