A legal challenge to new reporting requirements for small business owners, potentially costing them $73.1 billion over a decade, has begun with a request for preliminary injunction in a federal courtroom in Texas.
The National Federation of Independent Business, in a hearing, is seeking to stop the reporting requirements in the Corporate Transparency Act from implementation on Jan. 1.
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As we outlined in Part One, here in California, we have an economy that would be the fifth largest in the world if it were to be separated as a standing nation. Home to Silicon Valley, Hollywood, world-class agriculture, and medical schools, California is an economic powerhouse.
Yet we, in California, have the highest poverty rate in the nation. We have a majority of the nation’s homeless people. We have the highest overall tax rates in the nation. Our energy costs are double that of the national average. Our per-student spending in schools is well above the national average, yet our students consistently have below-average grade-level test scores. Our major cities are crime-ridden, our power grid is woefully vulnerable, and our beaches are regularly closed due to raw sewage contamination.
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Small businesses cite inflation as their number one concern, according to new survey data.
The National Federation of Independent Businesses released the survey results Tuesday, which show that 21% of small business owners cite inflation as “the single most important problem in operating their business,” more than any other issue.
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As inflation continues to rise this year, small businesses are feeling the pain.
The National Federation of Independent Businesses released a survey of small business owners Tuesday that found the nation’s job creators cite inflation as their top concern more than any other issue.
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One-third of small-business owners say increased crime is cutting into their earnings, and 7 in 10 grade President Joe Biden’s performance negatively in terms of helping small businesses, a new poll finds.
Pollsters John McLaughlin and Scott Rasmussen conducted the survey, along with the Job Creators Network Foundation in March, among 400 small-business owners. When asked about their sentiments regarding the state of the economy, 46% of small-business owners said the economy is getting worse, while just 27% said it’s getting better.
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Just when it seemed impossible for things to get tougher for small businesses, the federal government decided to make things worse.
Small businesses have had a tough run for the last few years. Record inflation, high interest rates, and workforce shortages have led to widespread pessimism among small businesses. The last thing they need is more government interference, but that is exactly what is happening.
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Small business owners are pessimistic about the future of the economy, according to a new poll.
The National Federation of Independent Businesses released the polling data Tuesday, which shows that the group’s “Small Businesses Optimism Index” decreased slightly in November to 90.1, its 23rd straight month below the historical average of small business optimism.
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In a poll of small business owners, 76 percent said that they had not seen an increase in sales during the holiday season as inflation and other economic conditions constrict consumers’ cash, according to Goldman Sachs.
Of small business owners surveyed, 55 percent said that their profit margins decreased this year, and a further 70 percent said that their own personal spending plans for their families were negatively impacted following their own assessment of the state of the economy, according to a poll by Goldman Sachs conducted from Dec. 1 to Dec. 8 of 337 small retail business owners. Consumer spending previously slowed in October as the Americans’ savings declined to $768.6 billion in the month, down from the over $1 trillion held in May and even further from the all-time high of almost $6 trillion held in April 2020.
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Newly released survey data shows that small businesses are pessimistic about their retail sales going into the holiday season.
The Main Street Merchant Report released Tuesday by Alignable, a network of thousands of small businesses, are not optimistic about their sales for small businesses this weekend.
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Small businesses have ongoing concerns about the health of the economy, a newly released survey shows.
The National Federation of Independent Businesses released survey results Tuesday showing that their July polling of small business owners found they are less optimistic about the economy than the historical average.
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Despite a historically tight labor market, small business owners reported that hiring difficulties had eased in December, markedly improving compared to November, according to a poll conducted by Vistage Worldwide for the Wall Street Journal published Friday.
Of the roughly 650 small business owners polled, almost 25% reported that hiring was easier in December than at the start of the year, while just 20% said it was harder, according to the WSJ. In November, those numbers were 18% and 25% respectively, and some small business owners reported success thanks to pay raises and hiring freezes or layoffs at larger firms.
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Roughly 43% of small business owners gave President Joe Biden an “F” grade on his support for small business, according to the Job Creators Network’s monthly Small Business IQ poll, obtained by the Daily Caller News Foundation.
The Small Business Intelligence Quotient — a measure of small business optimism where scores of 100 and 0 represent the best and worst possible conditions respectively — slid to 52.9 in November from 53.3 in September and October, returning to just above the yearly low of 52.7 set in June, according to the poll conducted by pollsters Scott Rasmussen and John McLaughlin. On a monthly basis, small business owner’s optimism about current conditions climbed 0.2 points to 55.9, but expectations about the future slipped 0.09 points to 50.6.
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Small business owners believe they’ll benefit from Republican victories in the upcoming elections, according to a new poll.
Most small business employers believe the country is in a recession, and fear that economic conditions will put them out of business, with a majority believing a Republican victory will help them, according to the survey conducted by Rasmussen and the Job Creators Network Foundation (JCNF). The poll reflects a broader concern among voters about economic conditions and historic levels of inflation under the Biden administration.
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Just 6% of small businesses that were negatively impacted by the coronavirus pandemic have fully recovered their losses, a Job Creators Network survey showed.
The vast majority of U.S. small business owners continue to “claw their way out” of the hole caused by the coronavirus pandemic, according to the poll commissioned by small business advocacy group Job Creators Network (JCN) and shared with the Daily Caller News Foundation. While 6% of small business owners that suffered losses related to the pandemic said they have recovered, 43% believed they would be fully recovered within six months.
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For nearly 20 years, Bridget McGinty and her sister ran Tastebuds, a popular lunch spot in downtown Cleveland.
On May 1, she made the torturous decision to close it forever after keeping it on life support for weeks after being closed due to the COVID-19 lockdowns.
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by Molly Prince Senators from both sides of the aisle urged constituents on Saturday to shop at small businesses in support of their local communities in what has become the annual shopping holiday known as Small Business Saturday. “Happy Small Business Saturday! Take some time today to shop small…
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by Mark J. Bollman What’s even better than one federal tax cut bill? Two rounds of tax cuts. It just might happen this summer, according to House Speaker Paul Ryan. Tax Reform 2.0, as it’s being called, would aim to make the Tax Cuts and Jobs Act’s individual tax cuts permanent, extending them past their 2025 expiration date. But…
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