Economy

Small business success is the solution to our economic woes

While tax day is behind us, most small business owners have likely filed extensions to let them continue combing through the tax code looking for ways to keep their hard-earned dollars in their own coffers instead of in Uncle Sam’s. Fortunately, there have been some encouraging developments recently in Congress that could significantly impact small businesses.

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Streamlined Home Office Deduction Could Mean Extra Bread for Small Business Owners

John Arensmeyer

Small business has been the focus of Washington’s high-profile tax debate, both prior to and following the “fiscal cliff” fracas that closed out 2012. But as noisy as the small business tax issue has been, there’s been considerably more time spent debating cuts that will help a thin sliver of taxpayers in the top brackets than hashing out solutions that will help the vast majority of entrepreneurs

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“Fiscal Cliff” Deal Good for Small Business, but More Needs to be Done

John Arensmeyer

Original statement issued Jan. 1, 2013:

The small business community and the nation breathed a sigh of relief today as lawmakers reached a bi-partisan 11th hour deal to avert the “fiscal cliff,” while taking significant steps to reduce our budget deficit. However, more work must be done to put our country on a responsible path toward long-term economic growth and fiscal sustainability.

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Entrepreneurs to Congress: Extend Middle Class Tax Cuts Now

The New Year is just around the corner, which means we’re mere days away from falling off the so-called fiscal cliff. This impending situation — created by a vast array of tax provisions set to expire January 1, at the same time that across-the-board spending cuts start to kick in — could spell disaster for the small business community and our slowly recovering economy.

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Poll Finds Small Businesses Wary of Fiscal Cliff, Looking for Pragmatic Fix

John Arensmeyer

As Fairfax, Va., small business owner Mike Brey prepares to close the books on 2012, he’s also starting to make expansion plans. But he hasn’t sealed the deal on his two new Hobby Works stores yet — largely because of growing economic uncertainty as we race toward the edge of the “fiscal cliff.”

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October Employment Reports Offer Small Business Rejuvenated Encouragement

With the news Friday that the private sector added 171,000 jobs in October, according to the U.S. Bureau of Labor Statistics, it’s evident our country is on its way to recovery. As the economy improves, it’s also clear small businesses are becoming more confident in their ability to rebound.

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Pushing High-Income Tax Cut Under Small Business Guise: Not Good Fiscal Policy

John Arensmeyer

As the year progresses, small business owners are becoming increasingly iconic in Washington. In the latest round of legislative battles over whether to eliminate tax breaks for high-income earners, the small business voice is unscrupulously being leveraged to push a partisan agenda — an agenda that assumes small business owners are high-income earners. But there’s a problem. For the most part, they’re not. And the real voices of small business owners are fighting to be heard.

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