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New Online Portal Offers Loans Up to $500,000 to African American Entrepreneurs in Chicago

Black Enterprise

The national advocacy group Small Business Majority, national online lender Fundera, and micro-lender Accion have developed SimpleGrowth, a new online lending marketplace. Calling SimpleGrowth a first-of-its-kind local lending portal, officials say the platform will allow African American entrepreneurs in Chicago to connect with area lenders via a website.

John Arensmeyer, Small Business Majority founder and CEO, says lack of access to capital for small businesses is a major problem and is throttling our economy. “Small business owners represent 99% of employer firms, but many who...

Inside the Tax Bill: Entrepreneurs Are Losers

Inc

About 95 percent of the companies in the U.S. are structured as pass-through businesses. However, to prevent the rate from becoming a loophole for individuals, tax writers created a formula that will make business owners pay a higher individual tax rate on income that they receive as wages. This has angered some entrepreneurs, including the Small Business Majority, a left-leaning advocacy organization, which wrote in a statement that slashing the pass-through rate would help very few owners.

Republican Tax Plan, Small Business on the Hook

Tampa Bay Times

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.

Mnuchin, small business groups clash over tax plan benefits

Fox Business

Additionally, the founder and CEO of the Small Business Majority said the legislation would significantly increase the deficit without bringing any tangible benefits to America’s small businesses.

“Today’s tax proposals are being billed by many as ‘small business tax cuts,’ but as the research shows, they won't actually help the vast majority of small firms,” John Arensmeyer said in a statement.

Small Business Majority says tax bill won't help Main Street

The Green Sheet

In fact, Small Business Majority’s recent scientific opinion polling found seven in 10 small business owners believe their business is harmed when big corporations use loopholes to avoid taxes.

Opinion: House Tax Bill Won’t Save Most Small Businesses Money

AccountingWeb

The following is a statement from Small Business Majority Founder & CEO John Arensmeyer on why tax legislation released today by the U.S. House of Representatives will increase the deficit without helping small firms.
 
The tax legislation released today by Republican leadership in the U.S. House of Representatives may be advertised as a windfall for small businesses, but in reality would be little more than a $1.5 trillion expenditure that would not pay off for Main Street.

53,000 Colorado Women Face Rollback of Birth Control Benefits

Public News Service

A survey of women who own small businesses found that many see access to birth control as a critical factor for career advancement and launching companies. Emily Dewey, outreach manager for the Small Business Majority, which commissioned the poll, said access to affordable birth control is more than a health issue.

Small Businesses Support Equality in Masterpiece Case

Common Dreams

A 2015 poll from Small Business Majority, the Center for American Progress, and American Unity Fund found: Two-thirds of small business owners don’t believe businesses should be able to deny goods or services to LGBT people based solely on their religious beliefs.

Small-business survey: End tax loopholes for big corporations

Business Record

The survey of more than 500 randomly selected small-business owners was conducted on behalf of Small Business Majority, an advocacy group founded and run by small-business owners.

SMALL VS. LARGE

Politico

The lion’s share of small businesses — nearly 85 percent — that responded to a poll for Small Business Majority believe large corporations unfairly benefit from current tax laws compared to smaller companies. But about three-quarters are in favor of a one-time, 10 percent tax on overseas profits booked abroad to avoid the top corporate rate of 35 percent, as long as lawmakers eliminate the so-called lockout effect going forward. Reducing health care costs ranked atop respondents’ wish list for Congress to work on, ahead of taxes. The poll, conducted by Greenberg Quinlan Rosner Research for...

Small businesses need paid leave

The News & Observer

A scientific poll by the Small Business Majority and the Center for American Progress in March of this year showed that a whopping 70 percent of small-business owners support the idea of a policy that would provide employees with access to paid time off for personal or family medical situations. Paid family medical leave also has the support of a large and bipartisan majority of the general American public.

President Trump Signs Executive Order Allowing Association Health Plans

American Booksellers Association

Not all small business organizations were supportive of the executive order. John Arensmeyer of the Small Business Majority criticized the order, saying it was bad for small business. “While President Trump’s order would make it easier for a few select small businesses with younger and/or healthier employees to purchase association health plans that might be cheaper in other states,” he stressed, “the tradeoff is that this would result in the emergence of parallel insurance markets for small businesses, leading to major spikes in premiums for small firms that remain in the small-group...

What Really Helps Women Succeed at Work? Access to Birth Control.

Slate

A new poll out from Small Business Majority surveyed more than 500 female entrepreneurs and found that more than half of the women (56 percent) say 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. Women-led small businesses are one of the fastest-growing segments of the economy, projected to create about one-third of all new jobs between 2010 and 2018.

Exclusive: Majority of female small business owners say birth control key to professional success

Yahoo Health

The Trump administration moved last week to make it easier for employers to deny their workers contraception coverage. But according to new research, one group of employers feels very strongly about the need for birth control coverage: women.

New polling conducted by Small Business Majority, an organization that advocates for policy solutions that bolster the economy, female small business owners not only support birth control coverage but also cite it as a critical factor in their own ability to advance their careers and start their businesses.

Five hundred and seven female...

National Monument Policy Fight Moves to Congress

Daily Yonder

“Rather than undermining the Antiquities Act and putting federally-protected lands in jeopardy, Washington should be focusing on creating new parks, expanding outdoor recreational opportunities and helping protect the public lands that draw in visitors and give an economic boost to their communities,” John Arensmeyer, founder and CEO of Small Business Majority, stated in an email.

“Small business owners—who account for nearly half of all private-sector employment in this country—understand the connection between the preservation of public lands and the benefit that brings to their...

What Trump’s Health Care Order Means For Small Businesses

Nav

Small Business Majority also warns that these plans may result in higher costs for small businesses that choose to remain in the small-group market, saying in a statement that “The tradeoff is that this would result in the emergence of parallel insurance markets for small businesses.”

Trump doesn’t need a bill in order to kill the ACA.

The New Republic

Trump claims this change will support small business owners, but at least one advocacy group isn’t convinced. In a statement to the New Republic, Small Business Majority Founder and CEO John Arensmyer said Trump’s order “would result in the emergence of parallel insurance markets for small businesses, leading to major spikes in premiums for small firms that remain in the small-group market.” Arensmyer added that the plans offered “fewer consumer safeguards” and concluded, “This administration has shown once again that it cannot and will not accept a simple truth: The ACA has helped...

Trump’s Order Advances GOP Go-To Ideas To Broaden Insurance Choices, Curb Costs

Kaiser Health News

“The truth is, that’s how they get insurance today and it’s called the small group market. Every state has one,” said David Chase, spokesman for Small Business Majority, a group that supports the ACA.

“What association plans would do is actually pull people out of those small group pools and start a bunch of new pools. That doesn’t band people together,” he added.

Governor Signs Jackson Bill for Parental Leave

Noozhawk.com

An opinion poll, released this year from Small Business Majority and the Center for American Progress, showed that a majority of small business owners — 71 percent — support expanding job protection for family and medical leave to businesses with 20 or more employees.

D.C. business leaders weigh in on paid leave's proposed changes

Washington Business Journal

Erik Rettig, the Northeast/Mid-Atlantic director of the Small Business Majority, urged the council to move forward with implementation rather than entertaining alternatives to the paid leave law, which he said is "the most affordable way for their companies to provide paid leave to their employees."

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