ATLANTA – Today the Job Creators Network (JCN) announced that it is hosting a Bring Small Businesses Back event in The Woodlands, TX on Monday, Sept. 19th at The Woodlands Center at Sam Houston State University. The event features Rep. Kevin Brady (R-TX), JCN President and CEO Alfredo Ortiz, and local small business owners discussing the threats they face. It is being co-hosted by The Woodlands Area Chamber of Commerce and the Conroe/Lake Conroe Chamber of Commerce.
RSVP for the event here.
The event is part of JCN’s Bring Small Businesses Back campaign which consists of a nationwide bus tour to hear the challenges that real local small businesses are facing. Alfredo Ortiz will present on this campaign as well as JCN’s Employer to Employee (E2E) education program.
The event will focus on finding solutions to the problems most commonly cited by small business owners: overregulation, overtaxation, and lack of access to credit. Texas, which is consistently rated as one of the best states in the nation to do business in, provides lessons on how to address these hurdles for the rest of the country as a whole.
In a nationwide poll of small businesses commissioned by JCN earlier this year, two-thirds of respondents identified overtaxation as preventing their businesses from thriving. Three-fifths said the same about overregulation. As a result, the survey also found that only one in five small business owners plan to hire additional employees over the next year, and only around one-quarter believe that doing business over the next year will be easier than the previous one.
To address the overtaxation hurdle, Rep. Randy Hultgren’s (R-IL) recently announced Bring Small Businesses Back Tax Reform Act (H.R. 5374), which would reduce the tax burden on the nation’s small business job creators, which make up half of the nation’s jobs and two-thirds of its new jobs.
The proposed legislation would lower the tax rate on pass-through businesses’ first $150,000 worth of income to 10 percent. And it would lower the rate on income between $150,000 and $1 million to 20 percent.
“Small businesses struggling under burdensome regulations and taxes should copy the economic policies in Texas, which is consistently rated the best state in the country to do business in,” said Alfredo Ortiz, president and CEO of the Job Creators Network. “However, Texas small businesses still face hurdles from the federal government that need to be addressed.”