Wednesday, September 28, 2016
OKLAHOMA CITY – Governor Mary Fallin will be among the speakers at a Bring Small Business Back event this week in Oklahoma City. The event is scheduled from 9:30 until 11 a.m. Friday at the student center building on the Oklahoma State University-Oklahoma City campus, 900 N. Portland Ave.
The Job Creators Network (JCN) is hosting the event. Fallin and JCN President and Chief Executive Officer Alfredo Ortiz will talk about threats facing small business owners. Reservations to attend the event can be made here.
The event is part of JCN’s Bring Small Businesses Back campaign which consists of a nationwide bus tour to hear the challenges that real local small businesses are facing.
“Governor Fallin’s participation in our Bring Small Businesses Back campaign showcases her commitment to the small business job creators that power her state’s and the nation’s economy,” said Ortiz. “If more legislators understood the importance of small businesses to the country as a whole, the economy could finally start working again for everyone.”
The event will focus on finding solutions to the problems most commonly cited by small business owners: overregulation, over taxation, and lack of access to credit. Small businesses in Oklahoma make up 97 percent of all employers in the state.
In a nationwide poll of small businesses commissioned by JCN earlier this year, two-thirds of respondents identified over taxation as preventing their businesses from thriving. Three out of five said the same about overregulation. As a result, the survey found that only one in five small business owners plan to hire additional employees over the next year, and only around one-quarter believe that doing business over the next year will be easier than the previous one.
To address the over-taxation hurdle, U.S. Rep. Randy Hultgren, R-Ill., recently announced the Bring Small Businesses Back Tax Reform Act (H.R. 5374), which would reduce the tax burden on the nation’s small business job creators, which make up half of the nation’s jobs and two-thirds of its new jobs.
The proposed legislation would lower the tax rate to 10 percent on pass-through businesses’ first $150,000 worth of income. And it would lower the rate to 20 percent on income between $150,000 and $1 million.
Read the full text of the Bring Small Businesses Back Tax Reform Act here. Read the white paper JCN released earlier this year assessing the state of American small businesses here. Find out more information about the campaign at DefendMainStreet.com.
To schedule an interview, contact Andrew Ransom at firstname.lastname@example.org, or (916) 258-2396.
For more information on JCN, visit www.JobCreatorsNetwork.com