Small business is the backbone of our economy. They create new jobs, employ half of the private sector workforce, and represent 99.9% of the businesses in this country. In recent years, small businesses have created 7 out of every 10 private sector jobs. In tough economic times, the government should do everything in its power to help small businesses, not burden them with new regulations and higher taxes. In order to jumpstart this economy, we must empower small businesses and give them the resources they need to create jobs and …
At a hearing in March I asked Secretary Tim Geithner whether the US was at risk for losing our AAA credit rating, as a Moody’s quarterly report had indicated. He point blank responded that there is “not a chance” that this would happen to our country. I wish I could share his confidence, but given how things have unraveled in the past few months, I believe that America needs to take a step back and seriously reevaluate the way the government does business these days. While the Administration pushed through …
