Both sides indicated the vote was political one ? Democrats said Republicans blocked the bill to cost President Barack Obama political points. Republicans said that the legislation was a campaign stunt and wasn?t enough to have any impact on jump-starting the economy.
By the numbers, here?s a look at small business in America:
CNN Money: Small Business
3 - Small business tax cut bills that were rejected in the U.S. Congress this week.
1953 ? Year the U.S. Small Business Administration was founded.
499 ? Highest number of employees a business can have to be considered a ?small business.?
249 ? Maximum workers employed at a ?small business? in the 1950s.
79 ? Percent of American businesses that are non-employee businesses, with no employees other than the proprietor.
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$7 million ? Largest amount of average annual receipts to qualify as a small business.
20 ? Percent of income eligible for tax deduction by small businesses under the Small Business Tax Cut Act, proposed by House Majority Leader Eric Cantor.
$73 billion ? Amount of the projected total increase in personal incomes if the Democrats? Small Business Jobs and Tax Relief Act had passed in the Senate.
$87 billion ? Amount potentially added to the GDP.
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990,592 ? Estimated number of jobs that would have been created.
10% ? Tax credit on new payroll, a hiring incentive for business owners under the Senate Small Business Jobs and Tax Relief Act.
7 - Shortage of votes needed for the Senate to be able to invoke cloture and end the debate on the bill.
5,749,797 ? Firms in the U.S. with fewer than 500 employees, as of 2009.
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56,281,503 ? Employees of small firms with fewer than 500 workers, in 2009.
2.4 million ? Businesses owned by veterans, making up 9% of all businesses, as of 2007.
45 ? percent of new businesses established in 2004 that were still around in 2009.
2 - Percent of Americans with incomes higher than $250,000 annually, those who would be affected by the expiration of the Bush-era tax cuts, according to President Obama.
1 in 6 ? Baby boomers surveyed in 2011 by AARP who expect to eventually have their own business.
Source: http://drax29.info/by-the-numbers-small-business
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