In the News: The PRO Act has 61% of Small Business Owners Leery – Small Business Trends

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You could argue the policies and laws congress puts forth are designed to help everyone, but somehow they never quite turn out that way. This week’s leading roundup article, 61% of Small Businesses Say PRO Act Will Destroy Their Business proves that very point. The data comes from a survey carried out by Alignable with a large pool of 11,606 participants.

The PRO Act is pending action by the Senate, with the Biden administration indicating it could become part of the $2.3 trillion infrastructure bill. So, why are 61% of small business owners not so eager about this bill? Here are two of the biggest issues that will force more regulations on small businesses:

  1. The PRO Act is pro-union legislation. The “PRO” stands for Protecting the Right to Organize. The PRO Act was passed by the House last month and is pending action in the Senate.
  2. The PRO Act would require companies to hire many independent contractors as W-2 employees. It would follow what’s called the ABC guidelines to define independent contractors.

If the bill passes, the impact will have a consequential impact on how small businesses operate.

The PRO Act,  The American Rescue Plan Act, as well as What Your Customers Now Want in 2021, are some of the articles that address the many issues small business owners face on Small Business Trends.



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