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Small Business Jobs Growth Hurt By Government Plans--Gallup
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Small business is supposed to be the engine of the US economy and is said to create 50% or more of all jobs. That job creation collapsed in the recession because of sales losses at many small companies, and a lack of access to credit as banks moved away from what they viewed as risky lending. In the meantime, large companies enjoyed low interest rates, but there is little evidence that they used the money they raised to add new workers.
It turns out the job creation at small companies may still be faltering, because of fear of government regulation and higher payroll taxes
Nearly half of small-business owners who are not currently hiring point to potential healthcare costs (48%) and government regulations (46%), in addition to concerns about weak revenues and the status of the U.S. economy, as reasons.
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