As 2012 progresses, the political heat in Washington is climbing faster than summertime temperatures, and small business is becoming increasingly central to policy debates in Congress. Entrepreneurs make up a core constituency in the United States. With National Small Business Week having recently ended, now is a better time than ever for legislators to reflect on these individuals’ needs and work to address them — one of which is tax relief. Luckily, Congress will have a chance to do just that when the Small Business Jobs and Tax Relief Act of 2012 comes up for a vote in June.
Before we get into the policy nitty-gritty, let’s talk about small business’s impact on our economy. In early May, Automatic Data Processing, Inc. (ADP) released data revealing our nation’s smallest businesses — those with 1-49 employees — continue to outperform large businesses in the job creation arena. They generated roughly half of all new jobs in April, while large businesses created just over 3 percent.