Improving access to capital is one of the most crucial issues for entrepreneurs. Small Business Majority’s polling found 90 percent of small business owners identify access to capital as a top concern. This finding is no surprise given that many small business owners are still struggling to access capital post-recession. And when small businesses are approved for loans, it’s often not for the full amount requested. In fact, the Federal Reserve found of those small business owners who did receive a loan, only half were approved for the full amount requested.
Lawmakers should support small businesses during National Entrepreneurship Month
Letter: Taxes and small businesses
House Republicans finally unveiled their plan for tax reform and this small business owner is not impressed. Despite promises that the plan would provide a boost to small businesses, this will instead benefit wealthy corporations and individuals.
The biggest proposed boon to small business owners is the lowering of the pass-through tax rate to 25 percent. But my pass-through business would not receive a tax cut under this plan as deductions I rely on are eliminated, impacting my bottom line.
Small Business Owners Say That Discrimination Against Queer People Is Bad For Business
The Small Business Majority gave the Debt Free Guys an exclusive sneak peek at the results of its Small Business Owners Oppose Denying Services to LGBT Customers poll conducted to gauge entrepreneurs’ opinions on whether private businesses should be permitted to deny goods, services and employment to queer people based on religious beliefs, the business or business owners’ right to free speech and artistic expression. The findings will be released later today.
Even some Republicans agree tax plans won't help small businesses
Indeed, very few small businesses would benefit from capping the corporate tax rate at 20 percent, because so few pay the corporate rate to begin with. What’s more, entrepreneurs oppose lowering that rate without getting rid of corporate tax loopholes, because doing so would greatly increase the deficit while continuing to put small businesses at a disadvantage.
In fact, Small Business Majority’s recent scientific opinion polling found 85 percent of small-business owners feel the tax code unfairly benefits large corporations over small businesses and that corporations and wealthy...
Sen. Johnson is a ‘no’ on the tax bill. He says it hurts businesses (like his own).
John Arensmeyer, chief executive and founder of Small Business Majority, said that the Senate bill provisions on pass through income took “a small step toward helping people at the bottom,” but he said he still opposes an overall tax cut and the rush to pass a measure as complicated as tax reform.
As for Johnson’s proposal to tax all corporate profits as pass-through income, Arensmeyer said “we don’t think that’s the way to go. And if we were to consider something that radical, it would require a lot more time and analysis. At the end of the day we would want to make sure the...
Health care options
There is a lot of confusion and misinformation right now about the future of the Affordable Care Act (ACA) and open enrollment for purchasing health care through Covered California. Many solo entrepreneurs and small-business employees rely on the ACA marketplaces for their health insurance, so it’s crucial that small-business owners learn about their options and get covered early.
Women of Color Small Business Owners: Access to Birth Control Is Vital To Our Success
A new poll by the advocacy group Small Business Majority surveyed 507 female entrepreneurs and discovered that 56% said that access to birth control and the ability to decide if and when to have children allowed them to advance in their careers and start their businesses. The poll, which included oversamples of African American and Latina small business owners, found reproductive healthcare is especially important to women entrepreneurs.
With the move by the Trump administration to roll back this requirement, the Small Business Majority contends that it’s important to understand the...
There is a lot of confusion and misinformation right now about the future of the Affordable Care Act and open enrollment for purchasing healthcare through Healthcare.gov. Many solo entrepreneurs and small business employees rely on the ACA marketplaces for their health insurance, so it’s crucial that small business owners learn about their options and get covered early.
Get Started: House committee OKs small business tax changes
Small business advocates were split about the revised House bill. "It includes real tax relief, allowing small business owners to keep more of their money to invest in growth and create new jobs," said Juanita Duggan, CEO of the National Federation of Independent Business.
But John Arensmeyer, CEO of the Small Business Majority, said that in the new House version, "the bulk of benefits are still going to large corporations and wealthy individuals rather than Main Street." The Senate version also favors the wealthiest corporations rather than small companies, he...
Small-business owners should learn health care options (LTE by Mary Overbey)
There is a lot of confusion and misinformation right now about the future of the Affordable Care Act and open enrollment for purchasing health care through Healthcare.gov. Many solo entrepreneurs and small-business employees rely on the ACA marketplaces for their health insurance, so it’s crucial that small-business owners learn about their options and get covered early.
Nathan Proctor: Republican assault on small business
It's hard enough to compete with big companies as a small business, and the federal government shouldn't make matters worse by letting big companies avoid their responsibilities. Instead of closing these loopholes, the bill moving forward in Congress right now would make them worse. They would slash the tax bill owed by offshoring companies by hundreds of billions of dollars and widen loopholes that reward offshoring moving forward.
According to Small Business Majority, the tax provisions which tax writers claim will help small business won't do much. The cut on...
Things May Have Just Got Easier for Entrepreneurs in Chicago
Small Business Majority, Fundera and Accion have developed SimpleGrowth, an online lending marketplace. The first of its kind online financial resource platform allows Black entrepreneurs in the city to connect will lenders with the click of a button.
Big business is a big winner of GOP small business tax plan
House GOP leaders have hailed their new tax proposals as helping the small-business owner, but small-business associations say they help big enterprises, not small ones, and vowed Tuesday to sink the bill in its current form.
John Arensmeyer, head of the Small Business Majority, said the pass-through provision would benefit only 2 percent of small businesses. And he disagrees with Ryan when the speaker says that small businesses would benefit from the abolition of estate taxes; Arensmeyer said about 20 small businesses a year are big enough to trigger estate taxes.
Get Started: Mixed small business reception for GOP tax plan
The GOP's proposed tax overhaul is getting a mixed reaction from small business advocates, with some saying they hope the plan will be revised as it makes its way through Congress.
Small Business Majority CEO John Arensmeyer said, "nearly nine in 10 businesses that pass through their income already pay at the 25 percent rate or less," and said the bill would help wealthy individuals more than small businesses.
Why the Republican Tax Plan Won't Help Small Businesses
Small Business Majority CEO John Arensmeyer joins Stuart Varney on Fox Business to discuss the House's tax plan and its impact on small businesses.
99.1 FM Radio Talk of Small Business Majority
“Small business organization says 70% of their members say “no thanks” to tax bill. Small Business Majority is the name of this group, John Arensmeyer the founder.”
Tax plan scapegoats small businesses: Letter to the editor
Small business owners already feel the current tax system unfairly favors big business which was underscored by a recent opinion poll from Small Business Majority. The poll also found small businesses want tax reform to make the system more fair rather than simply handing out tax cuts.
Small business reaction to new GOP tax plan
Small Business Majority founder and CEO John Arensmeyer joins the debate.
Trump's tax reform: All the benefits for big business?
The GOP released its tax reform framework on Thursday, which it is heralding as a blueprint to boost growth for U.S. businesses both large and small, but larger corporations appeared more satisfied with the proposals than their smaller counterparts.
Similarly, the founder and CEO of the Small Business Majority John Arensmeyer said the bill would drive up the deficit while doing “virtually nothing” to benefit America’s small businesses.
These powerful business groups hate the GOP tax plan
Most small businesses are set up as "pass-throughs," meaning their profits are passed through to the owners, shareholders and partners, who pay tax on them through their personal returns. The GOP tax bill slashes the pass-through tax rate to 25%.
However, small business owners fear this won't help the vast majority of them because most already pay taxes at a 25% rate or less. "This proposal would primarily help wealthy individuals rather than small businesses," according to John Arensmeyer, CEO of the Small Business Majority, another advocacy group....