Personal accounts offer two fundamental advantages for smallbusiness: actions that the government would not have to take(unnecessarily raising taxes or cutting Social Security benefits)and results that the private sector would generate (enhancedentrepreneurship, strengthened capital markets, and improvedretirement incomes). Empowering entrepreneurs in this way wouldbenefit the entire nation as additional jobs were created andeconomic growth was sustained.
Small business has much to gain and very little to lose if Congressestablishes Social Security personal retirement accounts. Theseaccounts, which would allow taxpayers to invest a portion of theirSocial Security retirement taxes, would make capital more availableto small businesses without adding any appreciable administrativeburden.