Yesterday, as expected, the U.S. House passed Majority Leader Cantor’s bill that would cut a small business owner’s tax on profits by 20% for 2012 only. The bill’s intent, according to the supporters, is to spur job creation. In my blog on Wednesday I explained why this would be a $46 billion debt-increasing failure in …
House Majority Leader Eric Cantor has a plan that is scheduled to be taken up by the House tomorrow. On the surface it looks like one of those political gimmicks that partisans like to feign outrange about. Mr. Cantor proposes that small businesses with pass-through income (S-Corp, partnership) should have their 2012 tax obligation on …
As the debt ceiling debate rages on, it appears that Congress and the President are looking at a plan to simply raise the debt ceiling enough to allow the federal government not to default for a short period of time and do some budget cuts along with it. What a tremendous waste of an opportunity …
As my friend Sue Berkowitz, Director of the S.C. Appleseed Legal Justice Center, said in an email, “What took them so long?” Sue was reacting to the news yesterday that the House Republicans will begin a floor debate on repealing the Affordable Care Act (the ACA is healthcare reform for those still looking for a …
For the sake of small business “Repealers” should repent Read More »
