FEDERALhearing transcript

House Subcommittee Hearing on Small Business and Economic Growth

Original title: SMALL BUSINESS: THE KEY TO ECONOMIC GROWTH

January 1, 2017

small business economic growth tax reform regulatory reform capital access

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The Frame

What this does

This hearing established the legislative priorities for the House Committee on Small Business regarding tax and regulatory policy, which directly impacts the operational costs and capital access for small business owners nationwide.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Small business owners

The committee is evaluating tax and regulatory policies that directly impact the operational costs and capital access for these businesses.

Private sector employees

Small businesses employ 48 percent of the private sector workforce, meaning changes to small business policy affect a large portion of the labor market.

What changed

Last recorded activity January 1, 2017.

What's next

Next step not available in the current record.

Summary

The House Subcommittee on Economic Growth, Tax, and Capital Access held a hearing on April 27, 2017, to discuss strategies for increasing U.S. economic growth. The session focused on the role of small businesses and potential policy changes, including tax reform, , and improved .

Key Facts

The hearing was held on April 27, 2017, in the Rayburn House Office Building.
The U.S. economy grew at a rate of 1.6 percent in 2016.
The average U.S. economic growth rate from 1950 to 2000 was approximately 3.5 percent.
Small businesses represent 48 percent of private-sector workers in the United States.
The Subcommittee identified regulatory relief, tax reform, and trade reform as primary areas of focus for stimulating economic growth.
The hearing addressed concerns regarding the concentration of venture capital investment in limited geographic areas.
The hearing served as a precursor to National Small Business Week.

Why It Matters

Frequently Asked Questions

What was the purpose of this hearing?

The hearing was held to examine the relationship between small businesses and national economic growth and to discuss potential policy reforms in taxes, regulations, and capital access.

Who testified at the hearing?

The witnesses included Robert Barro (Harvard University), Andrew Sherman (Seyfarth Shaw LLP), Stephen Moore (The Heritage Foundation), and Chad Stone (Center on Budget and Policy Priorities).

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift90% confidence

Focus on Regulatory Relief

The hearing highlights a clear shift toward prioritizing regulatory and tax reform as the primary levers for increasing U.S. GDP growth.

Committee on Small Business

Connected Entities

personStephen Moore“Witness, Heritage Foundation”Map →

personRobert Barro“Witness, Professor of Economics at Harvard University”Map →

personDwight Evans“Ranking Member/Subcommittee member”Map →

personChad Stone“Witness, Center on Budget and Policy Priorities”Map →

personDave Brat“Chairman of the Subcommittee on Economic Growth, Tax, and Capital Access”Map →

personWilbur Ross“Commerce Secretary”Map →

personAndrew Sherman“Witness, Partner at Seyfarth Shaw LLP”Map →

Sources

Open source document

www.govinfo.gov

Analysis Score

0–100

Significance40
How much this matters to a regular citizen
Controversy20
Intensity of disagreement among stakeholders
Entertainment5
Compellingness for a non-policy-wonk reader
Buzz10
Current news / social attention level

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