Small Businesses Struggle With Costs And Regulations
It’s hard enough for small business owners who can’t get loans in this depressed credit environment. Unfortunately their troubles don’t stop there as they must battle higher costs and regulations despite having less access to capital. Indeed, small business owners have been more than willing to voice their concerns with the seemingly eager to listen politicians but as usual when it comes time to actually implementing the correct change good policy is found wanting. Lately what they actually receive from Washington has even been the opposite of what they ask for e.g. higher costs from taxes, employee benefits (Obamacare), and regulations. The looming fiscal cliff looks to be more of the same in the unlikely event of it actually occurring. All of these extra costs leveed on small businesses have dramatically decreased their plans to expand into new ventures and hire more workers (see below).
Francis Carroll, founder of the Small Business Service Bureau of Worcester best reflected this dissatisfaction of Washington we she stressed that politicians listen intently, but when they get down to the bottom line, what focus will they really give small business entrepreneurs? Often times it is not enough, I honestly don't think they realize that there is a difference between big business and small business. The Telegram continues, “Ms. Warren is supported by small businesses, however. When the Marlboro-based Massachusetts Credit Union League endorsed her at an event at the Worcester Credit Union, its president, Daniel F. Egan Jr., said she has been a “strong and vocal proponent of the benefits that credit unions provide to working families.” Thomas Oliveri, owner of Peppercorn's Grille and Tavern and Wormtown Brewing Co., both in Worcester, likes Republicans, calling them more sympathetic to business than Democrats. “Basically the Democrats are tax and spend. The Republicans want smaller government and are concentrating on small business,” he said…”
Source - The Telegram