Health Care Law Emerged as Top Concern as Deadline for Full Implementation of Law’s Requirements Loom
WASHINGTON, D.C.—The U.S. Chamber of Commerce’s latest quarterly small business survey
finds that the health care law has emerged as the top concern for small
businesses. The survey, conducted online by Harris Interactive in July
2013 among more than 1,300 small business executives, shows that
concerns about regulation have increased significantly and hiring
continues to be stalled by uncertainty and regulatory burdens.
The outlook for hiring remains grim, with the majority of small
businesses saying they do not have plans to hire next year. However,
small business owners overwhelmingly voiced support for polices that
would remove regulatory barriers and encourage growth, with 88%
supporting action to address entitlement spending, and 81% responding
that the immigration system is broken and needs to be reformed.
“Excessive regulation is having a crippling effect on job growth
among small businesses, as our latest small business survey makes
clear,” said Rob Engstrom, the Chamber’s senior vice president and
national political director. “In fact, the only thing that scares small
businesses more than the current business climate is what Washington
bureaucrats will do next. Today’s tough economic climate demands
leadership on today’s big issues.”
Concern about the 2010 health care bill has increased by 10-points
since June 2011 and by four points since last quarter. Eight-out-of-ten
small businesses (79%) continue to think the U.S. economy is off on the
wrong track, and 61% do not have plans to hire in the next year.
“The impact of the health care law on small business gets worse with
every day that passes,” Engstrom said. “As we approach the 2014
elections, we will hold members of Congress accountable for votes on
policies that paralyze growth and job creation. And health care will be
a defining issue for the business community.”
Read full article here from U.S. Chamber of Commerce
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