NFIB: Clinton Economic Speech a Missed Opportunity

Date: August 11, 2016

Contact: Jack Mozloom 609-462-5610 (cell)

Small business owners didn’t hear much about their three concerns: high taxes, excessive regulations, and costly health insurance

Washington, DC (August 11, 2016)Juanita Duggan, President and CEO of the National Federation of Independent Business (NFIB), the nation’s leading advocate for small businesses, issued the following statement this afternoon in response to presidential candidate Hillary Clinton’s remarks on the economy: 

“Secretary Clinton deserves credit for mentioning small business prominently in her remarks, but she largely avoided the main priorities for small business owners.  According to our research, they consistently identify high taxes, excessive regulations, and costly health insurance as their top concerns.  Mrs Clinton missed a chance today to address those concerns.

“The current administration has imposed thousands of new regulations on the economy, including the Waters of the US Rule, the Overtime Rule, and the Clean Power Plan, all of which are massively expensive for small business.  We would like to know whether Secretary Clinton would repeal or scale back these examples of red tape.

“We would also like to know why the Secretary rejects out of hand a lower tax rate for pass-through businesses.  Three-quarters of all small businesses are structured as pass-through entities.  Cutting their taxes means letting them reinvest in growth and jobs.  That’s precisely what the economy needs.  We would urge the Secretary to reconsider her opposition to reducing small business income taxes.”

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