|
Manzullo: America’s Small Businesses Thrived Under GOP House Leadership
Monday, September 25, 2006
(WASHINGTON) House Small Business Committee Chairman Don Manzullo (R-IL) today issued a report that shows Republican leadership of the U.S. House of Representatives the past 12 years has been a boon for America’s small businesses and their employees. “House Republicans have enacted an aggressive agenda to give America’s 25.8 million small businesses the tools they need to prosper and create jobs,” Manzullo said. “By reducing taxes, creating more affordable health care options, and eliminating unnecessary regulations, Republicans have made our small businesses more competitive in the global marketplace.” The 9-page report includes a comprehensive list of all legislative and administrative actions that have occurred since 1995 to help small businesses in the following categories: tax relief, regulatory relief, health care reform, litigation reform, procurement, and Small Business Administration programs. The report yielded the following statistics for small businesses in America: | 1995 | 2006 | Number of small businesses | 22 million | 25.8 million | # of minority-owned sm biz | 1.98 million | 4.1 million | # of women-owned sm biz | 5.4 million | 10.6 million | # of sm biz exporters | 108,000 | 216,000 | Highest income tax bracket | 39.6 percent | 35 percent | Cost of new regulations | $6.2 billion | $1.7 billion | % of sm biz offering health care to their employees | 28 percent | 31 percent | Prime sm biz fed contracts | $39.2 billion | $79.6 billion | Minority sm biz fed contracts | $9.4 billion | $21.7 billion | Women sm biz fed contracts | $3.3 billion | $10.5 billion | # of SBA backed sm biz loans | 55,800 | 97,900 | $ amt of SBA sm biz loans | $8.3 billion | $18.9 billion | Taxpayer subsidies for SBA credit programs | $213 million | $0 |
“Republicans will continue to promote legislation that gives small employers options to deal with the surging cost of health care; make all of the 2001 tax relief provisions permanent; fight burdensome and unnecessary federal regulations which hamper small business growth and their job creation potential; reform our litigious culture; encourage federal agencies to do more business with U.S. small businesses; and improve the programs at the SBA,” Manzullo said. The full report is attached. (END)
|
