This week, small business owners from across the country are joining their Congressional representatives at press events to air their concern over the looming “fiscal cliff” and urge lawmakers to find a solution that will keep cash registers jingling this holiday season.
Small business owners are being joined by Small Business Majority and lawmakers from Florida to California in nine tele-press conference calls to discuss small business concern over the “fiscal cliff,” its impact on consumer spending, and how employers feel about tax cuts set to expire at the end of the year both for the middle class and high-income earners.
“The longer that lawmakers take to find a solution to the fiscal cliff situation, the more uncertainty it causes for my business and for my customers,” said Shaundell Newsome, owner of Sumnu Marketing in Las Vegas, Nev. “It’s pretty clear some lawmakers are holding out on making a deal in an attempt to extend tax cuts for the wealthiest. That’s the exact opposite of what we need right now. Much more important are cuts for the middle class-that’s the engine that fuels our economy and my business.” According to recent polling released by Small Business Majority, small businesses want tax cuts for the middle class extended to help boost spending power, but believe allowing tax cuts for the wealthiest 2 percent to expire is the right thing to do in light of our current budget crisis.
“In the eyes of entrepreneurs, preserving the middle class tax cuts is crucial because of the role middle class Americans play in the success of our economy and small businesses. These cuts, along with a number of other tax provisions scheduled to lapse at the same time, put money into the pockets of middle class consumers. That drives demand for small businesses’ goods and services more than anything else. Customers with less disposable income equals less demand for small businesses’ goods and services, meaning their bottom lines suffer,” said Small Business Majority Founder & CEO John Arensmeyer.
With the holiday shopping season in high gear, small businesses are becoming increasingly concerned about how going over the fiscal cliff could affect their businesses and the buying power of the middle class-a category virtually all their customers and 97 percent of small business owners fall into.
Visit Small Business Majority’s website to view the list of events: http://www.smallbusinessmajority.org/blog/days-of-action/
About Small Business Majority
Small Business Majority is a national small business advocacy organization, founded and run by small business owners, to support America’s 28 million small businesses. We conduct extensive opinion and economic research and work with our rapidly growing network of small business owners across the country to ensure their voices are an integral part of the public policy debate.