Small Business Army
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Small Business Tax Proposal
GoAmericaProject wants to allow small businesses to defer or reduce a portion of their annual Federal Income Tax liability in order to invest in new equipment or additional employees. |
Let’s start with some facts about small business in America. Sixty to eighty percent of net new jobs come from small business. Fifty percent of non-farm Gross Domestic Product (GDP) comes from small business. So why do politicians act like small business doesn’t matter when it comes to legislation that helps small businesses grow and prosper? Proof point: how much of the trillion dollar stimulus package was specifically targeted at helping small business? The answer, of course, is almost none of it.
Why is that?
We know that the political process responds best to interest groups that are easy to deal with and who provide substantial financial contributions in return for specific actions. Small businesses are hard to deal with because they are small and there are so many of them, there is no tracking or targeting of their combined financial contributions, and small business seeks no specific actions.
SOME MORE FACTS:
There are over 25 million firms in the United States – only 17,000 of which have more than 500 employees. There are approximately 6,000,000 firms that employ 5 – 500 employees. Those 6 million firms employ a total of approximately 53 million people. 75% of those six million firms have annual sales of less than $1 million.
IMAGINE THE POWER AND IMPORTANCE OF THESE 53 MILLION PEOPLE!
When our politicians talk about “small business”, these are the people they are talking about. They are everywhere and do almost everything. They design software and they sell groceries; they do accounting and they sell real estate; they provide an almost limitless list of goods and services that drive our economy forward and yet our politicians can’t hear them. Our small business operators and employees speak in every language, yet no one in government really listens to them. They exert no political influence, they are presumed to be too diverse, too disorganized, too politically naïve and too busy running their own businesses to harness and use their full political clout. So they can be ignored. They can be treated like uncomplaining pack animals who will bear the costs and burdens of government policies mindless of their interests.
LET’S GET ORGANIZED!
Despite our many, many differences, all of us have at least one common interest – we all are working hard to make our particular small business succeed. That isn’t easy for any of us. We expect our government to not make achieving success any harder than it already is. We all hope that our government will appreciate the role we play in the national economy and will support and nurture our precious businesses. But these are only hopes. We don’t expect that to happen. It never has before.
LET’S JOIN FORCES!
In times of national peril, Americans always band together to face whatever threatens us. We did that after Pearl Harbor was attacked and after the World Trade Center was destroyed on 9/11. It’s time for the 53 million people working in small business to come together to deal with the financial tsunami that is drowning us.
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