Our Research: Government Accountability
Small business owners are the backbone of our economy, yet they feel at a disadvantage when it comes to tax policies, especially those that favor large corporations, and support targeted policies they see as benefitting the vast majority of small firms, not those that only benefit a few.
As recent banking closures like the Silicon Valley Bank collapse shake the financial system, Small Business Majority surveyed small business owners and decision-makers around the country to understand their concerns about banking and access to credit.
Policymakers at all levels, from town councils to the halls of Capitol Hill, emphasize the challenges of small businesses as a key talking point during political debates. But new opinion polling in four states—Illinois, Missouri, Virginia and Wisconsin—reveals small businesses feel their government officials don’t actually understand their challenges, and they support a wide array of policies to address their needs, some of which might come as a surprise to their elected officials.
A new scientific opinion poll found small business owners support commonsense business regulations and do not feel current levels of regulation are a top business concern. The poll also found current levels of regulation are not a top concern for our nation’s small business owners, and they do not support rolling back all federal regulations on businesses.
Recent scientific opinion polling found small business owners are broadly supportive of a range of policies that would support responsible lending. Specifically, the poll found 77% of small business owners support a policy that would lift a cap on credit union lending and an overwhelming 87% support a “truth in lending” act for small business loans to increase transparency, among support for other policies.
Recent scientific opinion polling found small business owners overwhelmingly believe Congress should pass legislation requiring businesses to list their true identity when forming. Such legislation is being considered to fight fraud committed by anonymous shell companies, including when larger companies use these entities to unfairly compete for government small business set-asides. Additionally, the poll found small business owners think such legislation would benefit, rather than burden, their business by protecting them from fraud and allowing them to compete fairly for government contracts.
Scientific opinion polling found small business owners think predatory lending practices are a problem, and they overwhelmingly support stronger regulations on alternative lenders to ensure they have safe, responsible access to capital.
Small Business Majority's scientific opinion polling shows small business owners often feel disadvantaged by large corporations and the electoral system overall. They believe our current campaign finance system puts large corporations at a competitive advantage and support significant reforms to level the playing field between small employers and large corporations.
National opinion polling shows small business owners believe government can play an important role in creating financial incentives that help small businesses take energy efficiency measures.
Small businesses are working hard to move their companies, and our economy, beyond the recession. As much as they’ve already accomplished to lift employment levels, these entrepreneurs are not immune to the lingering effects of our disrupted financial market, and they want smart steps taken to address their needs.
As small business owners prepare to close the books on 2012, our country is fast approaching the edge of what’s been dubbed the “fiscal cliff.” This critical situation—created by a host of tax cuts set to expire at the end of 2012, coupled with billions of dollars in automatic spending cuts that will be triggered if Congress and the president can’t agree on a way to reduce the deficit by year’s