President Obama

A needed message in State of the Union address

One of the issues we are expecting to hear about in President Obama’s State of the Union address tomorrow night is the housing crisis.  Economists tell us that the nation’s economy won’t dramatically improve until the housing market stabilizes and demand for new homes gets back on track.  That’s how…

Treasury’s failure hurt small businesses

The U.S. Government Accountability Office (GAO) has issued its findings on why the Small Business Lending Fund (SBLF) passed by Congress in 2010 turned into an abysmal failure in promoting loans to small businesses.  Only 332 of the 935 community banks applying for the extremely low interest funds to be…

Let upper-end Bush-era tax cuts expire

By Frank Knapp, Jr. The Hill’s Congress BlogSeptember 21, 2011   President Obama’s call for cutting the deficit by $3 trillion includes the roll back of the Bush-era tax cuts on the top income tax brackets, a move expected to bring in about $800 billion over the next 10 years.…

Cash flow and job tax credits

In my blog on Monday, I made the following observation about the job tax credits within the President’s proposed American Jobs Act. Tax credits are taken when tax returns are prepared, not at the time of hiring.  If a business doesn’t have the capital to do the initial hiring, the…

We need customers

The Census Bureau reported yesterday that the United States now has 46.2 million people living below the poverty line—up 2.6 million people since last year.  Median household incomes fell below 1997 levels.  No wonder the biggest threat to small business is the lack of customers, not taxes or regulations.  Last…

Pass this jobs bill

Finally, a jobs plan that actually helps the largest jobs-producing sector to create jobs—small business. Advocates for small business were thrilled to hear President Obama speak these words last night. Everyone here knows that small businesses are where most new jobs begin….So for everyone who speaks so passionately about making…

Here’s a change—Action instead of talk

Once again we are hearing the popular political refrain about small business being crucial to leading us out of the current economic malaise.  Yesterday President Obama announced his proposal that he believes will boost rural, small business economic development. According to a Bloomberg report  the President’s plan will include: (E)xpanded loan…