In a matter of days, Coloradans will have an opportunity to protect the future of entrepreneurship by approving Amendment 79, which would enshrine current abortion protections in our state constitution. Aside from allowing women to make choices about their own bodies, this would also safeguard women entrepreneurs who need freedom of choice in order to access economic freedom.
Small Business News
This time around, Congress must consider the needs of the overwhelming majority of small businesses, many of which are struggling just to stay open and would greatly benefit from common sense tax reform that delivers more bottom-up benefits. Failure to make important changes that would help support America’s smallest businesses will only further enshrine the inequities in our tax system.
Over in Powhatan, Va., Shirley Modlin, the co-owner and CEO of 3D Design & Manufacturing, has long offered her roughly 15 employees two hours of paid time off to vote. But talking about politics on the job is a different story, she said.
That’s how Elaine Read is feeling. She runs a boutique chocolate maker in Atlanta called Xocolatl, and says her sales have been running well above previous years, giving her confidence to hire plenty of seasonal employees heading into the crucial holiday season. At the same time, finding workers has been less challenging as the intensely competitive labor market of 2022 and early 2023 has eased.
“Small business owners consistently tell us that they’re struggling under the weight of increasingly high healthcare costs,” said Small Business Majority Founder & CEO John Arensmeyer. “Something has to be done to get these expenses in check, and site-neutral billing is a great way to help contain healthcare costs. If we don’t take action to address the enormous cost of healthcare, more and more small businesses will be forced to make difficult decisions such as cutting back employee benefits or, in some cases, closing down their businesses.”
“Our position is that we should reform 199A,” says John Arensmeyer, the founder and CEO of Small Business Majority, a national small business public policy advocate. Arensmeyer says Harris hasn’t taken a clear position on 199A, though he notes that former President Trump isn’t talking much about small business in general leaving onlookers to “divine” what his plans entail.
The idea had been championed by some organizations, such as Small Business Majority, which has conducted polls suggesting that about half of small businesses also support raising the corporate tax rate and the capital gains tax.
Since 2021, entrepreneurs nationwide have filed 19 million new business applications. We need a president who prioritizes fueling an ecosystem that will support this growth. I’m grateful that Vice President Harris is looking out for small businesses, backing up her rhetoric with practical ideas and willing to make an investment in America’s job creators.
Former DEC Network executive Tarsha Hearns will join the Washington, D.C.-based Small Business Majority advocacy organization next month as vice president for entrepreneurship. Hearns, who was senior director of ecosystems at the Dallas-based DEC Network since June 2022, will direct Small Business Majority’s educational programming and resources initiatives, which provide a suite of programs and resources to small business owners to empower them to start and grow their enterprises and maximize their economic prosperity.
Hobby Works President Michael Brey knows his customers are fed up with price increases, so he’s stocking up on less costly products he thinks people will actually go for. At his stores in Rockville and Laurel, Maryland, the pandemic-era days of passing on price hikes for items like train sets, remote-controlled cars and drones are over.