It is no surprise that the economic downturn in the U.S. has taken a significant toll on small businesses nationwide. Add in the pending tax hikes courtesy of Obamacare and the effects on these hardworking entrepreneurs are simply chilling. Many of you already know this first-hand, because you’re either a small business owner or employee. In fact, small businesses make up around 99.7 percent of all employers and they employ nearly half of Americans not working for the federal government.
Unfortunately, despite efforts to force Obamacare and Cap & Trade on the American people, the Democratic Majority has failed to address the biggest problem currently facing small businesses — access to capital. When meeting with entrepreneurs in my district, this is exactly what I hear.