Following the release of Governor Shapiro’s 2026 budget proposal, concerns have emerged among small business owners regarding potential tax increases and increased government spending. The proposed budget would raise state expenditures and is projected to create a $4.5 billion deficit.
The National Federation of Independent Business (NFIB) has called on Pennsylvania legislators to avoid new taxes and to approve a balanced budget that does not increase the financial burden on small businesses.
Governor Shapiro’s plan also includes raising the minimum wage to $15 by 2029, with further automatic increases tied to inflation. According to an economic study commissioned by NFIB, this measure could result in the loss of more than 104,000 jobs in Pennsylvania over the next decade, primarily affecting small businesses, and could cost the state $14 billion during that period.
“Pennsylvania legislators can put a stop to overspending, but they need to hear from you! Take action now and urge your lawmaker to pass a balanced budget with no tax increases on Main Street.”
“Gov. Shapiro has proposed a minimum wage increase every single year he has been in office. Under his 2026 proposal, the minimum wage would reach $15 by 2029, then increase automatically based on inflation. According to an economic study commissioned by NFIB, a $15 minimum wage would cost Pennsylvania more than 104,000 jobs, mostly from small businesses, and $14 billion over the next decade. Tell your lawmaker you cannot afford an increased minimum wage!”
