Posts Tagged ‘National Federation of Independent Business’

Supreme Court Decision Angers Many

June 28th, 2012 Comments off

The decision by the U.S. Supreme Court this morning to uphold the individual mandate and the Patient Protection and Affordable Care Act (PPACA) went against the National Federation of Independent Business (NFIB) and 26 states in their argument before the Justices challenging the constitutionality of the measure. Yahoo!News reports Dan Danner, president of NFIB, says, “We are concerned about the precedent that this will set in Congress’ ability to mandate other aspects of our lives, but we will move forward from today to continue to fight, harder than ever, for real health-care reform for our membership. Under PPACA, small-business owners are going to face an onslaught of taxes and mandates, resulting in job loss and closed businesses. The power and control of health-care decisions should be in the hands of the consumer, not the government.” Investors responded to the news by pulling back from the U.S. stock market, anticipating the rising costs will continue to forestall an economic recovery by causing the loss of jobs. Much of the business community has expressed similar sentiment. MHProNews has learned some 70 percent of the population oppose the measure. Both political parties will use the results for their purposes as they raise funds in the run-up to the Nov. 6 election.

(Photo credit: Wikiepdia Commons)

Small Business Group: It Feels Like Spring Again

December 14th, 2011 Comments off

NFIBSmall-business optimism rose for the third consecutive month, gaining 1.8 points in November, and settling at a still weak 92.0, according to the National Federation of Independent Business’ (NFIB’s) latest index. Optimism appears to have climbed because fewer owners expect business conditions or sales to be worse in six months, indicating some hope on the horizon. Improvement, although small, was widespread with the forward-looking components indicating positive trends for the first time in many months. “After so many months of pessimism, November’s modest gain made it feel like spring, again,” said NFIB Chief Economist Bill Dunkelberg. “We have good reason to be optimistic about last month’s report and hopeful about what it means for the future. Still, our current reality is still very much the ongoing economic winter. November’s reading is still well below the average reading prior to 2008 levels from previous recoveries. More acutely, it is 2 points below January’s index, which means that there has been no progress over the calendar year. We should be encouraged, but cautiously so.” According the November’s survey, the percent of owners reporting “poor sales” as the top problem remained stubbornly high at 25 percent followed by 19 percent reporting both taxes and regulations. Inflation remained unchanged at six percent and interest rates fell 1 point to three percent as owners’ top problem. The report is based on the responses of 781 randomly sampled small businesses in NFIB’s membership, surveyed throughout the month of November.

(Image Credits: NFIB)

NFIB Optimism