Press Releases

NEWS For Immediate Release Washington, D.C.  – Today, the Small Business & Entrepreneurship Council (SBE Council) delivered a letter to U.S. House members in opposition to the “Inflation Reduction Act” (IRA). In the letter, SBE Council president & CEO Karen Kerrigan warned that the title of the legislation belies what it will actually do and […]

“Inflation Reduction Act” Reduces Investment & Innovation, Harms Struggling U.S. Entrepreneurs and Small Businesses Dear U.S. House Member: The Small Business & Entrepreneurship Council (SBE Council) strongly opposes “The Inflation Reduction Act” (IRA). The package will not reduce inflation. The Congressional Budget Office reports that it will have “a negligible” effect on reducing inflation. In […]

by Raymond J. Keating – The U.S. Bureau of Labor Statistics on the morning of August 10 served up the much anticipated inflation data for July. The Consumer Price Index (CPI) for July came in flat, i.e., 0 percent. Inflation has been raging since early 2021. And even with the 0 percent increase in CPI […]

by Raymond J. Keating –  Productivity often is treated like an economic mystery. But there’s no real mystery about productivity. Nonfarm business sector labor productivity, or output per hour, is determined “by dividing an index of real output by an index of hours worked by all persons, including employees, proprietors, and unpaid family workers.” Productivity […]

NEWS For Immediate Release Washington, D.C. – The following statement can be attributed to Small Business & Entrepreneurship Council (SBE Council) president & CEO Karen Kerrigan on Senate passage of the “Inflation Reduction Act” on a partisan, Democrat-only basis: “No serious individual believes this tax and spending package will lower inflation. Even some Senate Democrats […]

“Inflation Reduction Act” Reduces Investment, Innovation, Job Growth & Productivity U.S. Entrepreneurs and Small Businesses Will Be Harmed   Dear Member of the United States Senate: The Small Business & Entrepreneurship Council (SBE Council) strongly opposes “The Inflation Reduction Act” (IRA). The title of the legislation belies what it will actually do, as both common […]

NEWS For Immediate Release Washington, D.C. – Small Business & Entrepreneurship Council (SBE Council) president & CEO Karen Kerrigan issued the following statement on a newly discovered stealth tax on small to mid-size businesses (SMBs) that was slipped into the “Inflation Reduction Act” being considered by the U.S. Senate this weekend: “Make no mistake, the […]

by Raymond J. Keating – The headline for the July employment report certainly was positive, with the establishment survey pointing to nonfarm payroll employment increasing by a robust 528,000. As noted in the report, “Job growth was widespread, led by gains in leisure and hospitality, professional and business services, and health care.” As SBE Council […]

NEWS For Immediate Release Washington, D.C. –  Small Business & Entrepreneurship Council (SBE Council) president & CEO Karen Kerrigan issued the following statement on President Biden’s virtual roundtable scheduled for today with “business and labor leaders” on the Schumer-Manchin package. “Make no mistake, the ‘Inflation Reduction Act’ will be economically and financially harmful for families […]

by Raymond J. Keating – Coming on the heels of a grim GDP report pointing to recession, no one should have expected anything good in the latest personal income report released on July 29. And as it turned out, there wasn’t anything positive in this latest economic measure. For June, the 0.6 percent nominal increase […]