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Sunshine overcomes gold


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  • | 2:00 p.m. October 21, 2016
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Florida beats New York and California when it comes to small business owners who believe less is more in what the federal government should and shouldn't do to help the economy.

That's one takeaway from a new Main Street Pulse Report released by OnDeck, an online lending platform for small businesses. The company, according to a statement, polled small business owners in California, Florida and New York because those are three of the most populous states. The results include:

More than six out of 10 Floridian respondents, 62%, feel their business has been harmed by the economy. That number drops to 54% in California and 52% in New York;

• Nearly three-fourth, 72%, in Florida say the federal government should cut taxes to immediately help small businesses, compared to 65% in New York and 61% in California;

More than two-thirds, 69% of Floridian respondents say the federal government should reduce health care costs to immediately help small businesses. A little more than half, 53%, of Californian respondents agree with that, while the number rises to 60% for New Yorkers;

In a related health care question, 44% of respondents from Florida say health care costs have created a significant financial burden on their business over the past year. That figure falls to 35% in New York and 27% in California.

Floridian small business owners, at 54%, lead the way in opposing an increase in the federal minimum wage. That number drops to 50% who oppose it in California and 46% who oppose it in New York.

 

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