In a stunning Tuesday report, Gallup CEO and Chairman Jim Clifton revealed that “for the first time in 35 years, American business deaths now outnumber business births.”
Clifton says for the past six years since 2008, employer business startups have fallen below the business failure rate, spurring what he calls “an underground earthquake” that only stands to worsen as lagging U.S. Census data becomes available.
“Let’s get one thing clear: This economy is never truly coming back unless we reverse the birth and death trends of American businesses,” writes Clifton.
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4 comments:
Small business taxes should be calculated and then devided by 2 for 5 years to allow them to recover from 5 years of losses and/or breakeven years. Better yet just bring back "income averaging" or we'll never get out of this death spiral.
Pop pop. This is intentional. Obama doesn't want it to recover. You are supposed to depend on him
Liberal policies have brought down America.
It's democrats and elitists plan to reshape America and small business stands in the way.
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