Small Business

Third and State This Week: Listen to Main Street, Tax Cuts Drive State Funding Gap and More on Federal Fiscal Debate

This week at Third and State, we blogged about how corporate tax cuts are contributing to a gap between state expenditures and revenues, an effort to get real small business voices heard in the federal fiscal debate, corporate tax subsidies run amok in the states, a fiscal cliff primer from Springfield's favorite CEO, C. Montgomery Burns, and more.

IN CASE YOU MISSED IT:

  • In response to the state's midyear budget briefing, Sharon Ward shared an infographic showing how unaffordable state business tax cuts are driving a gap between expenditures and revenues in the next budget.
  • On tax subsidies, Mark Price blogged about a New York Times report detailing the tax breaks and credits provided by state and local governments to businesses.
  • On federal taxes, Chris Lilienthal wrote about the Main Street Alliance's efforts to get real small business voices heard in the federal fiscal debate. Mark Price wrote about the different priorities of Pennsylvania's two U.S. senators in addressing federal deficit reduction.
  • On the state budget and other policies, Mark Price blogged about editorial page assessments of Governor Tom Corbett's administration midway through his first term.
  • Finally, we had a Friday Funny featuring Mr. Burns of The Simpsons explaining the fiscal cliff.

More blog posts next week. Keep us bookmarked and join the conversation!

Listen to Main Street in Federal Tax Debate

You hear about small business quite a bit in the debate over extending federal tax cuts for upper income earners, even though the vast majority of small business owners do not benefit from those top tax cuts. Only 3% of taxpayers with business income above $250,000 would be impacted if tax cuts for top earners expired next year.

Third and State This Week: The October No Surprise, Sizing Up Service Cuts, and Small Biz Owners Say End Top Tax Cuts

This week at Third and State, we blogged about U.S. job growth in October and what it means, how human service cuts are impacting the lives of Pennsylvanians, a poll showing a majority of small business owners support ending tax cuts for top earners, and more.

IN CASE YOU MISSED IT:

  • On jobs and the economy, Mark Price blogged about today's jobs report from the federal government signaling U.S. employment growth is back on track. Mark also delved further into the recent claim of a state official that the Marcellus Shale industry is bringing a "tsunami of jobs" to Pennsylvania.
  • On the state budget, Kate Atkins recapped a recent forum in Montgomery County where speakers testified to the importance of investing in prevention and community supports for people struggling with mental illness or substance abuse.
  • On federal budget and taxes, Chris Lilienthal blogged about a new poll finding that a majority of small business owners support ending the Bush tax cuts for the top 2% of earners. We also previewed a forum at Dickinson College in Carlisle next week featuring economist Dean Baker talking about the federal fiscal cliff.
  • And on voter ID, Jamar Thrasher wrote about advocates' concerns that ads in Pennsylvania are providing misleading information about voter ID in the upcoming election.

More blog posts next week. Keep us bookmarked and join the conversation!

Small Biz Owners Support Ending Top Tax Cuts, Poll Finds

Posted by Christopher Lilienthal on November 1, 2012 4:14 pm
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A majority of small business owners agree that ending the Bush tax cuts for the top 2% of earners is the right course for the nation, according to a new poll from the Small Business Majority.

The poll reflects a pragmatic spirit among small business owners, with nearly 6 in 10 saying that government can play a productive role in helping small businesses thrive. 

Morning Must Reads: Trust Us, Would We Lie To You Again and Again and Again...

Reuters reports on a poll of Wall Street executives on the subject of honesty.

A quarter of Wall Street executives see wrongdoing as a key to success, according to a survey by whistleblower law firm Labaton Sucharow released on Tuesday.

Immigrants Contribute to State's Economy as Small Business Owners

Posted by Mark Price on June 14, 2012 12:08 pm
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An increasing share of small business owners in Pennsylvania and the nation are immigrants, according to a new report from the Fiscal Policy Institute’s Immigration Research Initiative.

The report breaks new ground by using Census data (including the results of a previously unpublished Survey of Business Owners) to study people who own an incorporated business and whose main job is to run that business.

Here's the takeaway.

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