The hubbub of the election is finally behind us, but with only a month left until the end of the year our nation is dangerously close to the edge of the “fiscal cliff”—a vast array of tax provisions set to expire at the end of 2012, at the same time that across-the-board spending cuts start to kick in. This situation could have dire consequences for small businesses and their core customer base, the middle class. That’s why small business owners were on the move this week in Washington, D.C., working with President Obama to come up with solutions to our tax and budget dilemma.
One of our network council members, Lisa Goodbee, traveled from Denver to D.C. as one of 15 entrepreneurs selected to meet with the president and discuss the challenges her business will face if we don’t sidestep the fiscal cliff.
Lisa talked about the meeting on CNN’s Early Start on Wednesday, and her remarks at the event have been covered by Businessweek, National Journal and more. Another small business owner in our network, Anne Zimmerman of Cincinnati, was recently featured on the front page of the New York Times discussing the expiration of high-income tax cuts—a provision much of the debate around the fiscal cliff is hinging upon.
Our team has also been doing plenty of work around the tax and budget issue. Yesterday, I spoke at the Center on Budget and Policy Priorities’ 20th annual State Fiscal Policy conference to present our latest opinion poll, which reveals entrepreneurs are very concerned about the fiscal cliff. Two days ago, we launched a national webinar series on what the fiscal cliff means for small business.
And earlier this month I discussed taxes and healthcare reform on MSNBC Your Business. We’ve also been having conversations with members of Congress and senior administration officials.
Now that the election is over and the Affordable Care Act is the law of the land, our long-standing work to ensure the successful implemention of the law and to make sure that small businesses are educated about it is more important than ever. We continue to advise state exchanges about building marketplaces that work for small business, and are working with the Department of Health and Human Services to help get federal exchanges up and running in states that have chosen to not establish their own.
Visit our website to learn what we’ll be up to next: http://www.smallbusinessmajority.org.