The small business owners perceive that high taxes are hindering the process of job creation, according to Lombardo Consulting Group Survey. This survey was conducted independently by Lombardo Consulting Group which was commissioned by US chambers.
The poll also gave the opinions of small-Business owners on new legislation, economic condition of the country and government policies.
There is 50 percent of employment in private sector by small-Business owners. Small business is a heart of the economy, as per president Brack Obama.
- As perceived by 25 percent of small business owners, high taxes are the primary threat for job creation.
- Around 23 percent of small business owners believe that the chronically high budget deficits will be the chief issue over the coming years.
- More than 22 percent of the small business owners think that expansion of the government’s role in the economy will be the main threat for job creation.