Beautiful Virgin Islands

Monday, Oct 06, 2025

NYC billboard rips Biden's proposed tax hike for small businesses: 'Not on our watch!'

NYC billboard rips Biden's proposed tax hike for small businesses: 'Not on our watch!'

A president of a small business warns the move 'would be a really bad call'

A billboard erected in New York City slams President Joe Biden’s reported consideration to increase taxes on small businesses, saying “HELL NO!”

Speaking on “Fox & Friends” on Wednesday, HM Manufacturing president Nicole Wolter warned tax hikes “would be a really bad call.”

“We’re just getting out of COVID lockdowns and it's hurting small businesses more than ever,” Wolter said. “So raising taxes would be the worst possible situation.”

On Monday, the Job Creators Network (JCN), a small business advocacy organization, erected the billboard in Times Square calling out President Biden for the potential tax increases.

The billboard reads, “Biden wants to raise taxes on small businesses?” and continues, “HELL NO! NOT ON OUR WATCH!” It also directs readers to a website dedicated to tracking the number of jobs Biden’s policies “have put at risk,” according to JCN.

Biden is reportedly considering getting rid of the 20% small business standard deduction and raising the tax rate paid by pass-through entities, many of which are small businesses, according to JCN.

Wolter, who had been rewarding her employees and growing her business thanks to the deduction, said the potential move by the Biden administration “would be super detrimental.”

“The Tax Cuts and Jobs Act was so large for this company of mine,” Wolter said, explaining that she runs a family business, which employs 20 people and is growing.

“I bought $750,000 worth of capital equipment, which created jobs. Because of those jobs I sent for training, which increased the employees’ wages. I was able to give incentives and bonuses. Things that I wasn't able to do in years past,” she continued, stressing that increasing taxes would be a “bad” move for small businesses especially during the pandemic.

Speaking on “Fox & Friends” on Thursday, Job Creators Network President and CEO Alfredo Ortiz explained what prompted him to erect the billboard slamming the reported consideration to increase taxes.

“This is all part of our Bring Small Businesses Back campaign that just kicked off,” Ortiz said. “We thought this would be a great way to actually kick it off.”

The campaign is “a multi-million dollar effort to educate the public and lawmakers about the consequences Biden administration policies will have on Main Street,” according to JCN.

“We say ‘hell no’ to Joe Biden's plan here to raise taxes on small businesses,” he added, stressing that “2020 was a horrific year for our small business owners” with “tens of thousands of small businesses being closed” and “millions of people losing their jobs.”

“Thank goodness for the Paycheck Protection Program, which was put in place that saved millions of people millions of jobs, 51 million jobs in fact,” Ortiz went on to say.

The Biden administration is reportedly exploring tax increases on businesses, investors and wealthy Americans to fund the president's next multitrillion-dollar spending bill.

White House officials are currently drafting a multipart proposal that will serve as the basis of Biden's “Build Back Better” plan, a wide-ranging infrastructure and jobs measure that would include policies to combat climate change, as well as ways to revitalize the manufacturing industry and revamp housing, education and health care.

The measure could cost upward of $3 trillion, according to The Wall Street Journal. The proposals largely mirror what Biden proposed as a candidate during the 2020 presidential campaign.

The tax proposals are almost certain to spur criticism from Republicans, as well as some moderate Democrats who are wary of raising tax rates while the economy is still recovering from the coronavirus pandemic.

An analysis of Biden's tax plan conducted by the Tax Policy Center estimated it would raise $2.1 trillion in new revenue over a decade.

In the span of one year, Congress approved about $6 trillion in relief measures, pushing the deficit to a record $3.1 trillion in fiscal year 2020 — which doesn't include the $900 billion relief package lawmakers approved in December or the $1.9 trillion American Rescue Plan passed in March. The national debt is poised to hit $30 trillion by the end of the year.

“From a small business perspective, we have got to remember two-thirds of job creation is in the hands of small businesses and these small businesses, not only are they the backbone of our country, they are the backbone of our communities,” Ortiz said on Thursday.

“That's the very group of people that the Biden administration, quite frankly, has declared war on,” he added. “This is Biden's war on small business.”

A Biden spokesperson did not immediately respond to Fox News’ request for comment.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Munich Airport Reopens After Second Drone Shutdown
France Names New Government Amid Political Crisis
Trump Stands Firm in Shutdown Showdown and Declares War on Drug Cartels — Turning Crisis into Opportunity
Surge of U.S. Billionaires Transforms London’s Peninsula Apartments into Ultra-Luxury Stronghold
Pro Europe and Anti-War Babiš Poised to Return to Power After Czech Parliamentary Vote
Jeff Bezos Calls AI Surge a ‘Good’ Bubble, Urges Focus on Lasting Innovation
Japan’s Ruling Party Chooses Sanae Takaichi, Clearing Path to First Female Prime Minister
Sean ‘Diddy’ Combs Sentenced to Fifty Months in Prison Following Prostitution Conviction
Taylor Swift’s ‘Showgirl’ Launch Extends Billion-Dollar Empire
Trump Administration Launches “TrumpRx” Plan to Enable Direct Drug Sales at Deep Discounts
Trump Announces Intention to Impose 100 Percent Tariff on Foreign-Made Films
Altman Says GPT-5 Already Outpaces Him, Warns AI Could Automate 40% of Work
Singapore and Hong Kong Vie to Dominate Asia’s Rising Gold Trade
Trump Organization Teams with Saudi Developer on $1 Billion Trump Plaza in Jeddah
Manhattan Sees Surge in Office-to-Housing Conversions, Highest Since 2008
Switzerland and U.S. Issue Joint Assurance Against Currency Manipulation
Electronic Arts to Be Taken Private in Historic $55 Billion Buyout
Thomas Jacob Sanford Named as Suspect in Deadly Michigan Church Shooting and Arson
Russian Research Vessel 'Yantar' Tracked Mapping Europe’s Subsea Cables, Raising Security Alarms
New York Man Arrested After On-Air Confession to 2017 Parents’ Murders
U.S. Defense Chief Orders Sudden Summit of Hundreds of Generals and Admirals
Global Cruise Industry Posts Dramatic Comeback with 34.6 Million Passengers in 2024
Trump Claims FBI Planted 274 Agents at Capitol Riot, Citing Unverified Reports
India: Internet Suspended in Bareilly Amid Communal Clashes Between Muslims and Hindus
Supreme Court Extends Freeze on Nearly $5 Billion in U.S. Foreign Aid at Trump’s Request
Archaeologists Recover Statues and Temples from 2,000-Year-Old Sunken City off Alexandria
China Deploys 2,000 Workers to Spain to Build Major EV Battery Factory, Raising European Dependence
Speed Takes Over: How Drive-Through Coffee Chains Are Rewriting U.S. Coffee Culture
U.S. Demands Brussels Scrutinize Digital Rules to Prevent Bias Against American Tech
Ringo Starr Champions Enduring Beatles Legacy While Debuting Las Vegas Art Show
Private Equity’s Fundraising Surge Triggers Concern of European Market Shake-Out
Colombian President Petro Vows to Mobilize Volunteers for Gaza and Joins List of Fighters
FBI Removes Agents Who Kneeled at 2020 Protest, Citing Breach of Professional Conduct
Trump Alleges ‘Triple Sabotage’ at United Nations After Escalator and Teleprompter Failures
Shock in France: 5 Years in Prison for Former President Nicolas Sarkozy
Tokyo’s Jimbōchō Named World’s Coolest Neighbourhood for 2025
European Officials Fear Trump May Shift Blame for Ukraine War onto EU
BNP Paribas Abandons Ban on 'Controversial Weapons' Financing Amid Europe’s Defence Push
Typhoon Ragasa Leaves Trail of Destruction Across East Asia Before Making Landfall in China
The Personality Rights Challenge in India’s AI Era
Big Banks Rebuild in Hong Kong as Deal Volume Surges
Italy Considers Freezing Retirement Age at 67 to Avert Scheduled Hike
Italian City to Impose Tax on Visiting Dogs Starting in 2026
Arnault Denounces Proposed Wealth Tax as Threat to French Economy
Study Finds No Safe Level of Alcohol for Dementia Risk
Denmark Investigates Drone Incursion, Does Not Rule Out Russian Involvement
Lilly CEO Warns UK Is ‘Worst Country in Europe’ for Drug Prices, Pulls Back Investment
Nigel Farage Emerges as Central Force in British Politics with Reform UK Surge
Disney Reinstates ‘Jimmy Kimmel Live!’ after Six-Day Suspension over Charlie Kirk Comments
U.S. Prosecutors Move to Break Up Google’s Advertising Monopoly
×