Hillary Clinton Is Our True Small-Business Champion

“When my dad ran his small printing business -- he printed drapery fabrics in Chicago -- it put food on the table; it gave us a good, solid, middle-class home and lifestyle. And I don’t think it’s old-fashioned to say that’s what I want for every family that wants to work for that here in our country today.” -- Hillary Clinton [May 22, 2015]

As our 45th U.S. President, Hillary
Clinton will make America work for
everyone -- including SMBs.

Today is Super Tuesday, a critical day in the 2016 presidential campaign. More than a dozen states are voting today -- some in primaries, some in caucuses -- and the results may not be known for quite a while. A total of 1,460 delegates are up for grabs -- 865 for Democrats, 595 for Republicans.

After nearly five years, I'm jump-starting GoodBiz113 to declare my unequivocal support for Hillary Clinton. She's clearly the most qualified candidate -- from either side of the political aisle -- to fight for current and would-be small-business owners, entrepreneurs, solopreneurs, inventors, artists, writers and, well, everyone else, too. She truly cares about leveling the playing field for America's short- and long-term economic future.

In brief, here's what Hillary Clinton will do for small businesses:

* Give small businesses more access to the financing and new markets they need to grow and hire.

* Launch a national effort to cut the red tape holding small businesses and entrepreneurs back.

* Provide targeted tax relief for small businesses, and simplify tax filing.

Here are more in-depth details of how Hillary Clinton will make it easier to start and grow a small business in America:

* Unlocking access to capital. Hillary Clinton is committed to giving small businesses -- and, in particular, women- and minority-owned small businesses -- access to the financing they need to build, grow and hire. She will ease unnecessary regulatory burdens on community banks, which provide credit to small-business owners and families looking to invest in their futures. She will support innovative new financing modes, like impact investing. And she will double support for community development financial institutions and the successful State Small Business Credit Initiative [SSBCI], which offer crucial sources of support for small businesses across the country -- particularly, in underserved communities.

* Cutting red tape. It shouldn’t take longer to start a small business in the United States than it does in Canada, France or South Korea. Hillary Clinton will launch a nationwide effort to cut red tape for small businesses at every level of government. Plus, she will build a regulatory road map to help small businesses navigate the regulatory landscape and reduce compliance costs associated with federal, state and local regulation.

* Providing tax relief. America’s smallest businesses -- i.e., those with one to five employees -- spend 150 hours and $1,100 per employee to comply with federal taxes. That’s more than 20 times higher than the average for larger firms. Hillary Clinton will simplify tax filing and provide targeted tax relief for small businesses -- not the big corporations that can well afford lawyers and lobbyists.

* Tapping new markets. Every small business across America should be able to enter new markets -- whether they’re across town or across the world. Hillary Clinton will invest in the roads, bridges, ports and airports that make it easier for small businesses to reach new customers. She will defend the Export-Import Bank, a crucial financing partner for small businesses across America, and help the bank expand its small-business programs. And she will encourage innovations -- e.g., Etsy and eBay -- that are unlocking new markets through innovative, new platforms that let small businesses sell anywhere in America and the world.

* Supporting small-business owners and entrepreneurs. Hillary Clinton will work to provide incubators, mentoring and training to 50,000 entrepreneurs and small-business owners in underserved communities across the country. Plus, she will support the development of entrepreneurial skills among young people -- even kids in high school -- so they can increase both their financial and entrepreneurial literacy. These programs will help those with good ideas today become the entrepreneurs and business leaders of tomorrow.

The upshot: While other candidates speak in vague, pie-in-the-sky generalities of what they'd do in the Oval Office, Hillary Clinton has the clear vision, proven pragmatism, leadership acumen, exceptional experience and qualified leadership to hit the ground running on Friday, Jan. 20, 2017, when the 45th U.S. President is inaugurated. Together, let's make sure that happens. 
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SOURCES: Hillary for America, Wikimedia Commons [image]

Join Entrepreneurs Supporting Hillary Clinton for President!

Rep. Velázquez: Trade Changes Needed to Promote U.S. Small Business Abroad

Though small businesses make up 97 percent of America's exporters, they generate only 30 percent of national revenues from products sold overseas. The House Small Business Committee today pressed the Office of the U.S. Trade Representative [USTR] on their failure to have staff dedicated to ensuring that the needs of small firms are accounted for in trade practices, and examined current strategies to assist entrepreneurs with finding prospects in international markets.

"Small businesses have shown that they are eager and able to compete around the world," said Chairwoman Nydia M. Velázquez. "It only makes sense that there would be USTR officials dedicated to representing their interests.

"Despite the need for this representation, we heard today that out of the 22 assistant USTRs, not one is charged with aiding entrepreneurs. This is simply unacceptable in today's global marketplace, where small businesses play such a dominant role."

Though small firms have demonstrated interest and achieved success in the international arena, the unique challenges they face have slowed their expansion. For small businesses, conducting foreign transactions may prove to be expensive, thus limiting their ability to reach new customers and grow. Entrepreneurs also use a disproportionate amount of their resources navigating complex customs requirements, as well as complying with local, state, and federal laws.

Recent agreements have not included industries dominated by small business. They have also failed to stop unfair trade practices -- such as dumping and intellectual property theft -- that harm entrepreneurs. These actions are limiting small businesses' opportunities to benefit from trade, making it more difficult for them to compete domestically and internationally.

"Global opportunities are critical to many small business owners, who rely on trade to expand their ventures and continue innovating," Velázquez said. "Current trade measures have not created an environment that is conducive to entrepreneurial success."

Expansion into new markets has the potential to boost revenues -- improving small firms' overall ability to create jobs and contribute to domestic economic growth. Steps must, therefore, be taken to ensure they are an integral part of trade policies.

At today's hearing, witnesses outlined a small business-oriented trade strategy -- including international commitments that provide more transparent and less expensive regulations. Additionally, harmonizing and simplifying customs requirements would allow small businesses to easily export to multiple countries, giving them access to more customers in return for their investment.

Trade promotion programs that focus specifically on small firms -- such as the financing program at the Export-Import Bank -- can play an important role in maintaining small companies' competitiveness. These changes will increase domestic profits from exports, combating the rising trade deficit.

"As Congress debates new international agreements and considers changing its trade rules, small firms have a lot at stake," Velázquez noted. "This committee will work to streamline the process and ensure small business interests are promoted, not marginalized, as they have been in the past."
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