“Small businesses, those having fewer than 500 employees, loom large in the U.S. economy… Their share of nonfarm GDP reached 50.7 percent in 2004.“Of the nearly 26 million firms in the United States, most are very small — 97.5 percent — have fewer than 20 employees,” the U.S. Small Business Administration says. “Yet cumulatively, these firms account for half of our nonfarm real gross domestic product, and they have generated 60 to 80 percent of the net new jobs over the past decade.”
To start, lower their taxes and cut Gov’t spending.
