Small Business

Small businesses are the backbone of Louisiana’s economy and have accounted for 75 percent of new jobs during our country’s economic recovery. I have visited small businesses throughout our state to hear what's on the mind of local entrepreneurs and workers.

In order to prosper in the twenty-first century, Louisiana must have a successful, growing small business community. That's why I am so focused these efforts to help our small businesses.

Rolling back costly administrative reporting requirements enacted as part of Obamacare that inhibit small businesses ability to retain workers and grow their businesses.

Working on the Small Business Committee to ensure Louisiana small businesses have access to funding for workforce investment initiatives such as job training programs, grants to grow their businesses and create more jobs in their local communities, and working with the Small Business Administration to simplify rules and regulations to reduce compliance costs. 

Expanding and strengthening shipbuilding activities and related industries in Louisiana.

Supporting Association Health Plans to allow small businesses to partner with each other and operate as a larger group to lower the cost of health care for their employees.

Fighting for a fair, flatter, more competitive tax system that helps small businesses by lowering their tax rates so they can compete with larger business both in the U.S. and abroad.

Protecting small, family owned businesses by fighting to repeal the ‘death tax’ which robs families of businesses they have built over a lifetime.

U.S. Senate Small Business Committee

U.S. Small Business Administration

Louisiana Department of Economic Development

National Federation of Independent Business

U.S. Department of Commerce Economic Development Agency


 

Latest

  • Vitter Receives "Spirit of Enterprise" Award

    (Washington, D.C.) - U.S. Senator David Vitter received the U.S. Chamber of Commerce's "Spirit of Enterprise" award. The award recognizes members of Congress who supported pro-business legislation during the 112th Congress.

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  • ICYMI: Fed Governor’s Plan to Limit Bank Size Fuels Debate (New York Times)

         “Now, a powerful insider has suggested a simple tool that could place a tight limit on the size of individual banks. Daniel K. Tarullo, a Federal Reserve governor who oversees bank regulation, said in a speech last week that an important part of a bank’s balance sheet could be capped at a set percentage of the nation’s gross domestic product…

         “I am completely open to the proposal because of my similar concern about the growing size of institutions that are too big to fail,” said Senator David Vitter, a Republican of Louisiana. “Beyond this specific proposal, there is a growing nonpartisan consensus to do a lot more to limit the size of the megabanks.”

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  • ICYMI: Dodd-Frank's Heavy Hand but Slight Value, by Sen. Vitter (Wall Street Journal)

         A little more than two years ago President Obama signed the Dodd-Frank bill, promising to end taxpayer-funded bailouts.

         Of course there is no such end in sight…

         The financial reform that we truly need is more systemic: reform the core structure of the market in a way that enhances financial stability. We should start by increasing capital standards for megabanks.

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  • Vitter to LTG Bostick with Corps: Morganza Delays are Beyond Frustrating

    (Washington, D.C.) - U.S. Sen. David Vitter (R-La.) met with Lieutenant General Tom Bostick, Commanding General of the U.S. Army Corps of Engineers yesterday, to discuss repeated delays and a path forward on the Morganza to the Gulf hurricane protection project for Terrebonne and Lafourche Parishes. Terrebonne and Lafourche parish experienced significant damage from past hurricanes that could have been prevented had the Morganza levee system been in place. Vitter has asked the Corps to put forth an viable, cost-effective project that would provide an adequate level of flood protection for that region.

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  • Vitter Applauds FHFA in Denying Fannie and Freddie Taxpayer Bailout

    (Washington, D.C.) - U.S. Sen. David Vitter today applauded the announcement by the Federal Housing Finance Agency Director Ed DeMarco that he would not permit Fannie Mae and Freddie Mac to use the leftover Troubled Asset Relief Program (TARP) funds to reduce the principle of mortgages because nearly all of the financial benefit comes at the expense of the taxpayer.

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