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Poll: Small Business Supports Higher Minimum Wage

April 25, 2013 Common Cents

Small Business Supports Higher Minimum Wage graphic 1A new poll finds substantial support among small business owners for raising the federal minimum wage.  Conducted on behalf of Small Business Majority, the poll finds that 67 percent of the small business owners surveyed would back an effort to increase the federal minimum above $7.25 per hour and to adjust it annually for inflation.

Two-thirds of small business owners agreed that increasing the minimum wage would help the economy as low-income consumers would have more money to spend on small businesses’ goods and services and would rely less on taxpayer-financed government assistance.

While the poll focuses on the federal minimum wage, it remains relevant for similar debates here in New Hampshire.  Opponents of bolstering the Granite State’s minimum wage often claim it would have an adverse affect on smaller employers and negative consequences for the state’s economy as a whole.Small Business Sees Higher Demand graphic 2

Yet, as the graphic to the right illustrates, the poll finds that the large majority of small business owners understand that a higher minimum wage can improve their bottom lines.

For more on restoring New Hampshire’s minimum wage, visit the American Friends Service Committee’s web site  or check out the information available from the National Employment Law Project.

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Revenue Loss from Business Tax Cuts Will Benefit Select Set of Companies

22 Jun 2015

tree with coins

The version of the FY 2016-2017 budget that both the House of Representatives and the Senate will consider on Wednesday includes significant reductions in the rates of New Hampshire’s twin business taxes: the business profits tax (BPT) and the business enterprise tax (BET). While policymakers should be concerned about the impact that such changes would have on New Hampshire’s ability to fund vital public services both now and in the future, questions should also be asked about which businesses would stand to gain from lower BPT and BET rates.