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Small Business Authority CEO Barry Sloane and small business owner Craig Huey on the uncertainties for small business over the financial impact of the...
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All right we already told you about a lot of -- people are getting hit by the health care law and now we're hearing that the role model law has some serious flaws.
Report that it's already over budget behind schedule massively confusing.
And six million Americans are gonna be hit with that family.
And -- to work because they don't have coverage of their own.
That's why a lot of businesses are fuming as well small business authority CEO Barry Sloane says it is getting so bad it's nearly impossible.
For companies -- -- so they don't grow.
Small business owner -- viewing the grades up Barry what a small business is doing that.
Well small businesses right now -- speaking told -- advisors there's peek into their accountants are speaking to their lawyers for speaking to the benefits brokers.
We've -- I don't know what the hell's going on know they're looking for advice and frankly the experts don't have the advice -- because the laws just being solidified.
You know from your vantage point credit you know what to plant where he's just here this report out of the government.
Six million got to suck up the penalty here on the and actively more -- years ahead what will -- what's a guy like you to do.
You know that's a problem -- how we don't know what to do.
I belong to a small business owners association we meet on a monthly basis nobody knows what to do.
The less you have an army of lawyers less -- you've got extra money lying around to be -- to -- for expert advice.
-- -- clueless and we know premiums are rising you know I have to generate over 60000 dollars new sales this year.
I -- empty desk really because instead of hiring somebody I have to pay extra premiums because of Obama care.
But I haven't a clue what else that he is going to hit me.
So I'm not hiring I'm reluctant -- -- salaries.
I'm reluctant to expand the my clients -- the same way my suppliers -- the same way in other business owners are.
So there -- doesn't offset.
On the good news or -- -- -- more people are more optimistic about where we're going meaning we're behind.
Over the words on how small businesses -- that put a lot of folks.
Here.
What are you -- what this level of uncertainty is affecting our business clients and a big way and it just putting a big wet blanket over there optimism.
They can measure their cash flow they can't project going forward they're a little bit Reza reticent about hiring they don't know what effect this is gonna take.
There's estimates this is three trillion dollars of spending over the course the next five or ten years.
And they really wanna shrink government small business owners wanna see government smaller not bigger on you know why -- erases earlier -- with.
On a number -- credit I'm just curious in case you choice of president -- you -- right I can cut your taxes or it can cut the regulations that would detect.
Well without a doubt regulations.
For my clients for myself.
For everyone I know.
The regulations are the ones that are creating the greatest harm to growth business expansion.
-- you know I I've had 35 years.
Of the small business.
And -- and during that time I think -- analogy.
Regulations.
And and EPA's in FD -- TCs and all kinds of government bureaucracies.
Yeah but never before you know has it been like this you're right it's not -- accidents and -- -- are I guess we're able -- -- -- season.
The president is reelected and we we've we've seen this regulation environment -- could soon what you what do you predict.
Well I think that Kathleen -- if if she continues to remain in that position is going to be one powerful lady and she's gonna have tremendous.
Efforts to lobby her and to drive the actual enactment of the active favour a lot of different groups over others so we're gonna have a lot of more cronyism going on here in Washington very great thank you both very much we shall see gentlemen.
