Contrary To GOP Claims, Small Businesses Say Taxes And Regulation Aren’t Holding Back Hiring
http://thinkprogress.org/economy/2011/09/02/310818/small-business-contradicts-gop-taxes-regulation/Predictably, Republicans reacted to today’s dismal jobs number — which showed that zero net jobs were created in August — by blaming the supposed avalanche of taxes and regulations put in place by the Obama administration. “Private-sector job growth continues to be undermined by the triple threat of higher taxes, more failed ‘stimulus’ spending, and excessive federal regulations. Together, these Washington policies have created a fog of uncertainty that’s left small businesses unable to hire and American families worried about the future,” said House Speaker John Boehner (R-OH) in a statement today.
However, McClatchy conducted a survey of small business and found that they don’t blame taxes or regulations for their hesitancy to hire:
http://www.mcclatchydc.com/2011/09/01/122865/regulations-taxes-arent-killing.html#ixzz1WnAbTmEQ Politicians and business groups often blame excessive regulation and fear of higher taxes for tepid hiring in the economy. However, little evidence of that emerged when McClatchy canvassed a random sample of small business owners across the nation. (snip)
None of the business owners complained about regulation in their particular industries, and most seemed to welcome it. Some pointed to the lack of regulation in mortgage lending as a principal cause of the financial crisis that brought about the Great Recession of 2007-09 and its grim aftermath.