Who We Are : Small Business Community

Democrats know that small businesses are the engines that drive our economy. From family-owned restaurants to high-tech startups, entrepreneurs and small-business owners are crucial elements of our communities and our economy. They “represent the essence of the American spirit.” Despite recent Republican obstructionism, Democrats have continued to champion issues important to small businesses and have worked to expand access to resources that will enable greater success.

Historically, small businesses have generated two-thirds of all new American jobs. They represent an enormous boon to our economy, and their success is critical to America’s economic recovery. That’s why Democrats have fought to remove barriers that stand in the way of small businesses—helping more small businesses to get off the ground, expand, and hire new workers.

Government cannot ensure a business’s success, but it can foster the conditions that support hiring of new workers by providing tax relief and increasing the availability of Small Business Administration (SBA) resources. President Obama has cut taxes for small businesses no fewer than eight times, and at President Obama’s direction the SBA has already administered more than 70,000 loans for businesses, providing those businesses with the capital they need to invest and grow.

Under the Recovery Act, businesses that hire previously unemployed workers can receive tax cuts, and they also can write off the purchase of new equipment. In addition, many small businesses are eligible under the historic Affordable Care Act for tax credits to offset the costs of insuring employees.

Setting the Record Straight on Small Business

After 23 consecutive months of job growth and the signing of 18 small business tax cuts, it should be clear that President Obama and the Democratic Party understand the vital role small businesses play in our economy. After all, small businesses have been responsible for 2 out of every 3 new jobs in the U.S. and employ half of workers in the U.S. That is why the President has kept small businesses in mind with every piece of legislation that has come to his desk.

New Online Resource: The Consequences of Republicans’ Cuts

Democrats and Republicans must come together in the weeks ahead, setting aside partisanship to reach an agreement to fund the government for the rest of 2011. President Obama has been clear that he is eager to find common ground with Republicans that eliminates wasteful spending and fuels economic growth. But the President cannot support the Republicans’ current plan, which is a partisan effort to bulldoze crucial programs – one that would cripple our economy.

Startup America

In the State of the Union, President Obama set out his plans for America to out-innovate, out-educate and out-build the rest of the world. Key to achieving this ambition is today’s launch of Startup America, a national campaign to promote entrepreneurship across the country.

January 31st, 2012

President Obama announced his Startup America Legislative Agenda

President Obama outlined his Startup America Legislative Agenda, which includes provisions that cut taxes for small businesses, gets capital to growing companies, and relieves the backlog of employment-based immigrant visas

January 13th, 2012

Elevates Small Business Administrator

President Obama elevated the position of Small Business Administrator to Cabinet-level rank

September 10th, 2011

Eliminating employer payroll taxes

President Obama proposes helping small businesses create jobs in the American Jobs Act by eliminating employer payroll taxes for small businesses that create jobs or give raises above the prior year.

Because as an American I feel it is a privilege to vote, and I can't pass up the chance to move this country forward. It's what I can contribute to make things better.

Carlos

from McAllen, TX

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