12/06/2007
Small Business Calls on Congress to Address Nation's Financial Security Challenges
CONTACT: Melissa Sharp, 202-314-2068
NFIB endorses bi-partisan legislation encouraging Congress to address fiscal problems now, not later
Washington, D.C. -- The National Federation of Independent Business, the nation's leading small-business advocacy group, today sent a letter to Capitol Hill endorsing S.2063, the Bipartisan Task Force for Responsible Fiscal Action of 2007. This bipartisan legislation requires Congress to take an important first step in addressing the country's long-term financial condition by creating a bipartisan task force that will draft recommendations for how Congress should immediately act to improve our nation's bleak fiscal outlook.
Current fiscal policy and the growth of entitlement programs such as Medicare, Medicaid and Social Security are unsustainable for future generations.
"Small-business owners are very concerned about the consequences of leaving the nation's fiscal outlook unchecked," said Dan Danner, executive vice president of NFIB. "Like many Americans, small-business owners do not want to pay for the government's irresponsible fiscal choices through significantly higher tax rates which will discourage business investment and obstruct small-business growth."
NFIB applauds Sen. Kent Conrad (D-N.D.) and Sen. Judd Gregg (R-N.H.) for sponsoring S.2063. These lawmakers understand how important it is for Congress to tackle the financial challenges created by current policies. Their leadership on this important issue is truly appreciated by the small business community.
"I am very pleased that NFIB and the small businesses it represents have endorsed our bipartisan fiscal task force bill," said Chairman Conrad. "It is important for members of Congress and the Administration to see the growing support for our legislation from key policy experts and outside groups, such as NFIB. We need to address our nation's long-term fiscal challenges sooner rather than later. Our bill provides a bipartisan legislative process to get the job done."
"I welcome NFIB's support of our bipartisan effort to find solutions to the nation's long-term fiscal challenges," said Senator Gregg. "This is an important issue affecting individuals and businesses alike. Therefore, it is critical that members of Congress from both sides of the aisle, as well as outside stakeholders like NFIB, are invested in assuring American economic security for generations to come."
"We look forward to working with members of Congress to pass legislation so that our nation's job creators and future generations of small-business owners will not be burdened by a financially unstable federal government," said Danner.
