The overwhelming majority of small business owners in New Hampshire say new regulations coming out of Washington, DC have negatively affected their business, according to an exclusive small business e-mail survey conducted by NH Journal.
Seventy-three percent of New Hampshire small business owners said that the regulations coming out of Washington are hurting them. Only 4% say those regulations have helped them. Twenty-three percent say they have made no difference.
Twenty-eight percent of respondents said repealing the nation’s new healthcare law is the one change Congress should make to help small businesses. A quarter of respondents said cutting regulations would help the most, while 21% said Congress should balance the federal budget. Only 8% want Congress to invest in the nation’s infrastructure, which is the central message of the Obama administration, as it seems to pass its jobs and tax plan. Even fewer – only 6% – believe Congress should cut corporate taxes.
A vote on a balanced budget amendment to the US Constitution is expected in the US House of Representatives this week.
In addition, half of all small business owners believe the economy is getting worse and almost half (46%) say their business is encountering stagnation rather than growth(18%) or reduction (36%).
Nevertheless, Granite State small business owners generally approve of the job their members of Congress are doing in Washington. Seventy percent say First District Congressman Frank Guinta is doing a good job. Fifty-nine percent say SecondDistrict Congressman Charlie Bass is doing a good job.
The survey was conducted among 403 New Hampshire small business owners during the week of November 6th.