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  • Free Enterprise: House Small Business Leader Calls For Tax Extension, Spending Restraints
    Posted in Articles on November 29, 2010 | Preview rr

    By Free Enterprise Congress should provide small business owners with certainty and extend the Bush tax rates for everyone, according to House Small Business Ranking Member Sam Graves (R-MO). “What the American people want is certainty, including dealing with the 2001-2003 tax policy,” Graves told members of the U.S. Chamber’s Small Business Council on November 16. “Hopefully, we’ll get that done before Christmas. But if not, then we’re going to deal with that right after we get sworn in and we’... Read more

  • Bloomberg Business Week: Small Business: Still Waiting for Recovery
    Posted in Articles on November 19, 2010 | Preview rr

    By John Tozzi; Bloomberg Business Week The recovery that began in the middle of last year hasn't reached small businesses yet. While corporate profits approach pre-recession levels, income at small private companies is recovering much more slowly, according to data from the Bureau of Economic Analysis. Proprietors' income—the profits of unincorporated businesses such as partnerships or individuals who work for themselves—is down nearly 5 percent from two years ago, while corporate profits have j... Read more

  • Straight Talk: Tax Hike Looming, SBA Chief Demands 1099 Repeal and More
    Posted in Straight Talk E-News on November 19, 2010 | Preview rr

    Click here to read the new edition of Straight Talk! Read more

  • Wall Street Journal: Tax Hikes and the Small Business Job Machine
    Posted in Articles on November 17, 2010 | Preview rr

    By John Engler and Jerry Howard; Wall Street Journal Speaking at his first cabinet meeting after the midterm election, President Obama repeated his familiar call for extending the current tax rates for middle-class families. He also vowed to support business. "We've got to provide businesses some certainty about what their tax landscape is going to look like, and we've got to provide families certainty," he said. "That's critical to maintain our recovery." If Mr. Obama wants to help families, bu... Read more

  • Portfolio: It's Main Street vs. Wall Street at the Fed
    Posted in Articles on November 16, 2010 | Preview rr

    By Steve Rosenbush; Portfolio Conservative lawmakers and economists are pressing the Federal Reserve to drop its monetary-driven agenda for promoting economic growth in favor of the small-business platform of lower taxes and less regulation. The Wall Street Journal reported Monday that a growing movement, which includes conservative luminaries, such as former Bear Stearns economist and ex-New York Senate candidate David Malpass, are urging the Fed to drop its plans for an additional $600 billion... Read more

  • Financial Times: US Banks See Demand for Business Loans Drop
    Posted in Articles on November 9, 2010 | Preview rr
    Tags: Access to Capital

    By Robin Harding; Financial Times Bank loan officers say that demand for loans from small US companies fell in the past three months, casting doubt on how much the Federal Reserve can stimulate the economy. Twenty-nine per cent of banks said that demand for loans from companies with sales below $50m had fallen, compared with only 7.1 per cent of banks that reported a rise, according to a Federal Reserve survey of senior bank loan officers. The tepid demand for loans from small businesses reduces... Read more

  • Graves Seeks House Small Business Committee Chairmanship
    Posted in Press Releases on November 3, 2010 | Preview rr

    House Small Business Committee Ranking Member Sam Graves (R-MO) has released the following statement announcing his candidacy for the Chairmanship of the House Small Business Committee: “My Republican colleagues and I have made a Pledge to America that we will listen and enact a governing agenda that reflects the will of the people. It is with that in mind that I announce my intent to pursue the Chairmanship of the House Small Business Committee. “The top priority for the new Republican Majority... Read more

  • Straight Talk Special Edition: Fighting the Job-Killing 1099 Requirement
    Posted in Straight Talk E-News on October 29, 2010 | Preview rr

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  • Fox Business: How Higher Taxes Will Impact Your Small Business
    Posted in Articles on October 28, 2010 | Preview rr
    Tags: Taxes

    By Gail Buckner; Fox Business What’s the most common form of business in this country? (Hint: it’s not “corporation.”) In fact, the United States is the only developed nation in the world where the majority of companies are not what the IRS calls “C” corporations -- the kind that make up the S&P 500. Instead, according to Brad Close of the National Federation of Independent Business [NFIB], 75% fall into the category of a “pass-through” entity. They go by names such as “S Corp.,” “limited liabil... Read more

  • Christian Science Monitor: IRS Targets Small Businesses
    Posted in Articles on October 28, 2010 | Preview rr
    Tags: Taxes

    By Jeff Cornwall; Christian Science Monitor The IRS seems to have it in for small businesses these days. There is the new rule recently passed that require the issuance of 1099's for any purchase over $600. Many fear that this is lays the groundwork for an additional new tax system based on a Value Added Tax. It has already begun to slow entrepreneurial growth, according to House Small Business Committee Ranking Member Sam Graves. From TradingMarkets.com: "I am extremely disappointed by the IRS'... Read more