As we enter the last leg of the presidential campaigns, a lot of voters are still asking, “Where’s the beef?” After three presidential debates – in which Big Bird seemed to generate more attention than talk about serious economic recovery – the candidates have yet to offer much reassurance to the small business community, and the saturated rhetoric from the trail has not quelled business owners’ concerns.
That is unfortunate. Americans need definitive answers, backed up by action once in office, of how each side plans to get the US back on a path of recovery. Some of the biggest problems derailing our nation from recovery are economic and political uncertainty created by failed policies in Washington and gridlock that prevents any real solutions.
There’s been a lot of finger pointing about who’s to blame for why the country continues to experience dismal economic growth. Last week’s jobs report from the U.S. Bureau of Labor Statistics offered a bit of good news at long last, but a bit of good news is a lot less than we need to create long-term recovery.
The National Federation of Independent Business’ monthly Small Business Optimism Index for September was also released this week, indicating another month of low expectations and pessimism for the small-business community. Small-business owners are reporting that the political climate is a major reason not to expand — second only to the economy. Business owners are in maintenance mode, spending only where necessary and not hiring, expanding or ordering more inventories until the future becomes more certain, making this election critical for small businesses.
On Monday, we recognized National Citizenship Day, to commemorate the signing of the U.S. Constitution on Sept. 17, 1787. It also recognizes all who have become U.S. citizens. In conjunction with this holiday, we must tout the unique freedoms that allow us to grow and thrive.
Our small-business community supplies 85 percent of Florida’s workforce and builds on American principles with hard work and sacrifice. Small-business owners have felt severe heartburn in regards to overreaching federal regulations.
According to the federal Small Business Administration, the cost of complying with regulations for the typical small business is $10,500 per year, per employee. A firm with 10 workers, for example, must pay more than $100,000 every year just to remain on the right side of the rules imposed by Washington. Continue reading →
Unemployment rates rose in July from June in almost all U.S. states, including those where the presidential election fight is expected to be fiercest, according to data released on Friday by the Labor Department.
Altogether, jobless rates rose in 44 states, dropped in Idaho, Rhode Island and the District of Columbia, and were unchanged in four states in July from June.
Government regulations aren’t helping small business, they are hindering them. FL small business owner Dean Mixon of Mixon Fruit Farms explains why lawmakers should support small business not washington bureaucrats.
President Obama must address the burden of federal over-regulation. If the current administration does not comment on this issue, it will lose the support of small-business voters in our state and nationwide.
These regulations are stifling Florida’s small-business community. I am the owner of Restaurant Equipment World in Orlando, and I have experienced an exponential increase in regulations over the past few years. Compliance has become a major part of my day-to-day work when my time should be focused on running my business.
The U.S. economy is teetering between progress and regression. As businesses work to overcome staggering odds, many of which are imposed by Washington, each step forward seems to be met by two in the opposite direction. Few would argue that the anemic growth the country has experienced over the past four years is enough to rebound from the trough we find ourselves in, yet policymakers continue to revert to the same failed policies that have yielded little in the way of results.
In the wake of the economic downturn of 2008, the American public unwittingly surrendered innovation and individualism for the promise of federal rescue. Now, as the markets settle, the sober realization that further government intervention has failed is setting in. Recently, the rate of small-business startups hit a record low, businesses revised downward their hiring expectations and government spending peaked — all at the expense of taxpayers.
(Source: Washington Times, 8/3/12, “Alford: Regulatory Tidal Wave is Swamping Small Business,” by Harry Alford, president and chief executive officer of the National Black Chamber of Commerce and chairman of the U.S. Chamber’s Government Oversight and Consumer Affairs Committee.
The next four years could bring a tidal wave of costly federal regulations impacting U.S. businesses and consumers, according to new analysis by the National Federation of Independent Business’ coalition, Small Businesses for Sensible Regulations. There are currently 4,128 federal regulations in the pipeline which, if implemented, will impose costs of more than $515 billion on the U.S. economy.
“We must address the damage this administration is doing if we are to create jobs and growth,” said Bill Herrle, NFIB/FL Executive Director. “With Florida’s unemployment around 8.6%, our economy doesn’t need more costly new federal regulations that will further stall economic recovery. Washington needs to do a better job enforcing regulations that are already on the books.”