GLENVIEW, IL — February 16, 2009 — A survey conducted this month by online payroll service SurePayroll found that most small business owners feel the government should be taking a different approach to boost the economy during tough times. According to the results, nearly three out of four small business owners disagree with the way the U.S. government has allocated funds in its Troubled Assets Relief Program (TARP), and believe tax cuts would be the ideal solution.
TARP — approved in 2008 to allocate $700 billion to the United States Department of Treasury to help strengthen the financial sector and mitigate damage from the subprime mortgage crisis — was deemed effective by only 3 percent of respondents, while 72 percent were clear on their disapproval and 25 percent did not have a strong opinion.
"Small business owners are screaming for a different solution," says SurePayroll President Michael Alter. "They know firsthand the challenges their businesses are facing, and have seen no relief from Washington."
While the small business owners who disapproved blamed a variety of groups and individuals for the mishandling of TARP disbursements, the majority said Congress was primarily at fault. Other respondents singled out U.S. Treasury Secretary Henry Paulson and lobbyists as causing the biggest problems with the program.Most small business owners believe tax cuts are the answer
When it comes to stimulating the small business economy, the survey found that nearly half of the respondents feel the government should focus on tax cuts."Taxes have always been a huge issue for small businesses, and the current economy has amplified it," says Alter. "Because small business owners are so in tune with the finances of their businesses, they tend to look for fast, surefire ways to cut expenses, so tax cuts are naturally an attractive option." Aside from tax cuts, other popular suggestions for stimulating the small business economy included a massive stimulus program (11 percent), a solution to ease the small business healthcare burden (10 percent) and forcing banks to lend money (9 percent). Specific comments included:
About SurePayroll:
SurePayroll is the online alternative to ADP® and Paychex®. SurePayroll's service and team members are dedicated to providing an easy, convenient online payroll service at a price small business owners can afford. Tens of thousands of customers rely on SurePayroll to process payroll wherever they want in as few as two minutes.
In addition, SurePayroll offers small businesses solutions for managing 401(k) plans, health insurance, workers' compensation, HR compliance and employee screening. For accountants and banking partners, SurePayroll provides private-label services that enable them to offer payroll processing to their small business clients.
Over the last decade, SurePayroll has received numerous prestigious awards for its innovative technology and outstanding customer service, including recognition from PC Magazine, Inc. 500, Accounting Today, the Stevie Awards and many others.
For more information, you can visit http://www.surepayroll.com, call 877.954.7873 or follow us on http://twitter.com/SurePayroll.
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