NSBA Commentary in Washington Post

December 13, 2011

On Sunday, the Washington Post Capital Business ran a commentary spearheaded by NSBA outlining the critical economic contributions of small business. Of particular note is the fact that the heads of the six leading, national small-business groups jointly offered the commentary. The National Small Business Association, the National Federation of Independent Business, the National Association for the Self-Employed, the Small Business and Entrepreneurship Council, the Small Business Legislative Council and Small Business Majority together provided a commentary to dispel some of the false rhetoric of late which has called into question the role of small business in the U.S. economy.

The small-business commentary highlights some of the criticisms recently aimed at small business, chief among them that politicians give preferential treatment to small business. The reality of which is that talking about small business and actually helping small business are two very different things.

The small-business commentary underscores the importance of small business and provides data in a handful of key categories: most people in the U.S. work for a small business; small businesses fuel job growth; regulations impact small firms more than big business; self-employed firms do provide employment; small businesses drive the U.S. economy; and small businesses lead in innovation.

Prompted by various other commentaries offered by pundits questioning the role of small business and the validity of the burdens small businesses face, the small-business commentary urges pundits to ask themselves, before they claim small business isn’t a big deal or question why small business is not creating as many jobs as they used to, is: would I want to start my own business today? Could I handle the myriad challenges: difficulty getting much-needed capital; never-ending health insurance cost increases; numerous tax and regulatory requirements from the federal as well as local, city and state governments; and unprecedented uncertainty in the U.S. economy?

The six chief authors of the small-business commentary warned against making it too difficult to start, run and grow a small business, thus stymieing job growth and economic prosperity.

Please click here to view the full commentary.