Small Change for Small Business
What is in the Stimulus Package for small business?
“There’s very little, if any, money in the stimulus package for small business, and what is there is really sort of a trickle-down from the benefits that go to consumers…and it’s a slow trickle, perhaps one you won’t see until sometime in 2010, and small businesses need help now. Less than 1 percent of every stimulus dollar will go to small business, despite that operations with fewer than 100 workers created 94 percent of all net job growth in America over the last 20 years.”
–Michael Alter, President of SurePayroll
SurePayroll surveyed more than 200 small-business owners nationwide to find out how the government could help them the most. 44 percent said they need immediate access to capital more than anything else. 29 percent said money invested in innovation and product development would really boost small business.
There seems to be very little disagreement by anyone that small business will be in the lead of our economic recovery–by putting people back to work first. That is why it is incomprehensible that Congress provided such a little bit of stimulus to small business–especially when the feds are also forcing banks to withhold loans.
Giving tax breaks and small checks to unemployed people, or people who are afraid they may become unemployed, might be a welcome gesture, but I believe people want jobs and job assurance, more than they want tax cuts.
I have some choice words for Congress, but I had better not print them here!
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