Small Business

Pittsburgh: One of America's New Laboratories of Democracy

My colleague Diana Polson brought my attention to Harold Meyerson's new story in The American Prospect highlighting Pittsburgh as a city with exciting young progressive political leadership and labor-community alliances (e.g., Pittsburgh United). Pittsburgh deserves the credit as do councilwoman Natalia Rudiak, Mayor Peduto, and SEIU 32BJ, which received shout outs in the story.

A Guide to the Creative Use of Numbers by the Business Lobby

The debate over raising the minimum wage can quickly become a fog of studies and numbers. So in the spirit of keeping people honest, we review some of the arguments against raising the wage made in a Philadelphia Inquirer article by Pennsylvania Chamber of Business and Industry chief Gene Barr.

Just the Stories ... Debating the Commonwealth Foundation on Minimum Wage

"Just the Facts" is a catchphrase the Keystone Research Center and other progressive economic think tanks use to capture our commitment to grounding advocacy for progressive values and policies in solid data and research.

'One-Size-Fits-All' Business Tax Rankings Don't Have PA's Best Interests in Mind

We often see in the news state rankings of business climate that vary widely depending on who is doing the ranking. As Billy Hamilton writes in Monday's State Tax Notes (subscription required), these rankings often have much more to do with the low and no tax preferences of the list writers, like the Tax Foundation, than taking a real look at what's happening in the states:

Third and State This Week: Fewer College Grads Starting Businesses and State Revenue Collections in 2012-13

This week at Third and State, we blogged about student loan debt deterring college grads from starting their own businesses, income inequality and efforts to turn back prevailing wage laws for construction workers, and revenue collections during the now-completed 2012-13 Fiscal Year.

IN CASE YOU MISSED IT:

  • On higher education, Jamar Thrasher blogged that more and more American college graduates are declining to start their own businesses partly because of the rising costs of tuition and crushing student loan debt.
  • On income inequality and the prevailing wage, Stephen Herzenberg wrote that too many people in the "1%" (and the smaller groups at the very, very top) seem to have convinced themselves that they are not only more deserving but also somehow different than — better than — other people.
  • And on state budget and taxes, Michael Wood shared the following chart tracking monthly revenue collection trends in the now-completed 2012-13 Fiscal Year.
    2012-13 General Fund Revenue Surplus/(Deficit) by Month

STATE BUDGET RESOURCES:

$1 Trillion in Student Loan Debt Hampering Young Entrepreneurs

It appears more and more American college graduates are declining to start their own businesses due to the rising costs of tuition and crushing student loan debt. Bloomberg examines the obstacles facing young entrepreneurs:

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

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. 

Syndicate content