William C. Dunkelberg, chief economist for the National Federation of Independent Business, issued the following statement on July job numbers based on NFIB's monthly economic survey that will be released on Tuesday, August 11:
"Seasonally adjusted, there was a decline in average employment per firm of 0.81 workers reported during the last three months among small business owners in July. Seven percent of owners increased employment by an average of 3.4 workers per firm, but 24 percent reduced employment an average of 4.1 workers per firm, seasonally adjusted.
"What's more, over the next three months, 14 percent plan to reduce employment (up four points), and 8 percent plan to create new jobs--down two points--yielding a seasonally adjusted net negative 3 percent of owners planning to create new jobs, a two-point deterioration. Not seasonally adjusted, net job creation plans were zero or negative in all industry groups and negative in all nine Census regions.
"Clearly, the employment picture being painted by small business owners is not pretty. The little that was in the stimulus package for small businesses is not having the intended effect--creating jobs. This is just more evidence that now is not the time to be slapping new taxes or expensive mandates on small businesses, which is exactly what H.R. 3200, the House healthcare reform bill, would do."
There are no new taxes or no expensive mandate on any business in regards o HR 3200. The govt plan is simply an option for those of "us" who do not have medical coverage or are not provided by their respective companies.
If you are providing a good medical program for your employees, then there is no need to worry. But if like most employers, you are "screwing" up your employees, its time to step up and do the right thing, Mr. Dunkelberg.
Mr. Jones, How in the world do we pay for this without new taxes??? Even the advocates in the White House and Congress are talking about how to pay for this with higher income tax rates. They never include appropriations in a bill like this one. That comes later.
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I couldn't agree more. Congress is killing the small business sector and somehow hoping for job creation. It's like shooting yourself in the foot and then expecting to be able to run faster.