When the Affordable Care Act passed in 2010, one provision that kicked in immediately was a Small Business Health Care Tax Credit. The IRS explains how the fairly generous credit works:
For tax years 2010 through 2013, the maximum credit is 35 percent for small business employers and 25 percent for small tax-exempt employers such as charities...Read more
Not long ago, New York City stopped a Walmart store from being built in its downtrodden East New York neighborhood, another defeat in the giant discounter/grocer’s six-year effort to enter the five boroughs. Small retailers and unions, in prevailing, embraced a century-old tradition of political suppression of retail competition. Notwithstanding the loud American romance with entrepreneurship, Marc Levinson’s history of the erstwhile supermarket giant A&P—the Walmart of its day—rewrites the story.Read more
President Obama, take note. Small business owners think Washington has become increasingly hostile in recent years to free enterprise and thus to job creation, a survey conducted last week found. And his policies are part of the problem.Read more
Pennsylvania Democrat Bob Casey, who is up for reelection this year, carefully put some space between himself and Barack Obama's recent comment that American entrepreneurs didn't build their businesses on their own.
Speaking at a luncheon in Harrisburg, Casey said that "everyone knows that when someone builds a business and is successful, they are successful for a variety of reasons. One of the reasons they're successful is they work hard."Read more
In the Washington Post, Camden Fine, president and chief executive of the Independent Community Bankers of America, writes, “I was astounded this month when the Federal Reserve announced its intention to keep interest rates at zero percent for at least the next two years. I kept staring at that number, 2013, assuming that it was a mistake.” He continues, “In my view, the Fed’s policy is nothing more than a backdoor bailout for the Wall Street mega-banks and investment houses; it amounts to the back of the hand for the community banks of this country.”Read more
The Washington Examiner's Philip Klein reports today on one of the many ways in which the Obama administration's regulatory policies are hurting small businesses, creating additional uncertainty in the economy, and generally killing jobs. Klein writes:Read more
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