NSBA Leadership Testifies on State of Small BusinessMarch 4, 2015
Molly Brogan Day
Washington, D.C. – Earlier today, National Small Business Association (NSBA) Vice Chair for Advocacy, Cynthia Kay, owner and president of Cynthia Kay and Company Media Production in Grand Rapids, Michigan, testified on the state of U.S. small business before the House Committee on Small Business. The focus of the hearing was to understand how small business is faring and how to improve America’s small-business economy.
In her testimony, Kay described some of the biggest challenges she faces as a small-business owner and also discussed the recently released NSBA 2014 Year-End Economic Report which provides data on how small businesses are dealing with the current economic situation.
“As a business owner for 27 years, I have experienced a number of economic downturns, none more difficult than the past one,” stated Kay. “And while things today look much better than they have in several years, we’re not out of the woods yet.”
Kay also discussed NSBA’s recent Small Business Congress where members voted on the organization’s Top 10 Priorities for the 114th Congress, and the number one priority is to ensure corporate-only tax reform includes some kind of workable solution for the millions of pass-through small businesses who would see no relief from corporate-only tax reform.
Kay went on to highlight various hurdles to entrepreneurship, including access to capital, regulatory burdens and an unstable tax code, citing the need to alleviate some of these burdens in order to revitalize small-business start-up growth
“Small businesses simply need the environment to grow and create jobs—frankly, we need lawmakers who are willing to tackle the major issues facing our country, and do it together,” she concluded.
NSBA applauds the House Committee on Small Business for holding this important hearing and looks forward to working closely with Chairman Chabot and all Committee Members on promoting pro-small-business policies such as regulatory restraint, improved access to capital and tax simplification.
Please click here to read the full testimony.
Celebrating more than 75 years in operation, NSBA is a staunchly nonpartisan organization advocating on behalf of America’s entrepreneurs. NSBA’s 65,000 members represent every state and every industry in the U.S., and we are proud to be the nation’s first small-business advocacy organization. Please visit www.nsba.biz or follow us at @NSBAAdvocate.