GLENVIEW, Ill. — Three out of four small-business owners say they would rather see the government enact simple tax cuts than create stimulus initiatives intended to stimulate the economy, according to a SurePayroll survey.
In addition, more than 64% of survey participants indicated that none of the recently enacted stimulus provisions for small businesses would apply to their businesses, and 72% said they would have no idea how to apply for or access loans/capital from the recent stimulus initiatives even if they were eligible, SurePayroll says.
“Small businesses employ an estimated 59 million members of the U.S. workforce, so the [Obama] administration would be wise to listen to what they are saying,” says Michael Alter, president of SurePayroll. “Right now, they’re saying that they need simple tax cuts, not more provisions that don’t seem relevant.
“Not only does the administration seem to be out of touch with the small-business market, but Obama’s team needs to reconsider [its] communications strategy, as those who may be interested in taking advantage of the provisions don’t know how to.”