The Job Creators Alliance Positions & Core Beliefs
The Job Creators Alliance believes that America’s entrepreneurs and
innovators are the engines of economic growth and job creation. The
path back to prosperity is one in which private sector businesses are
empowered to grow and thrive.
The Job Creators Alliance believes that America’s entrepreneurs and innovators are the engines of economic growth and job creation. The path back to prosperity is one in which private sector businesses are empowered to grow and thrive.
Uncertainty
The large role the Federal government has taken in the economy and the prospect of higher taxes and increased regulation have created uncertainty, making job creators and innovators reluctant to start new businesses and hire additional workers. When companies can’t predict whether their taxes will rise or whether new regulations will damage their business, they can’t plan for the future. Uncertainty paralyzes decisions to expand, invest in new equipment, and create new jobs.
Taxes
The U.S. has one of the highest corporate tax rates in the world, second only to Japan. Small businesses, which generally lead hiring in economic recoveries, often pay taxes as individuals and fall into high tax brackets. Tax hikes on the “rich” can cut directly into a small business's bottom line. It’s hard for small businesses to hire when Washington forces them to question whether they will have the capital to do so.
Regulations and Litigation
A vast array of new regulations, from the new health care law, to financial reform legislations, to an activist Environmental Protection Agency, has companies running scared. Some new regulations are already taking a toll, while others will soon be implemented, and the impact is difficult to measure, eroding confidence further. Compounding the problem, out of control lawsuits raise costs for businesses operating in the U.S. The regulatory and legal environment hurts not only companies that already are operating in the U.S., but deters companies overseas from setting up operations and creating jobs in the U.S.
Business Credit
Small and mid-sized businesses depend on bank credit for financing inventories and expansion. With banks still reeling from the financial crisis, lending to businesses has been very slow to improve.