MADISON, Wis. (9/5/12)--More than 80% of U.S. small business leaders said that lack of access to capital, economic uncertainty and other burdens are having a significant impact on their ability to create jobs, Duncan L. Niederauer, NYSE Euronext chief executive officer, said in a report released last week.
Two-thirds of U.S. small business owners say they may not add jobs in 2013, with some anticipating reductions in their work force, said the "NYSE Euronext 2012 CEO Report."
About 53% of U.S. small business owners surveyed believe that reducing tax rates on businesses would be the most effective solution to accelerate the growth of permanent jobs, the report said.
When asked about policy actions that would accelerate the growth of permanent jobs, U.S. small business owners suggested increasing funding for programs targeted to small businesses, providing tax credits for hiring workers and offering incentives for the repatriation of jobs.
The 2012 NYSE Euronext CEO Report, conducted this past July by ORC International and presented in cooperation with FOX Business Network, reflects the insights of 340 CEOs from companies listed on NYSE Euronext markets from 26 countries and 285 U.S. small-business owners.
The Credit Union National Association (CUNA) and credit unions are urging Congress to increase credit unions' member business lending (MBL) cap to 27.5% of assets from 12.25%. Doing so would open up more opportunity to offer MBLs, inject $13 billion in business loans into the economy and create as many as 140,000 new jobs, with no cost to taxpayers, CUNA said.