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Examining the Small Business Labor Market

House Small Business Committee News - Thu, 09/07/2017 - 10:00am
Chairman Dave Brat has scheduled a hearing of the Committee on Small Business Subcommittee on Economic Growth, Tax, and Capital Access titled, “Examining the Small Business Labor Market.” The hearing is scheduled to begin at 10:00 A.M. on Thursday, September 7, 2017 in Room 2360 of the Rayburn House Office Building. 

Attachments
1. Hearing Notice
2. Witness List

Witnesses 
Mr. Michael Farren
Research Fellow
Mercatus Center
George Mason University
Arlington, VA

Mr. Bruce Seilhammer
Electrical Construction Group Manager
SECCO, Inc.
Camp Hill, PA

Mr. Gardner Carrick
Vice President of Strategic Initiatives
The Manufacturing Institute
Washington, DC 








Rejection of Subway “Footlong” Settlement Highlights Absurd Incentive of Class Actions

WLF Legal Pulse - Thu, 09/07/2017 - 9:35am
In early 2013, when Australian teenager Matt Corby took to social media to share a photo of his recently purchased Subway “foot long” sandwich next to a tape measure revealing that the sandwich measured only 11 inches in length, he never could have anticipated the “viral” chain of events that he had just set into […]
Categories: Latest News

Circumventing the Skills Gap: How Small Businesses are Navigating the Labor Market

House Small Business Committee News - Thu, 09/07/2017 - 12:00am

WASHINGTON – Today, Members of the House Committee on Small Business Subcommittee on Economic Growth, Tax, and Capital Access heard from a panel of key experts on the challenges small businesses face when dealing with the skills gap in the labor market.

“In just the past year, the number of job vacancies grew from 5.5 to 6.2 million, which is the highest in this century,” said Subcommittee Chairman Dave Brat (R-VA)“Although large businesses may have the resources to staff recruiting departments and offer better wages and benefits, resource strapped small businesses are left at a significant disadvantage.”

Find, Hire, Retain: Challenges Owners Face in Today’s Labor Market

From academia to manufacturing, electrical construction, and even grocers, witnesses with a wide array of backgrounds spoke to the challenges that small businesses endure with the labor market America faces today. High taxes, burdensome regulations, and the skills gap, are just a handful of the small business trials the panel discussed during today’s hearing.

“It seems indisputable that a skills gap does exist in the labor market, but importantly, this issue is probably best characterized as being unique to each company. Importantly, though, any tax code changes should be broadly based and available to all workers and employers, rather than favoring some industries or skills over others. Additionally, programs and policies that reduce the potential workforce available to employers should be reformed,” noted Dr. Michael D. Farren, Research Fellow at the Mercatus Center at George Mason University in Arlington, VA.

“A number of different factors have contributed to the current workforce shortages in the electrical contracting industry. One of those is the fact that many left during the recession and never returned. In addition, much of the skilled trades’ workforce is retiring or is approaching retirement,” said Bruce L. Seilhammer, a member of the Independent Electrical Contractors, Inc. and the Electrical Construction Group Manager at SECCO, Inc. in Camp Hill, PA. “Government-mandated ratios vary across the country, and serve as artificial restrictions that prevent us from training the future electrician help to close this skills gap.”

“The manufacturing sector has struggled to find the right workers and it is impacting our ability to successfully compete in the global economy and grow our industry,” added Gardner Carrick, Vice President of Strategic Initiatives at The Manufacturing Institute in Washington, D.C. “These jobs need to be filled if the manufacturing sector and the U.S. economy are going to remain strong and globally competitive. Fortunately, manufacturing companies are stepping up to offer solutions to this challenge, in partnership with local high schools, community colleges, and technical schools.”

“Obamacare mandates on small business serve as a perfect example of a regulation with good intentions that have created an additional burden for our business,” said Carlos Castro, Founder of Todos Supermarkets in Woodbridge, VA. “Costly regulations often take up too much of our time and resources, and pose a serious barrier to hiring new talent, According to National Grocers Association (NGA) data, the average grocer can expect to spend between 40 and 50 thousand dollars a year on regulatory compliance per store, per year.”

You can view the full video of today’s hearing HERE and read the full witness testimony HERE.

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Commerce Hearing to Examine the Potential of Self-Driving Trucks

U.S. Sen. John Thune (R-S.D.), chairman of the Senate Committee on Commerce, Science, and Transportation, will convene a hearing titled“Transportation Innovation: Automated Trucks and our Nation's Highways” at 10:00 a.m. on Wednesday, September 13, 2017. The hearing will examine the benefits of automated truck safety technology as well as the potential impacts on jobs and the economy.

Subcommittee Continues Hearing Series on Magnuson-Stevens Act

WASHINGTON – U.S. Sen. Dan Sullivan (R-Alaska), chairman of the Subcommittee on Oceans, Atmosphere, Fisheries, and Coast Guard, will convene the hearing titled “Reauthorization of the Magnuson-Stevens Fishery Conservation and Management Act: Oversight of Fisheries Management Successes and Challenges” at 2:30 p.m. on Tuesday, September 12, 2017. The hearing is the third of the series and will focus on the perspectives of commercial, charter, and recreational fishermen on the state of our nation’s fishery laws.

Witnesses:

Panel I
-  Phil Faulkner, President,  Nautic Star Boats
-  Jim Donofrio, Executive Director, Recreational Fishing Alliance
-  Chris Horton, Senior Director, Congressional Sportsmen’s Foundation

Panel II
-  Lori Steele, Executive Director, West Coast Seafood Processors Association
-  Capt. Robert F. Zales, II, President, National Association of Charterboat Operators
-  Greg DiDomenico, Executive Director, Garden State Seafood Association

*Witness list subject to change

Hearing Details:

Tuesday, September 12, 2017
2:30 p.m.
Subcommittee on Oceans, Atmosphere, Fisheries, and Coast Guard

This hearing will take place in Russell Senate Office Building, Room 253. Witness testimony, opening statements, and a live video of the hearing will be available on www.commerce.senate.gov.

Addressing the Risk of Waste, Fraud and Abuse in the Federal Communications Commission’s Lifeline Program

U.S. Sen. John Thune (R-S.D.), chairman of the Senate Committee on Commerce, Science, and Transportation, will convene a hearing titled, “Risk of Waste, Fraud and Abuse in the Federal Communications Commission’s Lifeline Program,” at 10:00 a.m. on Wednesday, September 6, 2017. The Lifeline program, which subsidizes telephone and broadband service for low-income consumers, was the subject of a recent study by the independent Government Accountability Office (GAO). In its report, GAO describes recurring failures of evaluation and oversight creating persistent risk of waste, fraud, and abuse and threatening the ability of Lifeline to serve its intended purpose.

Witnesses:

-  Mr. Seto Bagdoyan, Director, Audit Services, Forensic Audits & Investigative Service, Government Accountability Office
-  Commissioner Chris Nelson, Commissioner, South Dakota Public Utilities Commission
-  Ms. Deborah Collier, Director of Technology and Telecommunications Policy, Citizens Against Government Waste
-  Dr. Jeffrey Eisenach, Visiting Scholar, American Enterprise Institute; Adjunct Professor, George Mason University School of Law

*Witness list subject to change

Hearing Details:

Wednesday, September 6, 2017
10:00 a.m.
Full committee

This hearing will take place in Russell Senate Office Building, Room 253. Witness testimony, opening statements, and a live video of the hearing will be available on www.commerce.senate.gov.

Advocacy to Host Regulatory Roundtable in Overland Park, Kansas

Office of Advocacy - Wed, 09/06/2017 - 11:02am

 

Advocacy to Host Regulatory Roundtable in Overland Park, Kansas

 

WASHINGTON, D.C. – On Thursday, September 14th, the Office of Advocacy of the U.S. Small Business Administration will host a roundtable in Overland Park, Kansas at the Marriott Kansas City Overland Park – 10800 Metcalf Avenue. The event will begin at 8:00 a.m. and conclude at 12:30 p.m. CDT.  

 

Categories: Latest News, SBA Advocate

Advocacy to Host Regulatory Roundtable in Overland Park, Kansas

Office of Advocacy - Wed, 09/06/2017 - 11:02am

 

Advocacy to Host Regulatory Roundtable in Overland Park, Kansas

 

WASHINGTON, D.C. – On Thursday, September 14th, the Office of Advocacy of the U.S. Small Business Administration will host a roundtable in Overland Park, Kansas at the Marriott Kansas City Overland Park – 10800 Metcalf Avenue. The event will begin at 8:00 a.m. and conclude at 12:30 p.m. CDT.  

 

Categories: Latest News, SBA Advocate

Expediting Economic Growth: How Streamlining Federal Permitting Can Cut Red Tape for Small Businesses

House Small Business Committee News - Wed, 09/06/2017 - 11:00am
The Committee on Small Business will meet for a hearing titled, “Expediting Economic Growth:  How Streamlining Federal Permitting Can Cut Red Tape for Small Businesses.” The hearing is scheduled to begin at 11:00 A.M. on Wednesday, September 6, 2017 in Room 2360 of the Rayburn House Office Building.

Currently, small businesses must comply with many overlapping layers of federal permits. Obtaining all of the correct permits requires successful navigation through a complex regulatory system of federal laws and regulations and takes a significant amount of time and money. The hearing will examine how federal permitting requirements burden small businesses and ways to streamline the permitting process. 

Attachments:

Witness List (subject to change): 

Mr. Philip K. Howard
Senior Counsel
Covington & Burling LLP
New York, NY

Mr. Louis A. Griesemer
President
Springfield Underground, Inc.
Springfield, MO 



<span>Good morning. &nbsp;Welcome to

Good morning.  Welcome to today’s hearing on the Federal Communications Commission’s Lifeline program.

What began some 32 years ago as a program to help protect consumers from increases in telephone charges following the break-up of AT&T has morphed, as many government programs tend to do, into something much broader and more expensive—a one-and-a-half billion dollar a year program with no budget limit that provides, among other things, free phones and free service to millions. 

Let me be clear:  the bipartisan principle of universal service have been the bedrock of our nation’s communications policies for more than 80 years, and programs that efficiently and prudently further the goal of universal service have contributed greatly to our nation’s economy, and to the safety and well-being of Americans.  As someone who represents a rural state, which also includes nine Indian reservations, I am especially committed to the notion that consumers in all parts of the country should have access to communications services that are comparable, in both service availability and price, to those services provided in urban areas.

Even when services and rates are reasonably comparable, there is value in efforts to ensure access for low-income Americans.  Connectivity is necessary for health and welfare, and for full participation in the economy.  A carefully designed, properly administered program to help those Americans who, without a subsidy, would be unable to afford a reasonable level of connectivity is an important part of universal service.  Unfortunately, as has been demonstrated time and time again, the FCC’s Lifeline program has not lived up to this promise, especially to those that rely on these services.  The American people deserve better than a program so plagued by fraud, waste, and abuse.  This marks our second hearing in as many years on those problems in the Lifeline program. 

Over the last seven years, the Government Accountability Office (GAO) has repeatedly documented the FCC’s failure to properly oversee the billions of dollars paid by American families to provide Lifeline support.  GAO has also highlighted the Commission’s failure to assess whether the Lifeline program is meeting its stated goals.  While much attention has rightly been focused on rampant fraud, duplicate payments, and unverified payments, an even more fundamental question has gone largely ignored:  Is the Lifeline program an effective means of increasing telephone subscribership among low-income consumers?  In 2010, GAO noted that the FCC has not prioritized the development of performance goals and measures for Lifeline, and as a result, the Commission has limited insight on what the program is actually accomplishing.  FCC action in this regard is long overdue, and I call upon the Commission to undertake this fundamental analysis of the program.

There is substantial evidence to indicate that, even without the well-documented fraud, duplication, and unverified payments that have plagued the program, the Lifeline program could be an ineffective means of increasing telephone subscribership among low-income consumers.  As it is currently designed, for example, the Lifeline program appears to do a poor job of directing support to those who truly need it—namely, those who would not get service without a Lifeline subsidy.  One study estimated that, because most Lifeline subscribers would have purchased telecommunications services even without the subsidy, it costs the program $1100 annually for each truly new subscriber and over $2800 annually for each new prepaid wireless subscriber.  That would mean Lifeline is costing American consumers between eight and twenty times the benefit amount actually received by program participants for each new low-income subscriber.  The FCC’s long-standing failure to make performance goals a priority is a failure to meet its obligations to American consumers.

Let me put it another way – I have no doubt that the Lifeline program provides a critical service for many low-income Americans, including my constituents, but I think we need an honest assessment of how best to deliver such services to those who need them the most.

At the request of Senators Portman and McCaskill, the GAO completed a report earlier this year highlighting these and other issues in the administration of the Lifeline program.  The report does note some areas of improvement.  For example, under Chairman Pai, the FCC is finally taking the long-overdue step to move fees collected for the Universal Service Fund from a private bank account to the Federal Treasury, where they will benefit from the management practices and regulatory safeguards applied to other federal funds.  In addition, the number of duplicate subscribers—once a problem costing an estimated $160 million per year—appears to have been reduced significantly. 

Separately, our colleagues Senators Fischer and Udall introduced legislation to overturn an Obama-era effort at the FCC to usurp State authority in designating eligibility for participation in the Lifeline program.  Chairman Pai has disavowed the Commission’s prior effort in favor of returning authority to the States.  The States have long played a key role in preventing waste, fraud, and abuse, and so this move is an important one – and why I’m especially pleased to have Commissioner Chris Nelson from the South Dakota Public Utilities Commission here as a witness today. 

Finally, the FCC announced last week that, by the end of this year, it will begin rolling out to a few States a National Lifeline Eligibility Verifier.  We need to understand how this new tool will address the problems identified in the GAO report.

Chairman Pai is making real progress toward improving oversight of the Lifeline program, but many serious issues remain.  I look forward to hearing from our diverse panel of experts as we explore ways to fulfill the promise of universal service for all Americans.

Chairman Chabot Responds to Hurricane Harvey Relief Package

House Small Business Committee News - Wed, 09/06/2017 - 12:00am

WASHINGTON – Today, Chairman of the House Committee on Small Business, Steve Chabot, released the following statement after the House overwhelmingly passed a $7.9 billion hurricane relief package in response to Hurricane Harvey:

Unfortunately, this storm took many lives. These storms also devastated people’s businesses, possessions, and homes. They will need financial relief to rebuild,” said Chairman Chabot.

Our Committee is committed to working with our partners at the Small Business Administration and throughout the federal government to help these Americans reclaim and rebuild their lives as quickly as possible. We will continue to be engaged on this issue for the coming weeks and months and will do everything we can to help our fellow Americans in their time of need,” Chabot added. 

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Expediting Economic Growth: How Streamlining Federal Permitting Can Cut Red Tape for Small Businesses

House Small Business Committee News - Wed, 09/06/2017 - 12:00am

WASHINGTON – Today, the House Small Business Committee held a hearing examining how the current federal permitting process burdens small businesses.

The federal permitting process is a component of this vast regulatory state. Usually before a business can begin to open its doors, launch a project, or begin an initiative, it must obtain a number of permits before moving forward.  But the current permitting process is a maze that businesses—big and small—must navigate.  And as with regulations generally, the federal permitting process disproportionately affects small businesses,” said House Small Business Committee Chairman Steve Chabot (R-OH).

[w]e must continue to look for ways to simplify and streamline the permitting process. Especially to ease the regulatory burden on small businesses, our economy’s lifeblood,” added Chabot.

Small Businesses Must Overcome High Hurdles to Obtain Permits

The witnesses provided testimony detailing how small businesses must overcome a number of hurdles—including wading through regulatory overlap, enduring lengthy delays in permitting decisions, and bearing increased costs—as they try to obtain all the appropriate federal permits before launching projects.

Getting a permit to start a business, or to build anything, requires going to multiple agencies, often at federal, state, and local levels. These agencies rarely coordinate their requirements. Often their demands are duplicative, and sometimes conflict with one another. Nor do they honor the practical implications of the regulations—not the costs, time constraints, or diversion of energy,” said Philip Howard, Chair of Common Good.

It gets even more complicated when we need to expand our operations, open a new or temporary operation, or merely do minor construction work at a site to upgrade our facilities to provide needed material for crucial infrastructure projects. A host of federal requirements come into play, among them the Clean Water Act, the Endangered Species Act, and the Historic Preservation Act. These statutes often require businesses to prove that we should not fall under their jurisdiction, said Louis Griesemer, President of Springfield Underground, Inc., Springfield, MO, testifying on behalf of National Stone, Sand, Gravel Association.  “A 'regulated until proven otherwise'approach is very costly and difficult for any business, particularly a small company like mine, without the resources for dedicated compliance staff that larger corporations employ. This is not an efficient use of resources for either the company or the agencies, and punishes the businesses who are trying to comply and care deeply about safety and the environment.”

For me, the timing of this hearing could not be more appropriate. The wildfires burning in Western Montana are having a devastating effect on our state and local economies. Lives have been lost, homes have been lost, and hundreds of resident evacuations due to the threat of fire, including my own family,” said Mark Hayden, General Manager of Missoula Electric Cooperative in Missoula, MT.

“I fully recognize that the fires burning in Montana today were all lightning sparked, but also realize the increased risk that long delays in federal approval of permit applications, inadequate fuels reduction programs, and other factors bring to our co-op and to our infrastructure,” Hayden added.

Flawed Regulatory Structure

Mr. Howard explained that, within our current regulatory structure, no one seems to be in charge, testifying, “[t]here’s no one with the responsibility to ask, ‘What’s the right thing to do here?’ No one in government has the job of balancing the demands of different agencies. No one has the job of giving a small business a permit. Instead, American regulation is a dense jungle, impenetrable to all except large companies with legal staffs of hundreds of lawyers.”

“The Status Quo is not an Option”

As Mr. Hayden testified, [f]or us, the status quo is not an option. We need streamlined, expedited procedures that allow for timely implementation of projects to protect the long-term health of our forests, our small businesses, and the overall economies of the communities we serve.”

You can view the full video of today’s hearing HERE and read the full witness testimony HERE.

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Chairman Chabot Praises Court Decision to End Overtime Rule

House Small Business Committee News - Wed, 09/06/2017 - 12:00am

WASHINGTON – Last week, a federal judge struck down the Obama administration’s costly Department of Labor’s overtime rules.  House Small Business Committee Chairman Steve Chabot (R-OH) commended the decision in the following statement:

Small business owners, and their employees, can breathe a sigh of relief knowing they will have to worry about one less burdensome rule that hurts their business or affects their job. This is an issue the Committee has been working hard to reverse.  I look forward to working with the new Administration as the Department of Labor continues to get feedback from stakeholders about what would be most favorable to small business owners,” said Chairman Chabot.

Chairman Chabot and Committee Republicans have focused on the DOL overrule throughout the 114th 115th Congress.

The Committee has held numerous hearings and roundtables and sent letters explaining the damage this rule would cause to small businesses.

The Department of Labor is still inviting stakeholders to submit public comments on the overtime rule. For more information, the Committee has put together a Regulatory Watch page on our website to track regulatory proposals that have been published in the Federal Register and are open for public comment. 

Chairwoman Foxx Opening Statement: Hearing on “The Sharing Economy: Creating Opportunities for Innovation and Flexibility”

Education & the Workforce Committee - Wed, 09/06/2017 - 12:00am
America has always led the world in innovation and technology. It’s the ingenuity of the American people that has helped create the most prosperous nation in the history of the world.

That same ingenuity is what led to the rise of the sharing economy, which is changing the way we live, work, and connect.

The growth of the sharing economy may be relatively recent. But the idea behind it really isn’t a new concept. For quite some time, people have exchanged goods and services, or shared their skills, time, or resources for a fee.

Think about it. For decades, people have found ways to earn extra income through babysitting, renting property, dog walking, holding garage sales, cleaning homes, or mowing a neighbor’s lawn.

What’s taking place in the sharing economy isn’t much different. But the Internet has brought this type of economic activity to a whole new level, and it has empowered people from all sorts of backgrounds to put their entrepreneurial ideas into motion.

There is no question that this growing economic sector has improved the American quality of life. Consumers have more choices. People in need of transportation have more options. Families can easily rent out their home to help pay their mortgage. Individuals have a new way to sell their homemade goods and crafts.

The sharing economy has also helped start-up businesses get off the ground, and it has created new job opportunities that didn’t exist before.

Not everyone is looking for a 9-5 job. More and more people are increasingly drawn to flexible work arrangements, and that’s what attracts them to the sharing economy. They want to be their own boss, control their own schedule, or earn extra cash while pursuing an education.

The sharing economy has provided thousands of hardworking men and women the opportunity to do just that. Today, there are an estimated 3.2 million people working in the sharing economy. 79 percent are doing so on a part-time basis.

This is an industry that has really taken off. And as we have seen throughout our history, innovation often occurs and flourishes during challenging economic times, which is remarkable and should be celebrated. It’s a testament to the strength of our economy and the resilience of the American people.

As the sharing economy continues to grow, we need to make sure outdated federal policies don’t stand in the way. The self-employed individuals who rely on the sharing economy for work don’t fit neatly into obsolete job categories defined in another era. So, there are important questions over how we can modernize policies to meet the needs of the future.

There are also questions over how sharing economy workers can gain access to affordable health care and prepare for a secure retirement. Not every answer can or should come from Washington. Innovation outside of Washington is needed to help tackle these challenges. And I have no doubt that the same creative minds behind the sharing economy will rise to the occasion.

Earlier this year, a bipartisan group of committee members visited the San Francisco area to meet with leaders in the technology industry. We saw the operations of sharing economy companies firsthand. It’s my hope that today’s conversation will build off that experience, inform our future policy discussions, and help all of us better understand the realities of this emerging workforce.

To view the PDF version, click here.

Nightly Closure of Three Northbound Exit Lanes at San Ysidro Port Begins Sept 12

GSA news releases - Tue, 09/05/2017 - 12:12pm
Traffic Advisory for Phase 2 construction at SYLPOE.

Seventh Circuit Judge Posner Rides into the Summer Sunset

WLF Legal Pulse - Tue, 09/05/2017 - 10:00am
We begin Fall 2017 blogging with an appreciative farewell. This past Friday, September 1, US Court of Appeals for the Seventh Circuit Judge Richard Posner announced his retirement, effective immediately. He served on the circuit for 36 years, having been appointed by President Ronald Reagan in 1981. Judge Posner was a principled skeptic of lawyer-driven […]
Categories: Latest News

California Supreme Court Expands Scope of Discovery in Representative Actions under Private Attorneys General Act

WLF Legal Pulse - Tue, 09/05/2017 - 9:20am
Guest Commentary By John F. Querio, a Partner, and Lacey L. Estudillo, an Appellate Fellow, with Horvitz & Levy LLP. On July 13, 2017, the California Supreme Court decided Williams v. Superior Court, which expanded a plaintiff’s discovery rights in actions brought pursuant to California’s Private Attorneys General Act (PAGA).  PAGA permits an employee to […]
Categories: Latest News

Forbes: How Congress Can Help Reluctant Millennial Entrepreneurs And Small Businesses

House Small Business Committee News - Tue, 09/05/2017 - 12:00am

Entrepreneurship is on the decline. This may come as a surprise with the popularity of shows such as “Shark Tank.” But between 2010 and 2014, only about 165,000 new businesses were started, compared with almost half a million new businesses between 1992 and 1996. Perhaps more surprisingly, millennials are starting even fewer businesses than previous generations.

Why are innovators – particularly Millennials – reluctant to start their own company? The recent recession coupled with barriers such as regulations, taxes, and lack of access to capital needed to start and grow a company, is adding to their reservations.

As chairman of the House Small Business Committee, I’ve seen first-hand how entrepreneurs and small businesses create a majority of our nation’s jobs. In fact, 99.9% of all businesses in the United States are considered a small business, and two out of every three new jobs are created by a small business. With these kinds of facts, you probably know someone who owns, works for, or works with a small business.

 

That’s why we need to make sure that people with great ideas feel like they can take that idea and successfully turn it into a product, service, or job.

In response, the House Small Business Committee recently held a hearing to ask industry experts what we can do to reverse the decline. We brought in Gregory Crawford, Ph.D., the president of Miami University in Oxford, Ohio, and Karen Kerrigan, president and CEO of the Small Business & Entrepreneurship Council, to get their input on the current state of entrepreneurship.

Dr. Crawford is focused on using universities as testing grounds for the next generation of innovators. He believes in not only traditional education, but also real-world experience and entrepreneurial lessons, to prepare more students to create new businesses, and thus create new jobs through their entrepreneurial accomplishments.

 

According to Dr. Crawford, Miami University has transformed their traditional internships into “interactive apprenticeships” where students can jump into the middle of a “messy, complex, sometimes risky, tension filled” real-world experience of entrepreneurship. Kerrigan noted that half of Millennials would be interested in starting a new business. However, she stressed the fact that millennials are more risk averse than other generations, leading to a 24 year low in businesses created by young Americans. She also said we need to create a more “business-friendly” environment, particularly by reducing duplicative or outdated regulations that prevent companies from growing.

I couldn’t agree more.

Across the country, federal government regulations affect small businesses in all industries, making it harder and more costly for small companies to start, grow and expand their businesses. Entrepreneurs are struggling with high compliance costs and expensive mandates. We need to lighten the massive regulatory burden, and make it easier for small businesses to thrive.

The Small Business Administration’s (SBA) Office of Advocacy is currently holding round tables around the country to hear directly from small businesses about which regulations are hurting them the most. By updating, cleaning up, or getting rid of bad regulations entirely, entrepreneurs will be better able to do what they do best – create jobs.

While there are many reasons potential entrepreneurs are apprehensive, perhaps the biggest barrier to taking the leap is the broken tax code. According to a June CNBC survey, taxes were the number one issue for at least a quarter of small businesses surveyed.

First, the current system is confusing for many small business owners. Many came from different careers, but with one great idea decided to start their own business. They do not have accounting backgrounds to help them navigate our complicated tax system. Nor are many of them able to hire tax attorneys to help them figure out how to save money.

Second, when small businesses have to pay higher taxes, it prevents them from investing money back into their company. Money they could use on new equipment to make their latest cupcake, invest in a marketing campaign about their new phone app, or even hire more employees to manage a new store.

Third, the smaller the business, the higher their tax burden per employee. Businesses with more than 50 employees have a tax burden of less than $200 per employee, while businesses with five or fewer employees face burdens as high as $4,500 per employee. This is not fair. We need to ensure that our tax system doesn’t favor the size of a business or their ability to turn a profit the quickest.

With slow economic growth and declining entrepreneurship, especially among millennials, it is more important than ever to provide legislative solutions to help, not hurt new and small businesses. From reducing regulations, increasing access to capital, and reforming the outdated tax system, I am committed to helping create an environment that encourages younger generations to get excited about starting a business. Millennials have the talent, creativity, and work ethic to create the next generation of businesses and jobs, and I look forward to working with my colleagues on Capitol Hill to make that a reality.

The original article can be read HERE.

Chairman Chabot Applauds Swift Hurricane Harvey Disaster Relief Aid Bill

House Small Business Committee News - Tue, 09/05/2017 - 12:00am

WASHINGTON - Today, Chairman Steve Chabot (R-OH) of the House Small Business Committee released the following statement on the Hurricane Harvey Emergency Funding legislation to designate $450 million to the Small Business Administration’s (SBA) Disaster Loan Program.

"As Chairman of the House Small Business Committee, I applaud House Leadership, Chairman Frelinghuysen, and the House Appropriations Committee on their swift action to craft a bill to provide disaster relief aid to the victims of Hurricane Harvey. The people of Texas and Louisiana are strong, but their small businesses will need our help to rebuild.”

“I trust that the SBA and Administrator McMahon will be good stewards of the funds and ensure small businesses and homeowners get back on their feet as quickly as possible.”

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