The US Chamber of Commerce's recent
small business survey found that Washington policies hamper job growth, with
over a quarter of small businesses saying they have lost employees in the past
to the survey, the Affordable Care Act (Obamacare) is a top concern increasing by 10% since June 2011. Seventy-one per
cent of small businesses say the health care law makes it harder to hire, and
only 30% say they are prepared for the requirements of the law. Among the small businesses that will be
impacted by the employer mandate to provide health care insurance for
employees, one-half say they will either cut hours to reduce the number of
full-time employees or replace full-time employees with part-time workers.
survey also said small businesses are looking to legislative solutions with 42%
expressing concern that too many government regulations are adversely impacting
business and want Congress to remove barriers to encourage growth. Reform to the tax code is supported by 83%
with the majority supporting a less complex tax code.
The biggest group of
small businesses would like to see an easing of regulations of the US
Environmental Protection Agency.
The only thing that
scares small business more than what the federal government has done is what
the federal government will do next.