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SOTU: President Snubs Small Business

Date: January 29, 2014

www.NFIB.com
For Immediate Release
Contact:  Eric Reller 202-314-2073 or Eric.Reller@NFIB.org 

 

SOTU: President Snubs Small Business

Proposals Disproportionately Hurt Small Businesses and Employees

 

WASHINGTON, D.C., January 28, 2014 Once again, the President declared the importance of small business during the State of the Union, but quickly followed with proposals that demonstrate he does not understand, or simply disregards, the segment of the economy that historically has generated two-thirds of net new jobs.

National Federation of Independent Business (NFIB) Chief Economist William Dunkelberg made the following statement in response to the President’s State of the Union address:

“The State of the Union address was a chance for President Obama to propose initiatives that would benefit the real engine of the U.S. economy – small business,” said Dunkelberg. “Unfortunately, the President again chose to champion big business, special interests, and partisan causes. Small businesses are still climbing out of this recession, and any hope for a steady resumption of solid growth depends on improving the health of this half of the economy. 

“Championing a corporate-only tax reform scheme (which misses 2/3rds of small businesses), a failed health care rollout, and a promise to raise the minimum wage that would escalate unemployment - the President seems determined to pick winners and losers. Small business has been mentioned as an important aspect of the U.S. economy during every State of the Union address during this Presidency – at some point we hope that the President stops stacking the deck against the segment he claims to support.”


**NFIB Chief Economist William Dunkelberg is available for comment – For interviews, please contact Eric Reller at 202-314-2073 or eric.reller@nfib.org**

 

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