SMEs are the true backbone of the American economy. And yet, our current tax and government policies are making it more difficult for us to compete and remain financially strong. Excess regulation adds costs that erode our bottom lines as the ability to just "pass these on to our customers" is limited. But most importantly, the current spending spree in Washington is adding $1 trillion every 100 days to our already record deficit of $34+ trillion. This lack of fiscal discipline and responsibility will eventually become our financial undoing and in the interim causes nominal interest rates to remain at heightened levels. This has already manifested itself into higher borrowing costs for SMEs, further lower ROI and ROE. Is anyone listening to us SMEs in Washington, D.C.? Seems not.
#NFIB Research Center Executive Director Holly Wade joined Cory Smith of The National Desk to discuss #NFIB’s March Small Business Economic Trends survey: “Small business owners are pessimistic, stressed, and stretched thin,” said NFIB Executive Director of Research Holly Wade. Learn more: https://lnkd.in/eHE-WYe7
