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NFIB Small Business Index Shows Increased Capital Spending and Hiring
August 13, 2019
WASHINGTON – Today, the National Federation of Independent Business (NFIB) released its July 2019 Small Business Optimism Index, which reports continued small business optimism and increased expansion, wage growth, and hiring. According to the July 2019 NFIB survey: 57 percent of owners reported capital expenditures, up three points from June 2019 32 percent reported higher worker compensation, up four points Reports of hiring or trying to hire rose five points to a net 63 percent of firms “I’m ... More
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Ranking Member Chabot Praises Steady Job and Wage Growth
August 2, 2019
WASHINGTON - Today, House Committee on Small Business Ranking Member Steve Chabot (R-OH) released the following statement after the United States Department of Labor announced that nonfarm employment rose by 164,000 in July and hourly earnings increased by 3.2 percent over the past 12 months. In addition, the National Federation of Independent Business (NFIB) reported that 32 percent of small business owners reported raising wages, an increase of 4 percent from June. “I’m pleased to see the cont... More
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Young Farmers Emphasize Numerous Barriers to Entry
July 25, 2019
WASHINGTON – Today, the House Committee on Small Business Subcommittee on Rural Development, Agriculture, Trade, and Entrepreneurship heard from a panel of farmers and experts on the challenges facing the next generation of small agricultural businesses. “Communities in my district and across the country rely on 2.2 million farms in the United States. Of these, 88 percent are small, and only 20 percent are operated by new and beginning farmers and ranchers,” said Rep. Jim Hagedorn (R-MN), Acting... More
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Tax Cuts and Jobs Act Working for Countless Small Businesses
July 24, 2019
WASHINGTON – Today, the House Committee on Small Business heard from a panel of experts and small business owners about the benefits of the 2017 Tax Cuts and Jobs Act. “When small business owners are using the Tax Cuts and Jobs Act to reinvest in their companies, their employees, and their communities, the intended effect of that legislation is being realized all across America,” said Ranking Member Steve Chabot (R-OH). “As a result, the small business economy is healthier now as compared to a f... More
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Small Business Committee Passes Five Bipartisan Bills
July 17, 2019
WASHINGTON – Today, the House Committee on Small Business held a markup of legislation to provide vital protection for members of the military, veterans, and their spouses. All five bills passed through Committee by voice vote. “Today’s five bills focus on our nation’s heroes—our veterans, service-disabled veterans, Reservists, National Guard members, and their spouses… Increasingly, veterans are choosing to open their own small businesses. Research has shown that service members are especially ... More
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