Introduction

It is no secret that private employers are struggling in the current economy. As business owners enter the fourth quarter, what can we expect from President Obama, Nancy Pelosi, and the Democratic controlled Congress? And, what could employers expect from House Republicans, if they were in the majority?

"Continued large deficits and the resulting increases in federal debt would, over time, reduce economic growth. Putting the nation on a sustainable fiscal course will require some combination of lower spending and higher revenues than the amounts now projected"ⁱ, warns the Congressional Budget Office (CBO).

Democratic solutions have thus far been about increasing both spending and government intervention; but this level of spending is unsustainable. Nancy Pelosi and President Obama are seeking to increase the government’s role and purpose in the private sector through the 2010 budget, business taxes, the stimulus package, cap-and-trade, and health care. Unfortunately, Democratic plans for each of these policies contain troubling aspects for small business owners. This report provides a high level analysis of each of these policies and alternatives.

Our focus needs to be on establishing a sound fiscal course. What follows is a brief analysis of the key issues that will impact employers, and the alternatives Republicans offer to the small business community. During these difficult economic times Congress should seek to find ways to help our private employers – the important people who create up to 80 percent of all payroll jobs in the U.S. By acting on some key principles, we can begin work to truly strengthen those who are responsible for creating growth in the American economy.

Read on about the impact of business taxes, the stimulus package, cap-and-trade, and health care reform on private employers -- as well as our closing thoughts.

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