Sixty-four percent of small business owners do not believe tax increases should be part of the federal government’s plan to reduce the deficit, according to a new survey.
The poll of 1,100 business owners, by Newtek Business Services, found that only 35.7 percent of the respondents believe tax increases should be part of the federal government’s plan to reduce the deficit.
Meanwhile, 58.4 percent of the respondents felt that lower taxes and increased cash flow would not prompt them to hire more staff for their businesses, while 41.6 percent said it would prompt them to hire.
Asked whether they planned to expand their business or do more hiring in the next 12 months, 39.6 percent said yes and 60.4 percent said no. In addition, 38.9 percent said the federally mandated health care reform bill was helpful to their business, while 61.1 percent said it was harmful.
