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SMALL BUSINESS DISMAY GROWS ABOUT CLINTON ECONOMIC PLAN

 /ADVANCE/ NASHVILLE, Tenn., April 15 /PRNewswire/ -- As Tax Day arrives, American small business owners are growing increasingly dismayed over President Clinton's plans to revitalize the economy, according to a national survey of more than 7,800 firms released today by the National Federation of Independent Business, the nation's largest small business advocacy organization. If allowed to vote as lawmakers, more than two-thirds of the entrepreneurs responding said they would oppose the president's economic plan.
 Job creation would suffer under the White House proposal, small business owners said. Nearly half noted they would respond by creating fewer jobs; 41 percent said it would have no effect on their hiring. Only 6 percent would add workers.
 Trend analysis showed an increasing level of opposition during each of the five weeks the survey was taken. Immediately following the State of the Union address, less than one-fifth favored the president's plan while nearly two-thirds opposed it. Today, opponents outnumber supporters by nearly five-to-one.
 NFIB President and CEO Jack Faris said the survey found that more than half, 53 percent, of those questioned gave Clinton failing marks, rating his plan "poor to bad." Those figures increased 6 percentage points during the period.
 "The president's advisers must not be giving him a true picture of he economy," Faris said. "He would not be proposing higher taxes and more government involvement if he was getting accurate information about the damage his plan could inflict on small business."
 NFIB, which represents more than 600,000 small firms, reported the survey also found more than two-thirds convinced the plan would be bad for their businesses, while only 8 percent said it would help.
 What do small business owners like best about the Clinton plan? Some 42 percent appreciated the president's deficit reduction ideas most of all, while 23 percent favored tax incentives for smaller firms. Very few singled out proposals to stimulate the economy (3 percent) or rebuild the infrastructure (8 percent) as the best features of the plan.
 An energy tax is the least favorite item in the plan, nearly 32 percent said. Twenty-eight percent complained that there was too little attention to reducing the deficit, and one-fifth were concerned about "other taxes."
 Eight out of 10 agreed that the president's ratio of spending cuts to higher taxes relies too much on taxes. One-fifth said they'd like to see at least a two-to-one ratio, while nearly 17 percent urged $3 in cuts for every $1 in revenue. More than one-third felt taxes should not be considered at all.
 -0- 4/15/93/1000
 /CONTACT: National Federation of Independent Business, Media Relations, 202-554-9000/


CO: National Federation of Independent Business

ST: District of Columbia IN: SU: ECO EXE

DC-TW -- DC002 -- 5909 04/14/93 18:00 EDT
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Publication:PR Newswire
Date:Apr 14, 1993
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