“Small-business owners are registering a vote of ‘no confidence’ in the federal government.”
—Bill Dunkelberg, Chief Economist for the National Federation of Independent Business, June 12, 2011
Even as the president continues to call for job-killing tax increases to pay for his unprecedented spending binge, a new report shows that small businesses around the country are less confident in the economy than last year and only 11 percent plan to create jobs in the near future.
According to the National Federation of Independent Business’ (NFIB) June report, the Small-Business Optimism Index fell for the fourth month in a row and is now at its lowest level since October, 2010. Only 11 percent of small businesses plan on hiring new workers over the next three months, down from 13 percent in May. As NFIB Chief Economist Bill Dunkelberg explained, “Who can blame the prevalence of pessimism when administration officials are telling Congress that small businesses need to pay more in taxes to support government spending programs?”
A new Rasmussen survey shows that the majority of Americans also oppose the president’s calls for higher taxes to be coupled to a debt limit increase. According to the survey, “Just 34% think a tax hike should be included in any legislation to raise the debt ceiling. A new Rasmussen Reports national telephone survey finds that 55% disagree and say it should not.” It’s no wonder why the president’s plan for record spending and job-killing tax increases is opposed by a majority of Americans—the result of two and a half years of President Obama’s failed agenda, record spending, and tax increases speaks for itself.
Average Time Unemployed
Food Stamp Recipients
Unemployment Among New Workers
Unemployed for 27 Weeks or More
The Republican Plan for Job Creation and Growth
House Republicans have a plan to provide lasting certainty and stability for small businesses while Democrats keep rehashing the same failed policies.
House Republicans are committed to taking every possible step to spur job creation and get our economy back on track so that Americans can do what they do best: create, innovate and lead.