Obama Small Business Tax Credit Would Not Spur Jobs: Professional Women in the U.S. Say Obama $5000 Hiring Tax Credit Will Not Get Them to Hire

GARDEN CITY, N.Y., Feb. 8 /PRNewswire-USNewswire/ -- While professional women in business across the U.S. say they overwhelmingly (68.1%) favor a federal $5000 employer tax credit for each new net hire, when it comes to what this would accomplish in actual practice, 42.9% say this tax credit would NOT cause them to hire more staff/workers. Less than one quarter of respondents, 21%, said it would.

This finding is based on two questions from the just-concluded National Association of Professional Women (NAPW) "2010 Business Outlook Survey" of 1277 professional women in business across the U.S. regarding their outlook for both the economy as a whole and for their businesses. NAPW is the 150,000 member organization serving as the voice of women who own, manage or play important roles in business nationwide.

"Based on the survey findings, it seems President Obama's idea is only a conceptual success. It would not appear to have the practical effect of actually adding jobs," says Nicole Johnson, NAPW's Managing Director for Communications and Member Services. "The concept resonates well with professional women, but it seems it isn't sufficiently compelling to actually motivate even a majority of NAPW members to hire."

NAPW members represent the spectrum of American business -- with 80% from smaller businesses with 1-499 employees and 20% from mid-market and large companies with 500-5000 employees. 86.4% have positions of responsibility in U.S. business -- 55% are owners, partners or top management, 9.3% are corporate officers and 22% are middle management.

The National Association of Professional Women (NAPW) is the fastest growing and most recognized professional women's association in the nation.  NAPW assists its accomplished members, from businesses large and small, to achieve powerful business growth and professional career development through interactive online networking forums, local face-to-face chapter meetings, access to local and regional seminars, webinars, podcasts, keynote speakers, and many educational tools. NAPW provides an advanced forum for like-minded professional women to gain exposure and to create innovative social and business relationships, boost their careers and become more productive and successful.  

For more information about NAPW, visit www.napw.com or follow NAPW on Twitter.

SOURCE NAPW