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Vast Majority of Business Owners Do Not Believe Tax Increases Should Be Part of the Federal Government’s Plan to Reduce the Deficit

NEW YORK July 27, 2011 The Small Business Authority July 2011

Poll Question

Poll Answer

Percentage

If your cash flow were increased due to lower taxes, would you consider hiring more staff?

Yes

41.6%

No

58.4%

Do you plan on expanding your business or hiring in the next 12 months?

Yes

39.6%

No

60.4%

Do you view the Federally mandated health care act helpful or harmful to your business?

Helpful

38.9%

Harmful

61.1%

Should tax increases be part of the Federal Governments plan to reduce the deficit?

Yes

35.7%

No

64.3%

Barry Sloane The Small Business Authority

When you expand American sentiment to a recent poll done by CNN, which includes consumers as well as business owners, it is clear that 66% of Americans prefer a balanced budget amendment and spending caps. Both houses of Congress in the current Reed proposal and current Boehner proposal at the moment have abandoned tax increases. It does appear that simplification of our tax code and removing tax favors and subsidies for our reduced corporate rate is well thought of by most."

http://www.wabcradio.com Saturday August 6th 4:00 p.m. EDT

About Newtek Business Services, Inc.

The Small Business Authority

The Small Business Authority TM TM the United States

Note Regarding Forward Looking Statements

http://www.sec.gov

Liz Petrova [email protected]

SOURCE Newtek Business Services, Inc.

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