Doing What’s Best for Small Businesses
"This piece of legislation is good for workers, it's good for small business people, it's good for our economy. And yet, Republicans in the Senate have blocked this bill -- a needless delay that has led small business owners across the country to put off hiring, put off expanding and put off plans that will make our economy stronger." – President Obama
Today the President called on members of Congress to immediately pass a small business bill that has been held up by Senate Republicans.
New jobs numbers released this morning show that while we’re continuing to make progress on the economy—adding 67,000 private sector jobs in the 8th consecutive month of growth—businesses and workers are still hurting.
Loans for small businesses under the Recovery Act have successfully helped create jobs, but funds ran out in May. The Small Business Jobs Act would mean that more than 1,000 small businesses waiting for loans would be able to receive them.
Small Business Administrator Karen Mills explained on the White House blog:
Not only will the bill immediately help thousands of small business owners get access to capital, but it will also raise the limit on SBA loans from $2 million to $5 million, helping high-growth small firms who are ready to expand, franchisees who want to open a new location, and exporters who need to ramp up to meet a big order from abroad.
And on top of that, the bill has $12 billion in tax cuts for small businesses, including accelerated depreciation, eliminating capital gains on small business investments, and doubling the deduction for start-ups. It’s fully paid for and both the U.S. Chamber of Commerce and the National Federation of Independent Businesses have praised the legislation.
In other words, this is a strong bill. It has broad support. It will give taxpayers a big bang for their buck. And, it will benefit thousands of entrepreneurs and small business owners across the country, including the more than 1,000 who are right now waiting to get an SBA Recovery loan.
Funny you mention it, considering I’ve thought about doing this lately. I don’t get a ton of comments, but I’ve changed the way I think about blogging and in some cases, comments can become a distraction.
Once government takes over, the only way for YOU to get free or subsidized health care is for someone else to have their wages taken and re-distributed to you … that’s called SOCIALISM. You should not be proud of being a socialist.
Wow, you need an education in free market economics.
Every product and service in the free market is profit driven, it has ALWAYS been that way, it never changed “somewhere along the way”. Profit in the free market is what leads to quality and availability with supply meeting demand. Profit also provides the means for innovation to occur in healthcare. Competition in the free market is what keeps profit reasonable and proper. To the extent that healthcare costs were too high in the past, that’s because there was TOO MUCH government involvement already, restricting competition. For example, rules keeping insurance from crossing state lines.
The new Zune browser is surprisingly good, but not as good as the iPod’s. It works well, but isn’t as fast as Safari, and has a clunkier interface. If you occasionally plan on using the web browser that’s not an issue, but if you’re planning to browse the web alot from your PMP then the iPod’s larger screen and better browser may be important.
So, turn out and vote all you want. Your black Democratic congressman is going to win with 90% of the vote whether black turnout is 20% or 99%. But every other district will see no impact.
I hope y’all will think about the bigger picture and refuse to be swayed by the pathetic propaganda that seeks to capture and control you; like a robot; like a useless, stupid comodity.
I’m assuming that this was a debts settlement firm that promised to settle your unsecured debt at 50%, appropriate? If this will be the situation, then the damage is straight related to how lengthy you ended up using the program and how numerous months your accounts went past-due..
..One other factor is if your accounts charged-off as lousy credit debt.