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Tuesday, August 21, 2012

Overwhelming Majority Says Lower Taxes, Less Regulations Would Make Them More Likely To Invest

By Susan Duclos

While Barack Obama talks about raising taxes on businesses and pushes job killing regulations, the majority, according to Gallup, cite lower federal taxes and fewer government regulations as something that would make them more likely to invest.


At least seven in 10 U.S. small-business owners say a better sales outlook, more certainty about their operating environment, and lower federal taxes would make their companies more likely to make capital investments in the next 12 months. Lower on the list -- although still chosen by a majority -- were fewer government regulations, more affordable technology, and special government tax credits.

Businesses, which contribute the most to job growth and economic growth are clear on what will encourage them to build, grow, hire and invest and all of those things are the exact opposite of the agenda Barack Obama has been pushing the last nearly four years.

Further, the run-up to the presidential election may increase economic uncertainty, rather than reducing it. The pending election has also brought things nearly to a halt in Washington, suggesting the federal government is not likely to make much effort in the near term to help small businesses by lowering federal taxes, reducing federal regulations, and/or providing special government tax credits. Thus, small business may be in a holding pattern of sorts until the outcome of the Nov. 6 election is known.

It is no wonder the Obama recovery has been the feeblest since the Great Depression. (Source- AP)