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SMALL BUSINESS SENDS ECONOMIC MESSAGE TO PRESIDENT-ELECT; SURVEY SHOWS OPTIMISM BUOYED AFTER ELECTION

 SMALL BUSINESS SENDS ECONOMIC MESSAGE TO PRESIDENT-ELECT;
 SURVEY SHOWS OPTIMISM BUOYED AFTER ELECTION
 CHICAGO, Nov. 10 /PRNewswire/ -- One week after the election, a poll shows tax reductions at the top of small business's agenda for the new administration, and indicates economic optimism among small business owners as President-elect Bill Clinton looks to jumpstart the economy.
 According to a telephone poll conducted for Arthur Andersen's Enterprise Group(A) and National Small Business United (NSBU) the day after the election, 25 percent of 100 small- and mid-sized business owners surveyed said cutting taxes -- especially the capital gains tax -- is the most important thing the new administration can do to help small business.
 "The way to stimulate economic growth is not to add taxes or increase government spending, but to make small businesses stronger because they can add jobs in a hurry," says Rick Fumo, managing director of Arthur Andersen's Enterprise Group. "They're asking the government to get out of the way and let them do what they do best -- create jobs and generate 40 percent of the nation's GNP."
 After cutting taxes, the second most-important agenda item is cutting regulations, said 15 percent. Ten percent noted that not imposing health care costs was most important. Another 10 percent said making more money available by deregulating banks should top the list, while 9 percent said the new administration should cut the deficit (see agenda-items list).
 "Small business owners continually point to health care costs and the availability of credit from banks as the major obstacles to job growth and business expansion," notes Susan Hager, NSBU president. "We'll be working closely with the Clinton transition team to draw attention to these recommendations."
 The survey also found that small business owners are increasingly optimistic. Sixty percent expect their revenues to increase over the next 12-month period. This represents an 8 percent increase since a June 1992 survey when 52 percent expected a sales increase (see sales- increase list).
 -0- 11/10/92
 /NOTE TO EDITORS: National Small Business United (NSBU) is a private, nonprofit association representing small-business owners in each of the 50 states. Its total membership surpasses 60,000 from virtually all service and industrial sectors. NSBU takes a bi-partisan approach to working with members of Congress and other elected officials to improve the economic climate for small-business survival and growth.
 Arthur Andersen's Enterprise Group specializes in providing business consulting, audit, and tax services to small- and middle-market business. It is comprised of a distinct group of professionals specially trained and devoted full time to meeting the needs of the closely held company. The Enterprise Group is part of the Arthur Andersen Worldwide Organization, a leading provider of professional services with more than 80,000 clients served in more than 300 offices in 67 countries.
 (A) Arthur Andersen's Enterprise Group is a distinct and separate group within Arthur Andersen. Any first-line abbreviation, e.g., Arthur Andersen, is incorrect. The appropriate second reference is The Enterprise Group.
 SMALL BUSINESS'
 AGENDA ITEMS
 FOR NEW ADMINISTRATION
 RANK AGENDA ITEMS
 1. Cut taxes -- especially capital gains tax
 2. Cut government regulations
 3. Don't impose health care costs
 4. Make more money available by deregulating banks
 5. Cut the national deficit
 Source: Poll of Small- and Mid-sized Business Owners, Arthur Andersen's Enterprise Group and National Small Business United, November 1992.
 SMALL/MID-SIZED BUSINESSES EXPECTING SALES INCREASES
 OVER NEXT 12 MONTHS
 1991 45 percent
 1992 52 percent
 1993 60 percent
 Source: Poll of Small- and Mid-sized Business Owners, Arthur Andersen's Enterprise Group and National Small Business United, November 1992./
 /CONTACT: Vicky Nurre of Arthur Andersen's Enterprise Group, 800-837-7123, or Diana Schnittka of NSBU, 202-293-8830/ CO: Arthur Andersen ST: Illinois IN: FIN SU: ECO


PS -- NY066 -- 9298 11/10/92 12:50 EST
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Date:Nov 10, 1992
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