Help for U.S. Small Business Faces Trouble In Congress

Posted by ShawnHessinger under News
From http://boss.blogs.nytimes.com 3942 days ago

Robb Mandelbaum, in his You're the Boss column in the small business section of the New York Times, reports trouble for small business legislation in Congress as support for both hiring and investing incentives and for legislation to spur small business lending face some resistance. Both are key components of the Obama Administration's plan to bolster small business, but whether these measures can make it through the legislature in tact remains to be seen. And are they in the end truly what is most necessary to help small businesses and the economy recover? We'd love to hear your views.

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Comments

Written by billrice
3940 days ago

My experience is that most businesses don't need credit--they are buckling down. What they need is a tax break on their earnings so they can re-capitalize. It seems we are working on the wrong end of the economic scale.

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Written by TonyJohnston_CNi
3940 days ago

Given the tight credit and capital market conditions for small companies today, I like the idea of offering them more loans business because likely it will save many from going under and encourage continued, even increased, employment. And with this being a loan as opposed to a you-can't-get-it-back incentive, the government will not be adding to the deficit thereby.

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Written by CFOWISE
3941 days ago

I have to agree with Anita on this...the only businesses that will hire will be the ones that need to hire because they are growing and adding value to the market and economy. The hiring credit is going to throw good money at those folks, but they are likely not the ones that are struggling the most. Although, they probably deserve it and will put the money to good use in continuing to grow their business.

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Written by smallbiztrends
3942 days ago

It's tempting to think the government can "help" small businesses. But no intelligent small business owner is going to go ahead and hire someone based on a temporary $5,000 amount, unless they have enough customer business to pay for that person's salary longer-term. In the end, I think we need government to stay out of business's hair, keep taxes low, and quit spending so much of our money. Then businesses will feel more confident about hiring. And the economy will recover - without all this artificial "stimulus" and help -- which burdens us with more taxes in the long run.

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