Business Owners Revolt Against Biden
Biden is hurting everybody.
President Biden and his administration has now proposed a new rule which may re-classify millions of gig workers as employees which could deal the biggest blow to small business owners across America.
According to Fox, Biden’s Labor Department released a new proposal that would make it very difficult for small businesses to classify their workers as independent contractors. Basically this plan could destroy millions of small businesses.
Companies must give specific benefits and legal protections to employees but not contractors this move by Biden could make it very difficult for small business owners to operate their business.
Small business owners would now have to provide things like minimum wage, overtime, Social Security and Medicare payroll taxes, unemployment insurance and workers’ compensation insurance for people who were previously contractors.
The final decision on this proposed rule will officially be released next year however small business owners are in deep trouble if Biden does this.
