NEW YORK (CNNMoney.com) -- As policymakers in Washington focus on ways to help small businesses, the leaders of America's biggest companies delivered their own message on Tuesday: Don't leave us out of efforts to stimulate the economy.
The Business Roundtable, an association of chief executives from major U.S. companies, said the best way to help small businesses, traditionally the main driver of job growth, is to adopt policies that will boost their sales.
The average large corporation buys $3 billion worth of goods and services from small businesses every year, according to a Roundtable survey. All told, big businesses and multinationals generate an estimated $1.5 trillion in sales for small businesses annually.
"It is critical that public policies are designed to encourage growth and job creation for all companies in the United States, not just firms of a certain size," Larry Burton, executive director of the Roundtable, said in a statement.
The push-back from big business comes as President Obama seeks to recharge a stalling economic recovery with recently proposed tax breaks for small businesses, additional infrastructure spending and other measures. Obama has signaled that the proposals could be paid for by eliminating certain tax incentives and subsides for large companies, particularly those that do business overseas.
Meanwhile, the Senate voted Tuesday to move the $42 billion Small Business Jobs Act forward, bringing the bill one step closer to passage. The bill, which will have to pass another vote before going back to the House, would provide low-cost loans and offer tax breaks to small businesses.
LinkedIn shares surged in after-hours trading Thursday following strong second-quarter earnings, following the likes of Facebook and Twitter. More
Terrell White has had a profit-sharing plan for his employees since 1981, believing that if the staff isn't happy, guests won't be either. More
Get paid to go on vacation, receive a couple of bonus weeks at the end of the year or take as much time as you need. Such vacation policies are more than a dream at some small, niche -- and often tech-based -- companies. More