In testimony before the U.S. House of Representatives Committee on Small Business, AAF President Douglas Holtz-Eakin discusses access to capital and the growth prospects of America’s small businesses.

His key points:

• The current macroeconomy is characterized by slowing economic growth, the stubborn remainder of high inflation, and the challenge of returning inflation to the Federal Reserve’s 2 percent target;
• In general, the Biden Administration is imposing regulatory burdens at a record rate, while the Basel III endgame capital rules threaten to needlessly raise the cost of all credit products; and
• Additional policy uncertainty stems from the budgetary outlook, the tax treatment of investments and research and development expenditures, and the 2025 sunsets of broad swaths of the 2017 tax law.

Read the Testimony

Watch the Hearing