Whether it’s the uncertainty of the new health care provisions, the plethora of proposed regulations included in Dodd-Frank, or the current budget and debt debate — one thing is for sure: small business owners are faced with an unprecedented amount of uncertainty.
This is why the Budget Control Act of 2011, signed into law by the President on Tuesday, is good for small businesses.
While not perfect, it prevents default and addresses our out-of-control debt without any job-killing tax increases, which will help provide some much-needed certainty for our nation’s most robust job creators. Speaker John Boehner and Senate Minority Leader Mitch McConnell fought hard and were successful in negotiating a bi-partisan plan to pay our bills without any tax increases, despite demands by President Obama and Majority Leader Harry Reid to do so.
Tax increases are a significant threat to jobs.