Tags: Steve Chabot | Ohio | business | America | future | economy | GOP Address

Rep. Chabot: Small Businesses Vital to America's Future

(AP)

By    |   Saturday, 07 May 2016 08:48 AM

The nation's small businesses play a vital role in the American economy and House Republicans are working to protect them through an agenda that focuses both on jobs and economic growth, House Small Business Chairman Steve Chabot, R-Ohio said Saturday in recognition of National Small Business Week.

"If we want a confident America, we need confident Americans," said Chabot in this week's GOP address. "Top-down regulations and higher taxes don't inspire confidence. Job creation, innovation, and the courage to try and fail until you succeed — those are the building blocks of a future we can all get excited about."

At least one in three Americans works at a small business said Chabot, meaning the millions of individuals and families depend on keeping such enterprises strong.

"That's why, when we talk about supporting our small businesses, we aren't talking about buildings on Main Street or bottom lines on spreadsheets," he said."We're talking about millions of people, families, and futures."

National Small Business Week wrapped up on Saturday. The recognition started back in 1963 to celebrate the contributions of small businesses to the American economy.

"Times have changed, business models have changed, but the enduring spirit of American innovation continues to breathe life into our economy and create the jobs no government program can," said Chabot.

And while there is much divisiveness in Washington, Chabot said he has not met anyone who thinks small businesses should carry the burden of excessive regulations and taxes, but it still happens.

"On average, small businesses have to pay more than $11,000 for each employee in federal regulatory costs alone," said Chabot. "That's before the tax bill comes in, and that's before these new, higher healthcare premiums are due."

House Republicans have been working to encourage small business, he said, including making the research and development tax credit permanent, getting rid of the oil export ban, waiving upfront loan fees for veterans, and strengthening and empowering local small business development organizations.

"We know that every business, product, and job — big or small — started with an idea," said Chabot. "Small business owners, employees, and entrepreneurs everywhere should be energized by our reform agenda for the future."

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The nation's small businesses play a vital role in the American economy and House Republicans are working to protect them through an agenda that focuses both on jobs and economic growth, House Small Business Chairman Steve Chabot, R-Ohio said Saturday in recognition of...
Steve Chabot, Ohio, business, America, future, economy, GOP Address
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2016-48-07
Saturday, 07 May 2016 08:48 AM
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