Navigation Links
Sequestration is not a smart strategy for reducing the deficit, say small business leaders
Date:2/26/2013

Alexandria, Va.February 26, 2013 More than two-thirds (67%) of small business leaders say basic research funded by the federal government is important to private sector innovation, according to a new nationwide survey of small business owners/operators commissioned by Research!America. In addition, nearly half (45%) say medical research funding to universities and other non-governmental research institutions should not be cut as part of sequestration, and a plurality (40%) say that such across-the-board cuts are not a smart strategy for reducing the deficit.

The survey findings also reveal that small businesses support the federal government's role in science, technology, engineering and math (STEM) education. Seventy percent of respondents say STEM education is important to the future of their business and the federal government should increase funding for those programs.

"It is striking that small business owners, the backbone of our economy comprising nearly 80% of business leaders nationwide, strongly value federal support for research and recognize the major role it plays in spurring private sector growth," said Research!America President and CEO Mary Woolley.

A majority of respondents (85%) say it's very important or somewhat important to reduce the federal debt and deficit and to cut federal corporate and individual tax rates (81%). Among the top strategies for deficit reduction are entitlement reform (25%), eliminating targeted corporate tax breaks (22%) and closing tax loopholes (21%). Seventy-seven percent say the rising cost of health care, a major chunk of our national debt, is important to their businesses, a concern that mirrors other components of the economy as well as individuals. A huge majority, 80%, say it's important for the government to support research that focuses on making our health care system more efficient.

The concern of small business owners is strikingly evident as it relates to our nation's world leadership status, with 90% describing research and development as important to our global competitiveness.

"Small business owners understand the critical role of federal government in giving small businesses a launching pad that includes the stimulus of innovation based on federally supported research and development," added Woolley. "Deep cuts to medical research funding would be detrimental to small businesses, our nation's economy and global competitiveness if policy makers allow the sequester to take effect."

The nationwide survey of small business owners/operators was conducted by Zogby Analytics for Research!America. Based on a confidence interval of 95%, the margin of error for the panel of 203 business owners is +/-7.0 percentage points.


'/>"/>
Contact: Anna Briseno
abriseno@researchamerica.org
571-482-2737
Research!America
Source:Eurekalert

Related medicine news :

1. ACP urges Congress to halt across-the-board sequestration cuts in health programs
2. SMART heart eases heart ache, targets cardiac patients emotional well-being
3. Anxiety Linked to Smarts in Brain Study
4. Well-connected brains make you smarter in older age
5. Infant Smarts Similar With Different Types of Formula: Study
6. The Attilio Group’s TAG™-Simply Faster Taps SmartSales To Accelerate Its Expansion Into National Reach
7. Lauren Sciences LLCs research team at Ben-Gurion University awarded Campbell Foundation grant to develop a V-Smart therapeutic for neuro-HIV
8. Dads Smarts May Mean More to His Sons Success Than His Money
9. Engineering the smart health care of the future
10. Engineers improve blood testing technology with smartphone app, hand-held biosensor
11. Sport makes middle-aged people smarter
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/27/2017)... ... April 27, 2017 , ... Last night, Christine Collins of ... Year for her extraordinary compassion and lifelong dedication to serve others. Since 1997, ... for the prestigious award each year – identifying a CAREGiver who has exemplified ...
(Date:4/27/2017)... (PRWEB) , ... April 27, 2017 , ... Offering the ... with an oil many times purer and more potent than the market has seen ... of Gstaad, Switzerland, as well as a patented chromatography process for extraction, to produce ...
(Date:4/26/2017)... ... April 26, 2017 , ... Jump Technologies, Inc., an innovative ... has completed a round of funding to accelerate its growth strategies. The $3.5 ... Capital is a growth equity firm focused on investments in healthcare and technology ...
(Date:4/26/2017)... ... April 26, 2017 , ... ... the ATA 2017 President’s Awards recipients, comprised of organizations and individuals who ... , The ATA 2017 President’s Awards recognize individuals and organizations on ...
(Date:4/26/2017)... ... April 26, 2017 , ... Elisabete Miranda, ... been honored by Enterprising Women magazine as one of its 2017 Enterprising Women ... business owners. Winners have demonstrated that they have fast-growth businesses, mentor or actively ...
Breaking Medicine News(10 mins):
(Date:4/20/2017)... , April 20, 2017 Research and Markets ... - Innovation Driven by Rapidly Expanding Injectables Market and Increasing Usage ... offering. ... drug delivery technologies will rise from USD 20 Billion in 2015 ... Global Drug Delivery Technologies - Innovation Driven by Rapidly Expanding Injectables ...
(Date:4/20/2017)... , April 20, 2017 ... platform, the first non-viral gene expression technology that enables ... the eye to address a wide range of ophthalmic ... Medicines and Healthcare products Regulatory Agency (MHRA) to advance ... ...
(Date:4/19/2017)... -- The Mobile X-Ray product segment is the most attractive ... forecast period Mobile X-Ray segment is the largest ... devices market, which is estimated to be valued at more ... of 7% over the forecast period. Mobile X-Ray segment is ... 100 Mn in 2017 over 2016. The segment,s revenue in ...
Breaking Medicine Technology: