Speaker Nancy Pelosi

U.S. House of Representatives

Small Business Owners Say No Raises or New Hiring Under GOP Tax Scam

April 30, 2018
Blog
It’s National Small Business Week.  And as Republican politicians continue to claim that their deficit-exploding tax bill helps small businesses and American workers, small business owners themselves are saying something very different.

In fact, most small business owners in battleground states say the GOP tax scam – which mortgages the future of seniors and working families in order to hand massive tax breaks to Wall Street, pharmaceutical companies, corporations shipping jobs overseas and the wealthiest 1 percent – isn’t helping small business owners hire, give raises or compete against big corporations:

The Hill Op-Ed: Poll: Most small-business owners say they will not hire, give raises because of new tax law

We conducted a public opinion poll of small-business owners in the battleground states of Arizona, Nevada, Maine and Tennessee with the express purpose of learning what the tax cuts will mean for their business growth. What we found is most small-business owners don’t think the possible benefits of new law will enable them to invest in their businesses and believe it further tilts the playing field in favor of big corporations:

  • Seven in 10 small-business owners said they would not hire a new employee as a result of the new tax law.
  • Six in 10 small-business owners said they would not be giving their employees raises.
  • 54 percent of small-business owners say the tax law favors large corporations over small businesses.
  • 55 percent of respondents do not believe the law puts small businesses on a level playing field with big businesses.
  • Importantly, given the partisan nature of the law, 41 percent identify as Republican, 31 percent as Democrat and 28 percent as independent or something else.

Clearly the new law—which has come under fire for heavily favoring large corporations—is not going to do much to help small-business owners grow their businesses. Nor is it going to allow them to invest in the millions of people they employ.

Hard-working American families deserve better than the raw deal Republicans are offering them.

Democrats are fighting for A Better Deal: Better Jobs, Better Wages, and a Better Future for everyone.