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NFIB Weekly News Leading the News

US Could Seek Farming, Car Manufacturing Concessions In TPP Talks. (04/17/2018)

The Wall Street Journal (4/15, Davis, Subscription Publication) reported that if the US were to follow up on the President’s reported desire to re-enter the deal, both sides would seek concessions. In contrast to the pre-2016 period, the US would now negotiate with the TPP-11 bloc, where countries such as Japan, Malaysia and Vietnam are expected to view a US re-entry favorably. In negotiations, the US could push for Japan to improve access to US farm products, particularly a reduction in rice tariffs. To the Journal, Japan may view that as a reasonable price to pay to get the US back in the agreement.

Business Climate

Janetsky: Only A Small Fraction Of Federal Contracts Go To Women-Owned Small Businesses. (04/17/2018)

Megan Janetsky wrote in a piece for OpenSecrets (4/13) that the federal government awarded $25.4 billion in contracts to women-owned small businesses in 2017, which “marked a record high for those businesses.” But that figure “only made up 5 percent of the $508.4 billion in federal contracts awarded that year, a Center for Responsive Politics analysis of contract data on shows.” Women own more than a third of all businesses, but “according to a 2015 Small Business Administration report, those businesses are 21 percent less likely to win contracts compared to otherwise similar firms not owned by women.” Furthermore, “of the top 50 most expensive contracts awarded by the federal government in 2016 and 2017, not a single one was awarded to a women- or minority-led business, data shows.”

Small Business Marketing

Video Examines How Print Ads Have Gone Interactive. (04/17/2018)

Publishing Executive (4/11, McGee) posts a video that explores “interactive print ads,” including “magazine ads that change color at the push of a button, inserts that collect solar power to charge a cell phone,” and “a car ad that actually checks your pulse while making it race.”

Wages and Benefits

Professor: Congress Should Choose Right Work Requirement Policies. (04/17/2018)

In an op-ed in the Wall Street Journal (4/11, Subscription Publication), Economics Professor David Neumark wrote that two more-stringent work requirements for welfare programs that federal agencies are encouraged to adopt thanks to President Trump’s executive order this week can work in opposite directions in terms of their effects on future earnings. Neumark cited research finding that a more generous Earned Income Tax Credit (EITC) leads to significantly higher earnings in the long run among less-educated single mothers – an important population group for reducing poverty. Minimum wage policies, on the other hand, lead to higher poverty and an increased reliance on public assistance in disadvantaged neighborhoods. Neumark encouraged lawmakers in Washington to pursue antipoverty policies that lead to economic self-sufficiency in the long run.

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