Report: Record 63 Percent of Small Businesses Freeze Hiring

Small businesses are increasingly unwilling to hire because they can’t afford to take on new costs, according to a newly released survey.

The small business network company Alignable released the survey Wednesday. It found that 63% report putting hiring on hold “because they can’t afford to add staff, and 10% of that group is laying off workers.”

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Small Businesses Might Drop Obamacare as Premiums Skyrocket

Health insurance premiums offered under the Affordable Care Act (ACA), colloquially known as Obamacare, will rise next year, hitting small businesses particularly hard and potentially pressuring them to drop out of the program.

While recent provisions in the Inflation Reduction Act have provided additional subsidies for individual consumers that will likely offset the increased cost of premiums, no such support was granted to small business owners, according to the Wall Street Journal. Insurers are proposing median premium increases of 10%, but some are proposing increases as high as 20%.

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Connecticut Republican Gubernatorial Candidate Bob Stefanowski Vows to Target Hundreds of Licensing and Regulatory Fees Small Businesses Forced to Pay

Republican candidate for Connecticut governor Bob Stefanowski pledged last week to cease collection of the hundreds of licensing and regulatory fees small businesses and entrepreneurs are forced to pay prior to their repeal by the next legislature.

“Now I know everybody’s gonna jump up and down, you can’t do that, OK,” Stefanowski said Tuesday, according to CT Mirror. “I’m going to tell [the tax commissioner] to do it.”

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Nearly Half of Small Businesses Are in Hiring Freeze, Citing Inflation and Costs

Nearly half of small business owners are not willing to hire because of labor costs and “skyrocketing inflation,” a newly released small business report shows.

The small business network Alignable released its July Hiring report which found that “45% of small businesses (SMBs) are halting their hiring, largely because they say they can’t afford to add staff.

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Big Business Wins Again: Biden Climate Rules Will Hurt Small Companies Most

America’s top financial regulator issued climate disclosure rules that are more burdensome for smaller companies than large companies, according to the agency’s own analysis.

While the rules would cost large corporations $640,000 at first and $530,000 in subsequent years, they would cost smaller publicly-traded companies $490,000 initially and $420,000 in following years, the Securities and Exchange Commission (SEC) said in its proposal. The regulator’s analysis suggests that smaller companies would feel a relatively larger financial burden as a result of the proposed disclosure rules.

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Small Businesses Struggle to Survive in Biden’s Economy: Poll

Small business owners are increasingly pessimistic about U.S. economic conditions and overwhelmingly support an expansion of domestic fossil fuel infrastructure, the latest polling data showed.

Just 27% of small business owners agreed the economy was in “good” or “excellent” condition, according to a Job Creators Network Foundation poll released Friday and shared with The Daily Caller News Foundation. The figure represented the lowest rating of the current economic situation among small business owners since the group began the poll a year ago.

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Connecticut’s Gas Tax Holiday Providing Savings, but Impacting Small Businesses

While Connecticut’s gas tax holiday is saving residents at the pump, the savings just isn’t enough, one industry expert says.

Chris Herb, president of the Connecticut Energy Marketers Association, said the tax holiday that expires June 30 is viewed very highly from consumers.

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