The new rule allowing them to choose whether to opt out of birth control coverage could lead to a "very slippery slope" where companies seek to pick and choose what parts of the law to follow, said John Arensmeyer, CEO of the Small Business Majority, a coalition of about 55,000 small business members in the U.S. That would further disrupt marketplaces.
Texas lawmakers, businesses react to rollback of Obamacare birth control mandate
Those at the top need it least
Although many are claiming that the president's latest tax reform proposal will be a boon to small businesses, as an entrepreneur here in Colorado Springs, I know this plan will really only benefit large corporations and wealthy individuals (Re: "Get Started: Tax plan gets mixed small business reception").
In particular, the proposal's plan to cut the corporate and pass-through rates to 20 percent and 25 percent, respectively, is not going to benefit small businesses like mine. Because most small businesses are organized as pass through entities and the vast...
Small Business Owners With Children Know the Struggle for Work-Life Balance is Real
Starting a business and starting a family at the same time is no easy feat. Just ask Chanceé Lundy, a new mom who is also co-owner of Nspiregreen LLC in Washington, D.C.
“The cost of child care can be incredibly burdensome for small businesses, especially in large cities,” Chanceé said. “Since I had a child, I’ve had to be very disciplined in juggling my time–particularly because child care facilities where I live are very expensive and typically have a waiting list of one year or more. This can be crippling to a new business owner who did not foresee these issues.”
Letters: Small businesses support parental leave legislation
Re “Union power on display in California’s just-completed legislative session” (sacbee.com, Sept. 18): We hope Gov. Jerry Brown signs Senate Bill 63 into law. It would expand California’s unpaid leave law, and ensure that more employees who use California’s paid family leave program would be guaranteed job protection. Small Business Majority’s polling found 70 percent of small businesses nationwide are in favor of legislation such as SB 63. Small employers know it makes good business sense to take care of their employees, which is why we urge the governor to sign SB 63.
GOP tax cut: Small biz boon or loophole for rich and Trump?
“That’s not a very targeted way to benefit most small businesses,” said John Arensmeyer, CEO of Small Business Majority. The proposed rate cut wouldn’t help most small companies, he said, because the top current rate of 39.6 percent is paid by less than 2 percent of them.
Get Started: Tax plan gets mixed small business reception
The Small Business Majority said the plan would not help most small companies.
“The current top rate is paid by less than 2 percent of pass-through business owners. Nearly 9 in 10 businesses that pass through their income already pay at the 25 percent rate or less,” said the group’s CEO, John Arensmeyer.
Small Business Owner Asks Congress to Keep Obamacare
As a small business owner, I'm disappointed that Sen. Heller cosponsored the latest effort to repeal and replace the Affordable Care Act.
The ACA has been essential to the success of many entrepreneurs like me, and replacing it with a sub-par plan would be detrimental to the small business community.
Before the passage of the ACA, I had trouble finding health insurance because I was continuously denied due to my pre-existing conditions. But the ACA has been a Godsend. My consistent and reliable coverage has allowed me to remain healthy and completely focused on my small...
Steve Mnuchin tried to bury a number that tells you whom Trump's tax plan is really for
But under Trump's proposal, Jones wouldn't pay any more than 25%. As the advocacy group The Small Business Majority notes, only about 4% of "small businesses" in this country pay a tax rate of 28% or higher for their so-called pass-through businesses. So they get a tax cut, while everyone else gets nothing. No change.
Small biz trade groups cautiously favor tax reform
One association, the Small Business Majority (SBM), claims the proposed changes miss the mark when it comes to small business owners, very few of whom would benefit from reductions in the top individual income tax rates.
On the other hand, John Arensmeyer, CEO of the SBM, pointed out that cutting the top individual tax rate to 35 percent from 39.6 percent and the top pass-through rate to 25 percent would primarily help Wall Street hedge fund managers and wealthy lawyers rather than small businesses.
"It is a myth that top individual tax rates adversely harm Main Street...
Association Health Plans Won’t Cure What Ails Small Businesses
Sen. Rand Paul (R-Ky.) may be a doctor, but he obviously doesn’t have the cure for what ails small businesses. During a discussion on health care policy in his home state, Paul said President Donald Trump is likely to legalize association health plans on the federal level, which would allow more groups of similar businesses to band together to purchase insurance. Paul claims this would allow small businesses to negotiate lower rates and insure more people, but what he and others who support this idea fail to understand is that these plans would actually do the opposite.
Trump's base may have won Alabama, but the Goldman guys won the battle over his tax plan
People looking at the numbers, like Small Business Majority Founder & CEO John Arensmeyer, disagree:
"...cutting the top individual rate from 39.6 percent to 35 percent and the top pass-through rate to 25 percent will help very few small business owners. It is a myth that top individual tax rates adversely harm Main Street small businesses. In fact, the current top rate is paid by less than 2 percent of pass-through business owners. Nearly 9 in 10 businesses that pass through their income already pay at the 25 percent rate or less . Instead, this proposal would primarily...
Paid Family and Medical Leave: By the Numbers
Small businesses support paid leave
This support among small-business owners is growing. In 2013, a similar poll found that 45 percent of small-business owners supported proposals to create a publicly administered paid family and medical leave program.
Scientific Opinion Poll: Lack of Access to Child Care Holds Small Businesses Back
A scientific opinion poll released today found many small business owners struggled to access affordable child care, and a majority of small employers favor the expansion of federal programs to help low- and moderate-income families afford child care.
The telephone survey, conducted by Public Policy Polling on behalf of Small Business Majority, found 36 percent of small business owners who are parents say lack of access to affordable, high-quality child care was a barrier to starting their business. Conversely, 29 percent of business owners with children (and 34 percent of women)...
The Latest: Republicans unveil nearly $6 trillion tax cut
Small business advocates are split over the draft of the new Republican tax plan.
But the Small Business Majority says the plan wouldn’t help most small companies, and the current top rate is paid by less than 2 percent of those businesses.
By age 3, inequality is clear: Rich kids attend school. Poor kids stay with a grandparent
Thirty-six percent of small business owners say lack of access to child care was a major barrier to starting a business, according to a survey of 500 randomly selected small business owners published Monday by Small Business Majority, an advocacy group.
Opinion: Bipartisan Healthcare Proposal a Step in the Right Direction for Small Businesses
This year has been a scary one for the more the 900,000 Ohioans who have received health coverage thanks to the Affordable Care Act (ACA), including the roughly 38,000 local small business owners and solo entrepreneurs who depend on the marketplace for quality, affordable health insurance. Between dogged attempts to repeal the ACA without an adequate replacement plan, to President Donald Trump’s inability to commit to making federal payments that subsidize insurance for low-income individuals, the ACA marketplaces are less stable than they were just 12 months ago. Now, more than ever, we...
LETTER: Hoping Murkowski resists repeal
As a small business owner, I hope that Senator Murkowski will oppose this latest effort to repeal and replace the Affordable Care Act. The ACA has been essential to the success of many entrepreneurs like me, and replacing it with a sub-par plan would be detrimental to the small business community.
Before the passage of the ACA, I was struggling to provide insurance for my employees and my family because our insurance costs were escalating at an alarming rate. But after the law passed, our rates began to stabilize, and I continued to provide a small group plan for our employees even...
Don’t leave small businesses behind in reform plan
As President Donald Trump and congressional leadership stump for tax reform, it is becoming increasingly clear they do not understand why most small businesses will not benefit from drastically slashed corporate tax rates.
House Speaker Paul Ryan’s (R-Wis.) tax blueprint, for example, calls for reducing the corporate rate to a flat 20 percent because he believes this will help small employers.
President Trump, meanwhile, has floated a maximum corporate rate of 15 percent, saying recently that he intends to “dramatically reduce the tax rate for America’s small businesses,...
California’s Legislature is getting more family-friendly — and it’s not just politics driving the shift
But Omar Limon, who owns a small Southern California chain that serves Mexican shaved-ice slushies, Raspado Xpress, said he supports the bill.
“If your employee says, ‘Hey, all I want is to spend time with my baby and three months later my job will still be there,'” he said, “that’s the least we can do.”
ACA stability requires a bipartisan effort
This year has been a rocky one for the more than 169,000 Coloradans who receive health coverage through Connect for Health Colorado, including the roughly 37,000 local small business owners and solo entrepreneurs who depend on the marketplace for quality, affordable health insurance. Between dogged Republican attempts to repeal the Affordable Care Act without an adequate replacement plan, and President Donald Trump’s inability to commit to making federal payments that subsidize insurance for low-income individuals, the ACA marketplaces are less stable than they were just 12 months ago. Now...