The Office of Advocacy of the U.S. Small Business Administration put out a report today documenting what we continue to tell politicians and policymakers, and why it is critically important that they advance pro-entrepreneur policies: Small businesses continued to lead growth in the United States economy.
The study, The Small Business Economy: A Report to the President for 2007, (http://www.sba.gov/advo/research/sb_econ2007.pdf) is the Office of Advocacy’s annual report on the state of small business in America. The tax and regulatory trends/rhetoric in Washington and the states do not bode well for entrepreneurs and business investment. I bet many political and policy leaders of other countries (that is, those that are advancing tax cuts, flat tax systems and a balanced regulatory environment for business) will analyze every page of this document, while many on Capitol Hill will simply ignore it.
Wow -- how about that cheerful commentary for the Holiday season!