National Small Business Association President “Todd McCracken endorsed the Democrats and President Barack Obama’s small-business bill on CNN’s ‘State of the Union’ on Sunday,” POLITICO reports.
“Putting money in the pockets of both consumers and small-business people is crucial,” McCracken said. “There is a jobs bill sitting in the Senate that they’re going to be taking up in a week and a half that will free up a lot of credit for small business.”
Obama has accused Senate Republicans of blockading the bill before the summer congressional recess, saying that their efforts were blocking crucial job growth in the economy.
The bill would include a series of measures to open up federal credit lines to small businesses, including eliminating application fees for small-business loans. Democrats have pointed to news reports that indicate that small businesses are holding up hiring as they wait for the bill to be passed. Republicans counter that the bill would do little to reduce uncertainty in the market and spur hiring.
(credit image – zimbio/getty)