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Public Statements

Danger Zone: A Small Business Hiring Slump?

Press Release

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Next week, the House will debate another bill designed to help America's small businesses retain and hire new employees. If passed by the Senate, the measure will come just in time to help free up capital and spur small business job creation in the real economy.

That's because after six months of rising small business optimism, a new survey by the nation's largest small business trade association, the National Federation of Independent Business (NFIB), shows small business optimism fell last month. The nearly two percentage-point decrease means that small business owners are projecting decreased sales and profits, and a decline in hiring new workers.

In the NFIB survey, nine of the 10 components fell last month, and while new jobs per firm increased by the most in a year, fewer business owners planned to hire new workers.

"I hear it all the time in every corner of Essex, Passaic, Morris, Sussex and Somerset counties: what's most discouraging to small business owners these days is the prospect of more taxes and more government red tape," Rodney said.

"These men and women need more opportunity to grow, invest in their businesses and retain and hire new workers. The Small Business Tax Cut Act will attack these challenges by giving 22 million hard-working small business owners a 20 percent tax cut that will help them retain and hire new employees."

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