PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

Kerrigan on Fox Business: What Small Businesses and Entrepreneurs Hope to Hear in Trump’s State of the Union

By at 5 February, 2019, 4:32 pm

In a State of the Union Op-ed for Fox Business on February 5, SBE Council president & CEO Karen Kerrigan notes that President Trump is expected to tout the bipartisan policies and legislation that his administration has enacted under his watch, and he will call for more bipartisanship to solve pressing challenges.

Kerrigan writes:

“The good news is that there is plenty of ‘low hanging fruit’ when it comes to bipartisan bills the president can get behind in 2019 to provide small businesses with a booster shot of optimism.”

Kerrigan reviews those bills such as S. 172, bipartisan legislation to extend the moratorium on the health insurance tax (HIT), which is a discriminatory sales tax on the health plans of the self-employed and small business owners.  She also lists other issues such as access to capital, an infrastructure package, broadband access and opening global markets for small business expansion. Specifically on trade, she emphasizes the importance of passing the USMCA – the new NAFTA – that the President is expected to cover in his State of the Union speech:

“Strengthening existing trade relationships — and aggressively forging new ones — would be a huge boost in terms of giving small businesses the green light they need to grow through global markets. Regulatory complexity, high tariffs, lack of intellectual property protections and other barriers are holding small business back from growth markets.

President Trump can use this important address to educate on the win-win attributes of trade agreements, the bipartisan support they’ve received in the past, and the need to approve USMCA, as it will set the tone for forthcoming negotiations with the EU, Japan and Great Britain.”

Read the full piece here.

 

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