Rayanne Thorn: Jobseekers: Understanding the Candidate Experience
LOOK: Mystery Man Gives Canada Animal Shelter $25,000 In Random Act…
Most Small Businesses Displeased with Federal Economic Policies
More than 75 percent of survey respondents say they are "not very satisfied" or "not at all satisfied" with current federal economic policies.
Posted 6/ 2 11 at 10:00 AM | News, Taxes & Accounting, Government Services
Text Size:
A A A
Now that tax season is over, researchers can more accurately evaluate how small businesses benefited from new tax credits. Turns out, not very well. A recent survey released by the Small Business and Entrepreneurship Council (SBE Council) looked at a variety of economic issues pertaining to entrepreneurs, including their satisfaction with federal economic policies, their financial outlook and the new health care law.The report surveyed 304 small-business owners and found that only 7 percent used the new small-business health care tax credit offered by the Affordable Care Act. Among the respondents who didn't use the credit, 20 percent said it was because they weren't aware of it, while another 27 percent said they were aware but their business wasn't eligible. An additional 21 percent believed the credit was too small and didn't offer any real benefit. When asked their opinion about the financial benefits of the Affordable Care Act, 69 percent of small-business owners said they don't believe the new law will make health insurance more affordable.
Overall, the survey revealed widespread displeasure with federal policies. Just over half the respondents -- 51 percent -- said they are "not at all satisfied" with the current federal economic policies, while an additional 25 percent replied they are "not very satisfied."
Raymond J. Keating, the chief economist for the SBE Council, said these findings should come as no surprise. "For the most part, entrepreneurs want federal policymakers to impose a light tax and regulatory touch, keep spending under control, maintain low inflation, and otherwise get out of the way so entrepreneurship and investment can thrive," Keating said in a statement. "Until federal policymaking moves in a clear pro-entrepreneur, pro-growth direction, most small-business owners face great uncertainty."
Getty Images
- 'Marriage Penalty' Could Make Costly Return - CNNMoney
- Oil Rises on Optimism for Cliff Deal - FOXBusiness
- Dow 2012: The Studs and Duds - InvestorPlace
- Turning the Corner: Why 2012 Wasn't as Bad as You Think - The Motley Fool
- World’s Longest High-Speed Rail Line Unveiled In China - IBTimes
- FORGET THE DEFICIT: Here's The Real Reason Liberals Want To Hike Taxes On The Rich - Business Insider
- CEOs to Fire in 2013 - 24/7 Wall St.
- DailyFinance Market Minute - DailyFinance
Comments (Page 1 of 2)
Obama will learn that "small business" drive the employment market and when you over regulate, over tax, have an anti-business attitude and give unions too much advantage, you will kill the very economic sector of business in THIS nation that gives you growth, jobs, and production to make big increases in GNP. This nation has always suffered when the President forgets these basic truths.
Obama is killing this country
Obummer gets it alright......... Just think about it. If you WANTED to destroy and bring down the economy of this great nation, you would do all the things that Obummer has done to finance, business, taxes, "free" Federal give away schemes, lavish more socialist/Marist type of programs like ObozoCare, and raise taxes in the end as final insult to injury.
Accidental, not even a small chance: He is disciple of Paul Alinski.
Most of the people who want to tax multinational companies are people who have never signed the front of a pay check only the back. In a capitalistic world business goes to where profit is greatest. If you increase tax on multinationals they move overseas. Switching from an income tax to a "sales tax" curees that problem! Having said that, as a Master tax professional I know full well that the income tax has too many people with vested interests needing to keep status quo to stay employed. to ever go away
Our 'American' businesses continue to outsource viable jobs overseas chasing near slave labor, we are fighting three wars AND cutting taxes at the same time. None of this is sustainable. Taxes will have to go up as loopholes are closed and multinationals are required to pay their fair share of taxes. The Bush tax cuts were irresponsible in light of the spending he put in place and its been down hill since then. The American Middle class is tapped out. There is very little left to get out of a gutted source. When that is gone, then what? Shut down the Government? Well the Taliban will be pleased to hear that. Go Republicans, keep gutting the Ameican middle class. Go Democrats, keep that Amnesty dream alive. The US will be a memory in no time.
The ONLY reason Bill Clinton had a budget surplus when he left office along with welfare reform, and a pro-business environment is because the Republican Party had the majority in both houses of congress. Clinton was smart enough to work with the Congress unlike Obama. If this Obamacare survives that will be the death knell for business. My business is 9 years old and was doing better before Obama. We are almost back, no thanks to his policies.
Bill Clinton and John Kennedy were the only Demorats who understood how to create Jobs.........reduce Federal Spending and cut Taxes..........
submit a Budget which is close to Balance (5 % Deficit Limit) and then
reduce taxes on investment...........it works ! Is it too late for Clinton to run for a 3rd Term ? Instead we have HUGE DEFICITS and no
limits on the Fed printing $$$.........which strikes FEAR in the Hearts
of Reasonable Men !
We should stop being the world's police dept. We give 3 billion dollars in military aid to Pakistan annually and they mock us by keeping Bin Laden safe. We are a joke. I can't even listen to this bullshit anymore. It really pisses me and alot of other people off. This country is run by assholes who have never done a days hard labor in their life. As for president O'Scumbag let's continue to borrow money so we can give lazy dirtbags "More Free Shit". Unbelievable is an understatement.
As for "LL Wikinson I'm sure you're getting some kind of public assistence money by sitting on your fat a**.
Wow. You must have had a business with no competition or in a field that dealt in a lot of cash. My business is nine years old and is in the most competitive market in the country. I paid zero tax two years in the past BECAUSE I MADE NO MONEY, but my 13 employees all paid tax. There are plenty of small businesses that are run in a predatory manner with little conscience on the owners part. If you want to walk on people and take advantage of them and cheat on your taxes, you too can pay little. I respectfully disagree with your statements. I started my business with a secondary goal to run it fairly, morally and to not take advantage of my employees. I truly would like to make more but the tax load is a real problem and I am not just talking income tax.
Hello? Small Business or Self Employed Do NOT, Repeat DO NOT improve Employment for the Masses..And They pay Alot Less Taxes btwn all the Deductions they can Take..
We were Self Employed, small business for 30 yrs and paid an ave of just 11% Fed Taxes after all the Deductions we were legally allowed..Many yrs? No Taxes!
And Consider this! Only 1 out of 7 Small Businesses and Self Employed Stay In business for longer than 3 yrs ! What does THAT Tell you?
Long Term Jobs have to come from either Big Companies or The Gov't..Not from Small Business sector..
All they want is to get the People Employed for the SHORT Term and not For the Long Term...
Just to make them Look Good and Get ReElected..
Lets start seeing Employees getting their Health Care Premiums paid for by their Employers, Start Paying Income Taxes on that as a Employee -Payroll Benefit!
Sames as for Any Gov't or Union Worker has to do..
and be nice? 1% Tax be given to the VA.. Veterans Administration.. You really want to support Our Troops? Put your $ where your mouth is...If not for those Vets Serving? You and or Your Childen would have too..
The SBA loves to spout off about the number of jobs small businesses create but they do not tell us that while small businesses create say 800,000 jobs they loose 799,999. Look at the percentage of small businesses that go broke each year. There is almost net job creation.
Joe,
You sound like a politician - hoping that people will believe you just because you said it. However, big biz is not the job growth engine, and you can't make it come true just by saying it.
The Small Business Administration states the #1 job growth sector is companies with 1-9 employees and the #2 job growth sector is companies with 10-19 employees. You can't just say things and have them be true. Very small business is indeed the job creation engine in America.
Just do the simple math. There are 27.5 million businesses with 1-19 employees and only 17,500 corporations with over 500 employees. If only 10% of those small businesses added just one employee each, America gets 2.75 million new jobs. To just equal that, we would need every single corporation with 500 employees - 100% of them - to add 150 jobs each.
And many more small businesses are created each year than fail, so your "failure" argument also carries no weight, either.
It is a nightmare for small businesses to comply with the myriad of regulative hurdles, which we've thrown at them. I wish that they had statistics of how many businesses (jobs) are pushed under by excessive regulations, even as others are boosted in an attempt to "socially-engineer." Continue to discourage the businessman, then complain about "the economy?" Why?
Obama has destroyed the dreams of many hard working American taxpayers by giving so many freebies out to non-working govt freeloaders. Obama is a legal Robin Hood, only Obamas stealing from middle class people.
When reading of job growth , job creating etc. it is important that we do not allow the speaker to confuse the issue by word shifting. The SBA is great at this, they scream how their constituency group small business create new jobs but they do not reference job growth (the net jobs small business add to the economy). The SBA will tell us that 90% of small businesses go under in the first three years. It should be clear from the failure rate that small business do not create many NET job new jobs.
It's inspiring and refreshing to read comments on this site written by people who actually appear to know what they are talking about and express their opinions well.======= (As opposed to many of the Huffington Post site's comments.)
It's inspiring and refreshing to read comments on this site written by people who actually appear to know what they are talking about and express their opinions well.======= (As opposed to many of the Huffington Post site's comments.)
These are the people on the frontlines. The ones who created the jobs and actually know if the economy is good or bad. According to Keynes, it is these people whohave to bemotivated to invest in the economy. Doesn't look like Obama has a clue about them and what's more as one of them, I don't think he cares. He's too busy demonizing American business.
Words here are jsut being wasted until the arrogant, nut case, idiot in Washington is thrown out
in 2012. Then and only then will this Country starrt to survive. Case in point, why would this clown
take 500 people and 40 cars on his latest trip to the UK Guess he is still mad becasue the Queen
forbid his invitation to Prince William's wedding Maybe next time he will keep his hands off the
Queen. Some class would be of help to him. (Never happen)