This article by the AP delves into where President Obama and Mitt Romney stand on small business lending. But there are two other issues that small business owners consider to be of the utmost importance.
Manta, an online small business center, polled 1,593 small business owners across the country and reported that healthcare and tax policy are the top two issues small business owners are considering this election year.
Because of the way the current healthcare system is set up, small business owners can pay up to 18% more per employee for health insurance than large companies. For this reason, many small businesses choose not to provide health insurance to their staff. According to whitehouse.gov, between 2002 and 2008, “the fraction of firms with 3-9 employees offering health insurance to their workers declined from 58 to 49 percent. And according to this CBS article, many small business owners aren’t opting to use the health care tax credit.
Small business owners play a large part in the economy, and face a constantly changing set of tax policies that affect them both personally and professionally. Since the economic collapse, it’s been hard for many of those businesses to recover. They’ll be looking to a candidate they believe will focus on issues that will improve their financial outlook and help grow their businesses.
Click here for Manta’s full report.11 months ago • 0 notes