Government and the Little Guy
Why the Obama administration may be good and bad for small businesses
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Besides access to credit and capital, Kerrigan said that small businesses need certainty and confidence.
“That is why we are dumbfounded by proposals to increase taxes,” Kerrigan added. “The private sector needs as much capital as it can get its hands on. ... Small business owners are uncertain as to their investments, growth and human capital strategies because of the various tax increases that may or may not happen. Also, we are hearing mixed messages from the administration on the economy. Is this the greatest economic challenge since the Great Depression, or are the fundamentals sound? Business owners are hearing two things—so are consumers, which impacts their decisions, confidence, outlook and buying decisions.
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Melissa Busch
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