Small Businesses View of the Government

According to the latest survey from NFIB a plurality (33%) of small businesses think that Washington’s biggest economic priority is “Getting the federal budget under control”. More than the rising cost of health insurance (more on that in a bit), more than reforming the tax code and more than the regulatory burden.

The survey also showed that 63% of small business owners think the country is on the wrong track. 35% say taxes are too high, 1% say they are too low.

By a 3:1 margin, business owners say they prefer little government interference over strong government guidance.

78% somewhat or strongly agree that employers should be able to offer a tax deductible reimbursement or financial support to help employees pay for health insurance plans that the employee purchases on their own. From an NFIB article on the survey…

…a huge majority of small business owners think that employers should be allowed to offer tax-deductible reimbursements to help workers get coverage. Under an IRS regulation that took effect this this year, that practice is now illegal. In fact, businesses that reimburse workers for the cost of health care can now be fined 17 times more than businesses that fail to provide any coverage at all under the ACA. Read More

Your government at work.

More reading…