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Business strategist Carol Roth discusses how the current economic conditions and government regulations are impacting small businesses.
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Right yesterday Liz MacDonald and I spoke to Democrat strategist and fox contribute Chris com.
About the state of small business is what -- have to say.
The point no one knows what businesses are not -- -- -- -- not spending if you listen to them.
Because of uncertain policies emanating out of DC -- that uncertainty argument is so.
Ridiculous and I don't think anybody believes -- I you know the bottom line is business spend when business wants to spend their right now the money sitting on the sideline because it's easier for them -- -- sit on the silent this tax policy rewards saving or investment.
-- joined the company now is business strategists Carol -- Carol I'm sure you listened to that side I picked up on two points.
Animal one Chris -- was saying.
This is not on sudden thing that's holding businesses back is -- -- thing.
A number two he said it's easier to sit back and invest your money.
Keep it on the sidelines than it is to put it -- in the economy.
What do you make of this.
Well with all due respect to Chris I don't think he's spending a lot of time talking to these small businesses on main street in America.
Because one of the things that I'm hearing over and over again as a small business influence or an advocate.
Is that and certainty is one of the top issues and you have three members -- -- first small business.
They plan on a very long term base says there's so many policies in place right now that are short term -- short term tax cuts.
Short term policies in nobody knows what's gonna happen.
They with a small businesses want to play in the game -- they -- and make sure that the rules are in their favor and that the rules aren't chain.
-- when you wouldn't look at our small businesses let's define them Pia yes.
Always talk about businesses with fifty all mall employees because that's how small business is -- defined in Obama calf or what what are we -- about -- pop pizza joints a lot.
Right so the the interesting thing as the government when -- talk about small business even after the jobs that the jobs act that's an emergent emerging growth company has a -- a billion in sales.
Out of the Affordable Care Act says if you're more -- if you look at small businesses in this country when he eight million of them 2228.
That that they usually these policies tend to go around -- is what's really going on -- main street and I think that that the frustration.
Of the small business owner tell -- that this is that the current government.
So this uncertainty on the pot of 28 million small businesses that's all about here comes Obama look at how we don't show -- what it's gonna cost it's.
Here comes.
Here comes financial reform well we're not sure what it means to me and my back.
Here comes tax changes come January the first -- -- -- what's gonna happen is that the kind of on Sunday talking about.
Absolutely because they have to plan for the long term they can't make -- hiring decision and then change their mind it's very very different.
Then a big business they can change their business model very can easily.
But now I want -- -- -- I I got that not I I wanna ask you this do you think that politics and political change in November would change that.
Let's suppose we got a sweep of the Republicans -- up the White House pick up the set up pick up a house let's suppose.
Would that take beyond suddenly off the table but what about the other side of the coin.
If the President Obama gets a second -- Democrats keep the senate and surprisingly they take the house.
The clean sweep in the other direction would that take on -- -- off the table.
Why I think that if the Republicans.
Do you.
Do asleep as you say that I don't think -- takes it off the table but I certainly think that it it moves it in the right direction because that most of these small business owners and entrepreneurs.
Believe that the Republican policies.
Our pro business and are gonna move in the right direction I think that if you end up.
In the opposite direction I think it creates more uncertainty because we've seen that all of these reforms that we've been getting the tax cuts the they'll one year on expensing.
Capital investments that those tend to be temporary and instilled that there's some.
Permanence of long term changes I think -- we're gonna continue to see this environment of uncertainty -- -- appreciate it thanks so much for joining us again soon.
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