Businesses have been clamoring for more time to get back on track after the global financial crisis.
The Obama administration is proposing to spend $1.5 trillion over the next 10 years to help small businesses and businesses that rely on public transit, transportation infrastructure and other public services, with a focus on high-impact job-creating industries like health care, tourism, food service and more.
Obama has been criticized by conservatives who say the stimulus is too little, too late, that it’s too expensive and it won’t stimulate businesses.
However, the president has defended the stimulus in recent weeks.
He said it will create jobs, spur economic growth and create opportunities for small businesses to hire and grow.
“Our economy can recover, but it will be much slower and much more fragile than it otherwise would be,” he said in an interview with NBC News on Sunday.
He also pointed to the high unemployment rate in the United States and noted that most businesses aren’t hiring because they aren’t able to fill the job openings they do have.
Businesses are calling for more stimulus because the recovery is too slow, according to a survey released this week by the Business Roundtable, a business lobby group.
The survey of more than 1,000 small businesses, conducted by The Washington Post and the National Association of Manufacturers, found that businesses are expecting to spend about $2,300 per worker in stimulus spending.
The business lobby said that a $1,000 stimulus package could provide up to 4,000 new jobs.
Business leaders say they’re concerned about how the stimulus will help businesses because it doesn’t go into the business plan.
“The government has to start by having a plan for job creation,” said James Gorman, a member of the National Federation of Independent Business and the president of the American Business Association.
“We’re very worried that the president is not going to be able to deliver on that.”
The White House said it was planning to submit a proposal to Congress by mid-January for the stimulus.
Obama’s plan is to give companies up to $2 billion in stimulus funds, with the rest going toward infrastructure, hiring and retraining for workers, job training, and training for the unemployed.
It’s also expected to provide up-front cash assistance to businesses to help them hire more workers and build up their workforce, including a $250,000 tax credit for businesses with fewer than 50 employees, a $2.25 million grant to small businesses that have been hit hard by the recession and a $600 million loan guarantee to businesses that are considering relocating to new locations, said Kevin Harrington, a spokesman for the White House Office of Management and Budget.
“With the recovery, we’re looking to create thousands of jobs,” he told reporters.
He added that businesses could also receive $200 billion in additional stimulus funds over 10 years.
The White National Bank also released a report this week that said the stimulus could generate more than $2 trillion in economic benefits for the United Kingdom and $1 trillion in tax revenue for the U.S. It said that the stimulus would increase wages and job creation and boost productivity by about $300 billion.
Small business owners are also urging Congress to pass legislation that would help them get a foothold in the job market.
They say the government shouldn’t be forcing them to move to a new location when there are opportunities for them to get their businesses back on their feet.
In an op-ed published Sunday in the Washington Post, business groups and the Chamber of Commerce urged Obama to make more progress on jobs, infrastructure and infrastructure spending.
“Instead of investing billions of dollars to fund job-killing and job-stifling policies like the so-called stimulus, Congress should work with the President to address these pressing economic and job challenges,” the Business Alliance, the Business for America and the American Petroleum Institute wrote.
“In a small, but crucial, way, this legislation is a way to help businesses return to work, so that Americans and small businesses can build jobs, invest in infrastructure and support their own growth,” they added.
The Chamber of Technology and other business groups have also weighed in, saying that the administration should move forward with a jobs bill that would boost the minimum wage and provide tax breaks for small business.
In recent weeks, small businesses have taken the lead in urging lawmakers to pass a stimulus bill.
In a statement released last week, the American Federation of Government Employees, the US.
Chamber of Enterprise and Commerce and the United Federation of Teachers wrote that Congress should act to provide more support for small companies.
The groups noted that the economy has recovered from the Great Recession and the recovery has been faster for small and medium-sized businesses than it was for large companies.
But they warned that the U,S.
is still experiencing a number of challenges and that the economic recovery needs to be sustained.
They added that the federal government needs to provide adequate resources to ensure that the recovery can be sustained in the long